The Florida mortgage professional that asks several financial questions is trying to learn more about his client and their future financial plans.  Only armed with this information can he or she act in your interest to find the right mortgage program that suits your specific needs. 

I had a previous client refer a colleague while she considered how to refinance out of her soon-to-adjust ARM mortgage.  Anxiety must have been very high as she thought her loan was becoming due and payable within one month.  So she had to refinance now; right?  After speaking and asking pertinent questions, we learned when her loan isn’t a balloon mortgage and when the rate adjusts, her interest rate and payment is going to drop for the next 12 months.  We explained how to follow the LIBOR index to pre-calculate her new payment and rate due to change again next year.

Although she should consider refinancing and taking advantage of today’s low fixed rates; she now has time to consider when to refinance.  The stress she endured the past few months should never have been there.  You know when you are speaking with the right Florida mortgage profesisonal; when he or she places your best interest ahead of their pay.  If you need sound Florida mortgage advice, call our office 888.399.0520.

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