Florida Mortgage Professionals provide a larger role to the Florida home buyer than simply providing consumer requested mortgage programs, interest rate quotes and Good Faith Estimates.  I beleive our responsibility includes educating home buyers with current mortgage program details which will enable better program selection specific to each buyer.  Disclose details upfront followed by written disclosures, of course.

Let’s talk about the easy stuff.  Providing low fixed interest rates and very competitive closing costs is simple.  One thing every bank and Florida Mortgage Professional knows is that your interest rate is directly proportional to their income or profit.  And of, course, closing costs may include specific fees that also contribute towards profit.  Ask your Florida Mortgage Professional or bank, how much their company will earn and you’ll find some companies muffle their answers, while others are completely upfront.

The problem from my prespective, with over 13 years experience, is some bank loan officers and Florida mortgage consultants don’t disclose enough information upfront, prior to closing.  Written disclosures at application or closing is required but should’nt home buyers already know what they will be signing – specific to the mortgage program?  Florida home buyers should know all mortgage program realted information upfront.

If you need upfront Florida mortgage advice, please feel free to contact one of our experienced Florida Mortgage Professionals at 888.399.0520.

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