Fixed Rate Mortgage Loans Florida
If you are in Need of a Fannie Mae orFreddie Mac Conventional Mortgage,You have come to the right place.Preston WareMortgage Banker(561) 329-0075In the past, conventional financing was designed for good to excellent borrowers who were intending on putting 20% down to get a great rate and also avoid mortgage insurance at the same time. Nowadays we have other higher loan to value programs that are still giving a great rate with low rates on mortgage insurance. When a borrower has some money to put down on the transaction, most loan searches start with these Fannie Mae or Freddie Mac alternatives. These borrowers typically select a 30 year fixed rate loan with no pre-payment penalties.
Special Note about Condos: Many lenders see a risk factor due to higher default rates and issues with poorly run homeowner associations. Most sources require 25% down if you are considering a condominium.
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