Florida Mortgage : Learning Center

For over a decade we have been ridiculed about our upfront Florida mortgage philosophy.  Detailing, to consumers, how we get paid and it’s direct affect on interest rate and/or closing costs is standard operating procedure here at BeechTree Mortgage, Inc. 

Whether you are getting your Florida mortgage from a mortgage lender, broker or banker; there are things you should know and ask.  First, since the interest rate affects their income or profit; ask how much they will earn in disclosed yield spread premiums (mortgage brokers) or undisclosed service release premiums (banks).  Second, ask for an upfront Good Faith Estimate to get a visual on how much it will costs you to obtain their fixed Florida mortgage interest rate.  The devil is in the details.  If you can’t get an upfront estimate without paying hundreds of dollars; call our office in Cocoa Beach – the estimates are free and accurate.

Personnaly, I have been accused, by other Florida mortgage proefssionals of providing too much information to the consumer!  Imagine?  Being transparent and upfront seems to be an issue for many in the Florida mortgage arena.  There is fun for us upfront Florida Mortgage Pros.  Federal disclosures are on the way and pretty soon everyone will have to express upfront and in LARGE FONT; exactly how much they will earn on any given Good Faith Estimate.  Fun for us because we have always done that for our clients.  Not so much fun for the “let’s keep everything a secret”  Florida mortgage brokers.

Hang on because this ride is just beginning as new structured Florida mortgage disclosures are just around the corner.  For more information on disclosures updates or to simply get your upfront Good Faith Estimate call our office at 888.399.0520.

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