Your Local Mortgage Lender
Located in Cooper City, Florida
Personalized Mortgage Experience
Mark Harris offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Cooper City, Florida.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
HOA Reserve Requirements Are Changing in January 2027 and Condo Buyers Need to Know Right Now
HOA Reserve Requirements Are Changing in January 2027 and Condo Buyers Need to Know Right Now
A Change Coming to the Condo Market That Most Buyers and Agents Have Not Heard About
If you are thinking about buying a condo or if you are a real estate agent who works heavily in the condo market there is a regulatory change coming in January 2027 that will meaningfully affect which condos can be financed and which cannot. Understanding it now rather than discovering it mid-transaction is what separates a smooth closing from a frustrating and expensive surprise.
What Is Actually Changing and Why It Matters
HOA reserve requirements for condo financing are increasing from 10 percent to 15 percent effective January 2027. To understand why that matters it helps to understand what reserves actually are.
Reserves are essentially the HOA's savings account. They represent the funds set aside to manage, maintain, and repair the shared elements of the condo development over time. Roofs, elevators, parking structures, common area systems and infrastructure all eventually need repair or replacement and the reserve fund is what allows those costs to be addressed without special assessments or financial instability in the association.
The 10 percent reserve threshold has already been challenging for many condo associations to meet. Moving that requirement to 15 percent in January 2027 means that a significant number of HOAs that currently qualify for conventional financing will no longer qualify under the new standard. Condos attached to those associations will become more difficult to finance which directly affects both buyers trying to purchase in those communities and sellers trying to find qualified buyers for their units.
Why Now Is the Time to Act for Condo Buyers
If you are considering purchasing a condo the window before the January 2027 change takes effect is the most favorable environment for completing that transaction. Condos that are currently approved and financeable under the 10 percent reserve standard may not qualify under the 15 percent standard that arrives in January and the pool of financeable condo inventory will shrink as a result.
Acting now means buying in a market with more available inventory and more financing options than the post-January environment may offer. Waiting means potentially encountering a tighter and more complicated financing landscape for exactly the condo communities you might have targeted.
Why Sellers and Their Agents Need to Address This Now
For realtors with condo listings and sellers who are preparing to bring a unit to market the January 2027 change is a reason to counsel clients carefully and act with appropriate urgency. A condo that is currently financeable and attracting qualified buyers will be a different proposition if the HOA does not meet the new reserve threshold when it takes effect.
Pricing strategy, marketing approach, and transaction timing all need to account for the reality that the buyer pool for condos in associations with reserve challenges will narrow in January. Sellers who understand this and position their listing accordingly will be in a better position to attract qualified buyers and complete smooth transactions than those who discover the issue after it has already affected their ability to close.
The Condo Expertise That Makes the Difference
As Mark Harris explains navigating the condo financing landscape requires specific expertise and access to the right tools. He is a condo specialist with access to a condo approval tool that allows him to see in real time which condo communities are approved and which are not under current financing guidelines. That visibility makes the transaction process significantly smoother because potential financing issues are identified at the beginning of the process rather than discovered deep into a transaction when options are limited and timelines are tight.
Whether you are purchasing a condo, considering a condo purchase, or a realtor who sells condos regularly reach out to Mark Harris to find out how the January 2027 reserve change affects the specific communities you are working with and how to navigate the condo financing landscape with the right expertise and the right tools behind you.
Sources
FannieMae.com
HUD.gov
ConsumerFinancialProtectionBureau.gov
MortgageNewsDaily.com
NAR.realtor
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