Florida Mortgage : Learning Center

I truly believe that mortgage brokers, bankers, and lenders should have a fiduciary responsibility to their clients, especially concerning first time home buyers.  It makes sense that the person who is assisting with your long term mortgage financing needs is placing your best interest ahead of their financial gain.

There are great rewards that come with huge responsibilities when working in the mortgage finance industry.  In fact, with respect to financial rewards, there are two kinds of people that get into this business.  There are those who are in it solely for the money.  They charge as much as they can in origination fees, discount points, application fees, etc.  Some even change numbers at closing to make even more money.  Fortunately, these mortgage misers are now leaving the business because the mortgage market has slowed down.  They have made as much as they can from uninformed first time buyers and others and have earned no referral business.  These mortgage misfits usually show up in the mortgage industry when rates are falling and everyone wants to refinance. 

There are others however; Mortgage Professionals, ones who joined the myriad of mortgage complexities with hopes of gaining their rewards with long term relationships from first time home buyers and their almost infinite referrals.  They are always working to develop stable financial careers by placing the needs of first time buyers first.  They not only provide reduced cost mortgages, they have earned repeat and referral business lasting a lifetime by simply ensuring that their clients understand every aspect of their particular first time mortgage program. 

Mortgage brokers, bankers, and lenders, should shoulder the responsibility of educating the consumer, especially the first time home buyer, with as much information as possible.  Only with this information can a consumer make a well informed decision regarding their mortgage financing choices.  Of course if you are buying in Florida I hope you add me to your list of trusted mortgage professionals.  My name is Stephen Thaggard and I’ve been helping first time home buyers for over 11 years.  Please contact me at my company web address www.beechtreemortgage.com or call 888-399-0520.

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