Home buyers usually turn to the Internet searching for their first FL mortgage in hopes to obtain very low fixed rates.  Many first tome buyers focus on FL VA home loans, FL FHA mortgages or even USDA Rural Housing loans.  Whichever FL mortgage loan desired; first time buyers should watch out for too much junk!

Always contact a couple of experience FL Mortgage Professionals and get your Good Faith Estimates, GFE’s, upfront and in writing.  Interest rate is important but make sure you are also reviewing lender junk fees.  I have recently reviewed other lender estimates with junk fee costs over $1,300!  You can find these fees on the Line items numbered in the 800’s.  Watch out for too much junk.

Interest rate shopping will be much easier when comparing upfront Good Faith Estimates and reviewing the junk fees.  Get your estimates in writing and only work with experienced Mortgage Professionals.  Are you paying too much junk for your low FL fixed mortgage rate? 

Trackback URI | Comments RSS