Hi, I'm Michael...
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Senior Mortgage Consultant

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Michael Mento

Senior Mortgage Consultant

NMLS

422717

State license
State licenses
Cell Phone
609-839-1203
Office Phone
Address:

14 E. 9th Street

Ocean City
NJ
08226
Languages:  
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Michael is one of the industry leaders when it comes to residential lending. He has 19 years of experience as a Mortgage Consultant. His knowledge of the industry along with attention to detail makes for a smooth mortgage transaction.  Michael specializes in conventional and jumbo mortgage loans for second home buyers at the shore.  Michael knows what it takes to get the job done right.


To remain an industry leader, Michael works with Prosperity to provide competitive mortgage solutions for every financial situation and the best service in getting your loan to the finishing line. Michael has won multiple production and customer service awards as a Mortgage Consultant and has a proven track record for success.

When not hard at work, Michael enjoys spending time with his family, dining out, fishing, and catching up with friends.  Michael has a passion for classic cars.

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I'm here to answer allyour mortgage questions

  • Do I need to save for a 20% down payment?

    No! With FHA loans you can get approved for as little as 3.5% down, VA and USDA loans can offer you $0-down options, and with Private Mortgage Insurance (PMI) you can get into your new home with less than a 20% down payment. Whatever your situation, you have options.

  • Are Pre-Qualification and Pre-Approval the same thing?

    No. Pre-qualification and pre-approval are two different things. Pre-qualification means that a mortgage lender has reviewed your financial records and believes you will qualify for a loan. A pre-approval is a conditional committment from a lender that they will lend you the money for a mortgage.

  • What's the difference between an adjustable and a fixed rate mortgage?

    A fixed rate mortgage means that the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage, the interest rate may go up or down after a certain amount of time. Many adjustable rate mortgages will start at a lower interest rate than fixed rate mortgages.

  • What is Private Mortgage Insurance (PMI)?

    Private Mortgage Insurance (PMI) is a type of insurance you may be required to pay if you are taking out a conventional mortgage with a downpayment that is less than 20% of the home's overall value. If you refinance your home with a conventional loan and your equity is less than 20% of the home's value, you may also be required to pay PMI. Private Mortgage Insurance protects the lender in the event that you stop making payments on your loan.

  • Can I access my home equity before I finish paying off my loan?

    Yes! Your mortgage advisor can help you find the right refinance and reverse mortgage options to help you access your home equity before you've finished paying off your loan. This can help with covering the cost of remodels, college tuition, long-term care plans, and more! Talk to your mortgage advisor to find out how you can access your home equity to cover any of your life's needs.

  • What do I do if I can't afford my mortgage payment anymore?

    The first thing you should do in the event that you can't afford your mortgage payments anymore is reach out to your lender. An experienced mortgage advisor can help you find options, such as refinancing or restructuring your loan, to help you keep up with your payments. Always reach out to your lender to ensure that you can keep up with your payments and stay in your home.

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"Our mission is to provide financing solutions that positively impact lives and make a difference in the communities where we lend."

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prosperity
michael.mento@phmloans.com
michael.mento@phmloans.com
michael.mento@phmloans.com
Ocean City
michael.mento@phmloans.com
1644440684524367
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What is your phone number?
By entering your contact information, you are providing express written consent for Prosperity Home Mortgage Corporation to contact you at the email and number you provided via telephone, mobile device, automated means like autodialing, text SMS/MMS and pre-recorded messages, even if you are registered on a corporate, state, or federal Do Not Call list. You are also acknowledging and agreeing to our terms of service and privacy policy. Consent is not required to use our services.
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Michael Mento
michael.mento@phmloans.com
609-839-1203
422717