Florida Mortgage : Learning Center

I made the decision this morning to promote lower Florida mortgage fixed rate availability, by offering 30 year fixed rate conventional mortgages with a 1% origination fee.  For over 13 year we have provided conventional fixed rate mortgages to future home buyers or Florida home owners with no discount points and no origination fees.  Florida mortgage pricing has altered the recovery period calculations to consider when paying the mortgage professional directly and receiving a lower fixed rate mortgage.

When paying a 1% fee for Florida conventional mortgage loans, the interest rate offered is typically reduced by .25%.  The recovery periods usually run about 60 to 66 months.  But today’s pricing in this mortgage market mess can provide better recovery periods.  As I mentioned in an earlier post, a 30 year fixed mortgage interest rate can improve by .50% which drops the recovery periods to anywhere from 32 to 38 months. 

Remember to ask for 2 Good Faith Estimates from your local Florida Mortgage Professional.  One should include the lowest fixed rate without origination fees or discount points.  The other should provide an even lower fixed rate by simply paying a 1% origination fee.  Comparing these scenarios allows you, the borrower, to choose some of the best Florida mortgage financing today.  For free Good Faith Estimates please call our office at 888.399.0520 or contact us directly at BEECHTREEMORTGAGE.COM.

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