WorldWide Mortgage & Financial, Inc

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WorldWide Mortgage & Financial, Inc

300 Sevilla Ave. Suite 306
Coral Gables, FL 33134-6624
Phone: (305) 774-9896
Fax: (305) 774-9895

Welcome to WorldWide Mortgage & Financial, Inc.

Mr. Ghazal welcomes you to WorldWide Mortgage & Financial, Inc. Mr. Ghazal and his associate's will get you the best mortgage loan for your home, business and commercial.

Get the best mortgage loan for your need. When you decide to buy a home, business, commercial, refinance a mortgage, reverse mortgage and reverse mortgage purchase it's a big step. You can trust us to find the loan program that's best for you.

Buying a new home Is a source of anxiety, frustration -- and a huge sense of accomplishment. You didn't pick the house that was best for someone else, you picked the one that's right for you! Trust our professionals to find the mortgage loan that best fits your needs, too. "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision. Getting the right mortgage loan is like getting the keys to your new house! We can help you get there.

Refinancing your current mortgage Has never been easier. If you thought refinancing meant getting buried under mountains of paperwork, think again! We make it easy and worry-free to reduce your interest rate and monthly payment. We can even help you pay down your balance more quickly for comparable monthly payment. Let our professionals guide you to the very best refinanced loan!

Tapping into your home equity Is easier than ever before. You've been paying down your balance, and property values have gone up! Tap into that wealth and reward yourself. We'll help with the best program to fit your goals.

Reverse Mortgage Is a special HUD loan that lets you convert a portion of the equity of your home into cash, which is only offered to senior homeowners 62 years of age and older. A Reverse Mortgage allows for you to have access to your homes equity without a monthly mortgage payment ever, unless the borrower(s) no longer uses the home as their principal residence. For a senior to be eligible for a FHA HECM, FHA will requires that you to be the homeowner that you are 62 years of age or older, own your home outright, or have a low mortgage balance that can be and will be paid off at the closing with proceeds from the reverse loan, and you must live in the home.

Reverse Mortgage Purchase Allows seniors, age 62 or older, to purchase a new principal residence using loan proceeds from the reverse mortgage, this program was designed to allow seniors to purchase a new principal residence and to obtain a reverse mortgage within a single transaction to eliminate the need for a second closing. The program was also designed to enable senior homeowners to relocate to a different area to be closer to family, members, friends or even downsize to home that will meet all their physical needs.

Commercial Real Estate Funding If you’re new to commercial real estate financing, you’ll want to get a firm understanding of the differences between a residential and commercial mortgage loan. Residential real estate uses a debt-to-income formula for judging your ability to repay a loan while commercial real estate is based on the debt coverage service ratio formula to qualify. This means that to qualify for a commercial loan, you’ll have to know what your projected return on investment (ROI) will be when making a commercial property purchase or refinance.

The cash flow generated from your commercial real estate property will be one of the factors in determining both the value of the property as well as its future return. The type and amount of your commercial loan is also dependent on other factors, including your business and personal credit history, your net worth or financial strength, the type of property and its overall condition, its cash flow, the geographical location of the property, and the general economic outlook of the local market.

The first step to purchasing or refinancing your commercial property is to know exactly how you’ll use the property. What type of property will you acquire? How will the property be used to improve your cash flow and financial goals? How long will you hold the property? Will you be an owner/tenant or just an investor? And do you have an exit strategy? These are all questions you’ll want to think about before applying for your commercial financing.

After you’ve established the market need and use for the property, you’ll also want to analyze its current and future cash flow that will contribute to your ROI. So give us a call today, and we’ll help you get started and answer any other questions you may have.Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a new home, refinancing a mortgage, or cashing out your home equity. So we make a commitment to you. We will help you qualify, apply and be approved for the right mortgage loan for you. Not anyone else!

Copyright © 2009 WorldWide Mortgage & Financial, Inc