I find it hard to believe that Florida home builders are still forcing Florida home buyers to use one specific mortgage company only.  These are deceptive practices that confuse home buyers, especially first timers, into making poor mortgage decisions.  Builders are taking away the opportunity for the Florida home buyer to research and locate the best mortgage financing program available to them, at very competitive interest rates.

We all know that today’s Real Estate market is a buyers paradise.  Builders and their owned mortgage companies shouldn’t still be making demands that coerce Florida home buyers into considering only one mortgage company.  Should they? 

Once they control and limit your mortgage opportunities; you lose.  No shopping around for a lower or better interest rate.  You are left with wondering “What if.”  What if you had looked into other available Florida mortgage programs?  

You may find that you could have saved thousands in long term interest. 

Unfair affiliated business arrangements have been an issue with NAMB, the National Association of Mortgag eBrokers and others for a long time.  In fact, in an article by nationally syndicated columnist Kenneth R. Harney, Federal Housing Commissioner, Brian D. Montgomery, commented on the recent “reports of consumers being forced – or feeling compelled to sign on with a builder’s mortgage company even when competing loan offers from unaffiliated brokers or banks were far superior.”

Thinking about buying a new home from a builder in Florida?  Make sure you know, that you can negotiate to receive the same “incentives” without the restriction of where to get your mortgage from.  This is America, isn’t it?  You are the buyer, you are in control.  Call me if you have any problems or simply want to compare their Good Faith Estimate with ours.  Safe shopping.

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