Florida Mortgage : Learning Center

These are trying times in the Florida mortgage markets.  Florida homeowners considering to refinance their existing mortgages are calling several mortgage professionals for assistance.  But which mortgage professional is looking out for your best interests?  Remember, there are several signs to signal you are working with an ethical Florida mortgage professional.

The first difference you’ll notice with speaking with the right Florida mortgage professional is the specific questions he or she is asking prior to even taking your mortgage application.  Mortgage professionals will and must inquire about your current financial status and plans that you have for the near future. 

Second; you can ask questions that many consumers are simply not used to asking.  Ask for a Good Faith Estimate and what guarantees are there to avoid any lender fee increases prior to closing.  Ask what and how much are their fees and how those fees are paid.  Ask if these fees, again, are guaranteed not to increase.  Transparency is everything with respect to Florida mortgage lending.  The key for borrowers is listening to the answers to these questions and drawing your own conclusions.  Mortgage brokers that either can’t answer these questions; or worse, direct you towards one particular mortgage loan program only, should be avoided.  If you have questions about when to refinance or which mortgage program to consider when purchasing your new Florida home; call our office, 888.399.0520.

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