Mortgages in Florida : Nowadays, many mortgage customers have the perception that it is difficult to get a mortgage loan in Florida and that Banks are unwilling to lend. To a certain extent this is true in that the minimum credit score has been raised from 580 to 660, but banks are looking for business!
In my opinion our current lack of lending is due to less qualified candidates available. High unemployment and problem credit have disqualified many borrowers. It is my job to put you on a path to home ownership whether it takes 30 days, 90 days, one year or even two years. Yes, I have coached customers for two years before they purchased their first home.
I still have our bread and butter Fannie Mae and FHA Mortgage programs as well a host of others.
Also, I do want to point out that I still have alternative mortgage programs for customers with marginal credit that will allow you to purchase that home or refinance that monthly mortgage payment into something that is more manageable for the family.
My Daily Interest Rate Advisorywill give you a daily explanation of what is happening with interest rates and where they are expected to go.
Please feel free to ask any mortgage questions that you like. There is no cost or obligation and no question is out of bounds
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Much of what has changed since the free wheeling days of mortgage lending is compliance. The disclosing of the paperwork and the locking of the interest rate is a little more involved now but just about all of these safeguards have been added to increase protection for the consumer.
Home prices in Florida are 50% of what they were 5 years ago, so in my opinion it seems like a good time to buy. Broward County is reporting record activity. (again)
- It is always my goal to leave you so happy with the service you have received, that you will be more than happy to refer friends, family and co-workers as you go through life.
