As interest rates dropped yesterday the phones would not stop ringing.  The Florida mortgage 30 year fixed rate dropped under 5% yesterday and was available for those seeking a no discount point and no origination fee fixed rate mortgage refinance.  In this rapid refinance rush, consider the following tips to secure the best financing available with a new very low fixed mortgage rate.

• Contact an experienced Florida Mortgage Professional.  Ask friends for recommendations.
• Be able to provide estimated credit score; estimated home value, and mortgage balances.
• Ask for an upfront Good Faith Estimate in writing.
• Ask for today’s fixed rate without discount points or origination fees.
• Check to see if they charge an application fee.
• Ask how and what total amount they expect to earn from fees and/or yield spread premiums.
• Always double check the Better Business Bureau for more information.

Once you find your favorite trusted Florida Mortgage Professional and are provided with a lower fixed rate mortgage program that makes sense; lock-in your interest rate immediately.  Interest rates have never been this low, ever.  For immediate refinance consideration and upfront Good Faith Estimates please feel free to contact me directly at steve@beechtreemortgage.com.

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