Atlantic Mortgage has been serving Brevard County home buyers since 1989. We take pride in our reputation as a no hassle lender you can trust. With a friendly staff of experienced loan officers, we have financing solutions that are just a phone call away. See why Florida Today readers have voted us "Best of Brevard".
A native Floridian from a time when native Floridians were rare, Dan Overstreet grew up in Brevard County. Like so many Brevard County families of the "Space Race" era, Dan's father was employed by NASA at Cape Canaveral. He has a passion for the area and knows the insides and outs of the mortgage business.
A native Floridian from a time when native Floridians were rare, Dan Overstreet grew up in Brevard County. Like so many Brevard County families of the "Space Race" era, Dan's father was employed by NASA at Cape Canaveral. He has a passion for the area and knows the insides and outs of the mortgage business.
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An adjustable rate mortgage (ARM) is a mortgage whose rate changes at some pre-determined interval. The interest rate will be based on the combination of an index and margin. The index is the current market rate such as US Treasury Bill, Prime Rate or London Inter-Bank Offer Rate (LIBOR). The margin is a premium added to the index.
A Fixed-rate mortgage is the most common mortgage for many homebuyers because the monthly payments are stable. The interest rate you lock-in will be the same interest rate you pay for the life of the loan. Inflation protection - If interest rates rise, your mortgage and your mortgage payment are fixed and won't be significantly affected.
Balloon mortgages have monthly mortgage payments based on a 30 year amortization schedule and you have a choice at the end of the specified term to either pay off the remaining balance or reset the mortgage. So, you have the advantage of a low monthly payment, like someone with a 30 year loan, but you must pay off the loan at the end of the specified term.
A second mortgage is a mortgage on real estate that has already been used as collateral against another mortgage (the first mortgage). Second mortgages typically have rights to the same real estate but those rights are subordinate to the rights of the primary or first mortgage. The amount of financing through a second mortgage is typically the difference between the total estimated values of the real estate minus the first mortgage.
Sometimes called a home equity conversion mortgage (HECM), a reverse mortgage is a special type of refinance mortgage enabling homeowners age 62 or older to tap the equity in their homes. Disbursements from a reverse mortgage may be a lump sum or, a stream of regular payments. Unlike traditional home equity loans, no repayment of the reverse mortgage is required until you no longer occupy the home as your principal residence.
Reviews (8)
Donna Meehan
Nov 24, 2021
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Positive: Professionalism, Quality, Responsiveness, Value
We have been doing business with Dan Overstreet for 26 years. He came highly recommended to us and we never hesitate to recommend Atlantic Mortgage to our friends and family members. Dan Overstreet is professional, knowledgable, and easy to work with. His team is outstanding, accessible and responsive to questions.
We have been doing business with Dan Overstreet for 26 years. He came highly recommended to us and we never hesitate to recommend Atlantic Mortgage to our friends and family members. Dan Overstreet is professional, knowledgable, and easy to work with. His team is outstanding, accessible and responsive to questions.
Tammy Flynn
Dec 29, 2020
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Jax Ferrante
Nov 15, 2020
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Richard Lemon
Aug 22, 2020
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I have worked with Atlantic Morgtgsge for over 20 years now both personally and professionally. I can even tell you how many loans I’ve referred to Dan Overstreet and I have never heard of one bad review back to me, and as a Real Estate Broker, having that peace of mind mean so much. I would And have highly recommend Dan and Atlantic Mortgage to all of my Friends, family and clients.
Kala Knowles
Dec 26, 2019
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Beware...these people are crooks. Dishonest and untrustworthy. And you are the company I'm reviewing. They bought my mortgage never sent me notice, when I found out 8 months Maybe 9 months later, they refused my payment and 7 months later they are trying to foreclose on me. They returned a payment I sent to them after they refused to take my payment at their office.
Gini Hancock Moore
Jan 02, 2019
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Good experience at first. Ended up going south.
Edit: this is the correct company. I believe heavily in Google reviews and wouldn't leave a one star rating on the wrong companies page. I will also note that I did not deal with this company from a mortgage standpoint. I rented one of their foreclosures, so I can not advise an opinion on their mortgage handlings.
Edit: this is the correct company. I believe heavily in Google reviews and wouldn't leave a one star rating on the wrong companies page. I will also note that I did not deal with this company from a mortgage standpoint. I rented one of their foreclosures, so I can not advise an opinion on their mortgage handlings.
Tina Tina
Sep 14, 2017
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We have done two different mortgages with AMS over the past couple of years and they are so great to work with. We were with a local credit union who was terrible, then our realtor recommended AMS. Atlantic Mortgage made the loan process so much easier, they communicate throughout the escrow, have so much integrity and are very knowledgeable, having been in business in the same community for over 25 years. It's been a pleasure working with them! We have recommended them to others and everyone has been very pleased!
Haley Thompson
May 04, 2015
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We used Atlantic Mortgage Services when we bought our home last June. Buying a home can be a wonderful and quite stressful time. Atlantic Mortgage took care of it all for us! From the day our loan was approved, to the day we closed on our house, everything ran very smoothly.The staff was always very friendly, helpful, and quick to process our loan!
