While the Mortgage Reform and Anti Predatory Lending Act of 2007 cruises through Congress; I want every Florida new home buyer to know how to separate a Florida mortgage professional from others. When you seek our new Florida mortgage, whether to refinance an existing Florida home loan or to purchase your first dream home, there are signs to watch for that ensures you are working with a reputable professional mortgage broker.

These include shopping for an experienced Florida loan originator or mortgage consultant. Without the Florida mortgage experience, you may not be able to take advantage of mortgage solutions which could save you thousands in long term interest. Or worse, get into a mortgage rogram that really didn’t suit your specific mortgage related needs.

Also, the mortgage professional will ask many questions to enable any Florida home owner to-be, to better understand and choose the mortgage program or programs that work best in any given scenario. You should receive your Good Faith Estimate and/or at least learn of the mortgage company or banks upfront costs. You should know the total dollar amount that the mortgage company or bank will earn. Just ask them.

And of course ask about the guarantee of the quoted interest rate with a lock-in commitment. If all else fails ask for referrals. The mortgage professionals that are still in business today are there because of their extended referral base over several years. If you have more Florida mortgage related questions, please call our office at 888-399-0520; or email info@beechtreemortgage.com.

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