Florida Mortgage : Learning Center

Remember when shopping online for your next Florida mortgage; there are basic necessities each Florida home owner or first time buyer require to make sound mortgage loan decisions.  One of these is reviewing your upfront Good Faith Estimate.

Everyone in the banking and mortgage industry knows consumer focus is always on one thing, the interest rate.  Interest rate is very important, however, so are the costs associated with obtaining that interest rate.  Costs are what separates the upfront Florida mortgage professional from the small print con artists.  Well, that may be a little rough, but my point is simple. 

Florida mortgage prfoessionals will provide upfront Good Faith Estimates for you to compare with others while shopping online for your new Florida mortgage.  Interest rates must be compared only when you have written upfront Good Faith Estimates to review.  If  4.75% sounds like a great 30 year fixed rate; wouldn’t you like to know how much you are being charged for that rate?  Get it in writing! 

And remember when you are reviewing a Good Faith Estimate with discount points; always ask what the interest rate would be without paying discount points.  If you need someone to review your Good Faith Estimate; feel free to contact your local Florida Mortgage  Professional.  If you have a great rate at low costs, he or she will let you know.  Get it in writing – always.

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