Rick Salerno

Rick has been in the mortgage industry since 1999. He has a passion for providing exceptional customer service and he takes time to understand his clients’ needs in order to find the best mortgage solution.

From first-time home-buyers to investors to homebuilders, he treats each transaction as if it were his own, always keeping his clients’ best interest as his top priority. He has been recognized as a nominee for the Shared Success Excellence Award for exceptional customer service and was a recipient of the President’s Club Award multiple years for mortgage production. Additionally, he has had the experience of managing a successful team of loan originators which created an exceptional reputation amongst the real estate community.

Rick graduated Magna Cum Laude from The Florida State University with a Bachelor of Arts in Criminal Justice and in Business Administration Studies. He is also a D1 Athletic Scholarship recipient.

In his free time he enjoys cross-fit, the beach, spending quality time with his family, and everything else Florida has to offer. Without hesitation, when asked what he enjoys the most in his career? His immediate response is, “the joy my clients get when they close on their home and their complete SATISFACTION”.

Branch Manager/Loan Officer
NMLS # 1056663
(954) 993-4500
Rick@MortgageRight.com

Please note: You will be taken to an application page that will require you to create an account if you have not created one already.

Mortgage Loan Options

CONVENTIONAL MORTGAGE LOANS

Conventional loans are not insured by a government agency
Require a minimum 3% down payment
There are a variety of fixed and adjustable rate conventional loans to choose from
Generally carry strict guidelines on credit scores, loan to value ratios, debt to income and down payments
Interest rate varies based on credit score and loan term
Offers 10, 15, 20, 25, 30 and 40 year repayment terms

FHA MORTGAGE LOANS

Great for first-time buyers and buyers with lower credit scores
FHA loans are not restricted to first-time home buyers or low-income buyers
Easier requirements for income and credit score
Minimum down payment 3.5% and lower closing costs
Mortgage Insurance may be less costly than private mortgage insurance (PMI)
Seller can contribute up to 6% of selling price to cover closing costs

USDA MORTGAGE LOAN

Special financing in USDA defined areas
Flexible credit guidelines and qualifying criteria
Lower than market interest rate
No down payment required
Closing costs can be seller-paid or rolled into the loan
Lower monthly private mortgage insurance (PMI)
Ability to finance upfront PMI

VA MORTGAGE LOAN

Eligible for Veterans who have or are actively serving in the military and surviving spouses of Veterans
Qualify with suitable credit, adequate income and valid Certificate of Eligibility
Borrow up to 100% with no money down and no mortgage insurance requirement
Veterans can refinance through the IRRRL (streamline refinance)
Can include cost of remodeling up to 103.15% appraised value
Offers 10, 15, 20, 25, 30 and 40 year repayment terms

JUMBO MORTGAGE LOAN

Financing for high-priced and luxury homes
Good option for self-employed buyers
Available for primary residences, second homes and investment properties
Flexible down payment minimum of 5% on loans up to $2 million
Mortgage insurance is not required
Jumbo cash out refinances up to 95% loan to value with no mortgage insurance

REVERSE MORTGAGE LOAN

Borrower remains the owner of the home
Can stay in your home without ever making another monthly mortgage payment
With a Reverse Mortgage, the borrower receives funds payable when the last borrower leaves
Borrowers must occupy the property as their principal residence
Protection against a declining housing market

The Benefits Of Refinancing

If you are looking for a lower rate to ease cash flow or a shorter term to get your mortgage paid off sooner, we can help you make the RIGHT decision.

Getting a new mortgage to replace the original is called refinancing. This process allows the borrower an opportunity to obtain a different interest term and/or rate. The first loan is paid off, then the newly refinanced loan goes into effect.

It is common for people to refinance when they have equity in their home, which is the difference between the amount owed on their mortgage and the appraised value of the home. In that situation, the borrower has an option to “cash-out” (hence the term cash-out refinance) the value of their home equity allowing them to remodel their home, consolidate debt, pay for college, or other expenses.

Remodel / Renovation

Lifestyle Upgrades

New Start-Up Business

New Baby on board / Adoption expense

Debt Consolidation

Education expense

significant Home damage

When she says 'yes'

Get Started Today!

WHAT CLIENTS ARE SAYING

Mr. Rick Salerno is a seasoned professional and went above and beyond his call of duty. He is very professional and experienced. He is available to answer any questions and explain and clarify any doubt I had. He guided me they the whole process in a systematic and easy to understand manner. I felt confident at all times and never doubted his ability to find my the best deal. I am extremely satisfied from the beginning to the end. We finalized the process and successfully closed the loan. I highly recommend him and his staff.

"I'm a local realtor in the South Florida market and Rick is the best mortgage broker in the industry right now. If you want to get the deals closed, send them to Rick!!!"

“Rick is very professional, helpful, and understanding. He guided me to the right path, kept me informed, and was diligent all through the process. He was prompt with his response and answered every inquiry I had. I was very please with his service and would strongly recommend. He is a person of integrity and someone I trust dearly. For sure the best experience I ever had in getting a mortgage. Thank you Rick for everything you do! ”

“If you're in the market to refinance, purchase, or even ask a question this is the guy that is going to get done! No questions asked. This is the second house I have purchased and my 2nd closing, I have to tell you everything went smooth he is extremely professional, knowledgeable, timely, the list can go on and on!! Rick my family thanks you for all your help and hope to do business with you in the near future. P.S. I am sending all my people your way!! Take care best wishes.”