Florida Mortgage Lender Blog & Real Estate News

Shopping for a mortgage is as important as shopping for a Orlando home to buy. It’s the only way to get the best interest rate and terms with a lender you trust. Take your time, do your research, and you’ll have peace of mind knowing that you found the mortgage that meets your needs.

Here are six tips to help you find the best mortgage to use to purchase your Orlando home:

1. Find a lender you like and trust. Ask your friends, neighbors, co-workers, and most importantly, your real estate agent for names of lenders they admire and enjoy working with. You want to find one who is knowledgeable about the mortgage industry, will answer all your questions and can talk with you about loans in a way you understand.

2. Explore your options. There is a wide-variety of loans for Orlando homes. Talk with your lender to make sure you understand the pros and cons of the loans and which one works best for your circumstances.

3. Get a low interest rate. One-tenth of a point can make a big difference in a 30-year loan and save you thousands of dollars over the lifetime of the mortgage.

4. Identify fees and negotiate them down. The lender is required to give you a good-faith estimate which includes an itemized list of all costs associated with the loan. If there are any fees you don’t understand, ask your lender to explain them thoroughly. Ask for fees you believe are too high to be eliminated or reduced.

5. Find out if there are any penalties. Ask if there are any penalties for anything on the loan you’re considering. Do not get a loan with a pre-payment penalty. A few loans have pre-payment penalties even if you pay it off early because you’re moving or refinancing.

6. Lock in your interest rate. Most interest rates lock in for 30 to 90 days. Make sure you have plenty of time to find your home, get the inspections done, and complete closing before the locked-in rate expires.

Posted by Real Estate - Associates on March 3rd, 2011 8:30 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Orlando Homes for Sale image

Orlando Home Valuation image

Orlando Short Sales Foreclosure image

Access Florida Mortgages: We search Florida mortgage lenders to find the right Florida mortgage rates and best program for you. We find loans to purchase or refinance a house, debt consolidation, home improvement, 2nd mortgages, investment & commercial properties. Giving you peace of mind during the loan search process by doing all the legwork for you.

Florida Short Sale Center & Orlando Short Sale Center: offer homeowners a way to avoid foreclosure with a short sale and help save their credit.  We have a team of licensed Realtors and loss miitigation experts accross the entire state of florida who specialize in pre-foreclosures and the short sale of all types of property.

Florida Mortgage Loans & Programs Offered: New Home Purchases – First Time Home Buyer – Interest Only Loans – Second Mortgages – Jumbo Loans – Home Equity Loans – No Money Down Mortgages – Cash Out Refinancing – Debt Consolidation – Mortgage Refinancing – Home Improvement Loans – Home Loan Refinance – FHA Loans – Bad Credit Mortgage – Variable Mortgages – Commercial Mortgage – Home Mortgages – First Mortgages – Reverse Mortgage – No Documentation Loans – Low Documentation Loans – Foreign National Loans – Condo Hotel Loans – Investment Property Loans.

Florida Mortgage Statewide Metro Service Areas: Cape Coral – Fort Myers, Deltona – Daytona Beach – Ormond Beach, Fort Walton Beach – Crestview – Destin, Gainesville, Homosassa Springs, Jacksonville, Key West – Marathon, Lake City, Lakeland, Miami – Fort Lauderdale – Miami Beach, Naples – Marco Island, Ocala, Okeechobee, Orlando – Kissimmee, Palatka, Palm Bay – Melbourne - Titusville, Palm Coast, Panama City – Lynn Haven, Pensacola – Ferry Pass – Brent, Port St. Lucie – Fort Piece, Punta Gorda, Sarasota – Bradenton – Venice, Sebring, Tallahassee, Tampa – St. Petersburg – Clearwater, The Villages, Vero Beach, Wauchula


Access Florida Mortgages PO Box 692526 Orlando, FL 32869-2526
Phone: Fax:

Tell a Friend | Home | Our Blog

Copyright © 2012 Access Florida Mortgages
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map