When will I need to speak with a mortgage broker or my banker?

Pre-qualifying for a mortgage is one of the first steps to take as soon as you think you want to buy a home. Financing has dramatically changed in the past few years, and lenders are scrutinizing like never before. Occasionally, a home buyer cannot qualify to purchase within the budget they had in mind due to new prohibiting guidelines, so it is best to know what your financing options are and what you need to do to have the best chance at a low interest rate.

Before viewing properties with your personal Buyers Agent and submitting offers, it is best to secure a “Pre-Approval” letter from a FLORIDA lending institution and “Proof of Funds” if you are paying cash for the property. We can recommend an experienced mortgage broker who clearly understands lending practices in Florida.