Financing Your Home in Florida
Financing your home in Florida can be more confusing than selecting a home to buy.
Here are some basic rules that will keep your home buying negotiation position strong and your home financing options clear.
Before you begin viewing homes for sale, start with these three steps for financing your home in Florida:
1. Get pre-qualified with a good mortgage lender
In order to decide on your home buying budget for financing your home in Florida. There are many different Home Loan programs with various interest rates, different levels of scrutiny and down payment required. Home Loan terms will vary depending upon the amount financed and even what type of property you are purchasing.
2.Do not compare your mortgage interest rate with what your friend got.
Financing your home in Florida is different from other states and different from anyone else’s mortgage. Your Home buying financial profile is as individual as your fingerprints…no two borrowers are alike. The type of Home Loan options you qualify for will depend mainly upon your credit score, down payment, income to debt ratios, job stability and secondary assets.
3. Stay off the internet to shop for a Home Loan!
Financing your home in Florida needs to be done locally, within the state of Florida. There are many dishonest lurkers waiting to take advantage of unsuspecting borrowers who are drawn in by a miracle interest rate. Meanwhile they have gathered all your confidential information, and dozens of people you don’t know may pull your credit…yes, even without your permission…you could be stuck with home loan terms that you did not agree to or no loan at all. There are also professional scammers who operate with cell phones on another continent that are interested only in stealing your identity.
Be smart when financing your home in Florida with a Florida Mortgage Broker that you know or who has been personally recommended to you.
Buyers Broker of Florida works closely with the best mortgage consultants in the business, so start here by contacting Eric Intihar of Fairway Independent Mortgage, for a no cost honest financial evaluation. He is familiar with all the various loan programs offered for financing your home in Florida and knows which options will fit you the best and save you money. He can be reached on his cell at 954-448-9829.