One of the top priorities when buying or refinancing a home is finding a competitive interest rate. Whatever your individual circumstances, it pays to work with the right Florida mortgage brokers rather than a big box financing company or direct lender. The following is a list of several ways that Florida State Mortgage Group, Inc. can help you lock in an affordable interest rate:
Mortgage Brokers Can Locate The Best Interest Rates For You
- WE do the shopping for you – the most important difference between a direct lender and a mortgage broker is that a direct lender offers a single source of funding. In other words, they’re just one lender. As mortgage brokers, we partner with an expansive network of numerous lenders. When it comes to buying a home or refinancing one, the advantage of working with a mortgage broker is that we can search that entire network and avoid having to call each lender individually.
- WE offer an extensive range of mortgage products – another one of the keys to finding the most competitive interest rate is that we can help you apply for a mortgage product that best suits your situation. For example, if you’re a first-time home buyer and you don’t have a great credit score, you could apply for a conventional home loan. However, we might be able to find you a better rate by looking at government-backed programs such as FHA, USDA, or VA.
- WE take the time to listen and understand your financial situation – no two home buyers enter the process with the same scenario. There will be certain advantages and disadvantages. As a home buyer, you’re probably aware of the negatives on your borrower’s profile. Maybe it’s credit score issues or your ability to make a sizeable down payment. You may be so focused on the negatives that you could overlook or are unaware what’s in your favor. Let us help you find the best in your situation.
- WE can provide professional advice before applying – although you might assume that your credit score, DTI ratio, and income are the most important factors to worry about. However, it’s often more dynamic than that. If you still have time, you might be able to make some significant changes such as correcting errors in your credit report or raising your credit score. Since we take a more personalized approach, we’ll put in the time and effort needed to help you find the best rate.
Contact Your Mortgage Expert Today!
Why not let Florida State Mortgage Group, Inc. help you find the best rate. Our experts are available to take your call and will help you get the best assistance. Call us today at (954) 359-3000.