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Mortgage Broker Fort Lauderdale FL | Florida State Mortgage Group, Inc.

Florida State Mortgage Group, Inc. are mortgage brokers in Fort Lauderdale, offering a comprehensive selection of loan options. Call us at (954) 359-3000.

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Call us for a FREE Consultation

(954) 359-3000

  • About
    • About
    • Living in Fort Lauderdale
  • Loan Options
    • Loan Options
    • VA
    • FHA
    • Conventional
    • Jumbo
    • First Time Home Buyer
    • Self Employed
    • Condominium Mortgages
    • Mortgage Credit Certificate
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  • Refinance
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4 Ways a Mortgage Broker can find You the best Interest Rates

January 4, 2023 by Stephen McWillam

Mortgage Broker in Fort Lauderdale Florida

If you’re thinking about buying a home or refinancing your current one, one of the most important priorities is finding the best interest rate. Usually, it helps to have a high credit score as that would qualify as low risk borrower and you get lower interest rates.  Whatever your circumstances, it’s always a good idea to work with a mortgage broker in your local area rather than a bank of direct lender.  There are 4 ways that a local area mortgage broker can save you time and money when shopping for the best interest rates:

How To Discover The Best Interest Rates With The Help of a Mortgage Broker

  1. They can do the shopping for you – the primary difference between a bank or direct lender and a mortgage broker is that a mortgage broker deals or partners with a large network of lenders whereas a lender is only a single entity.  Plus, a mortgage broker can search that network so you don’t have to call each individual lender.  Furthermore, the right mortgage broker has built strong relationships with numerous lenders and in so doing, can access special discounts on interest rates as well.
  2. They can offer a broad range of mortgage products – another reason that mortgage brokers can find the best interest rates is because they shop for the most competitive home loan rates on a daily basis.  For example, if you’re buying your first home but don’t have a high credit score, a mortgage broker can find more affordable rates with an FHA, USDA, or VA loan rather than a conventional loan.  Conversely, lenders are limited with the number of mortgage products they can offer.
  3. They can offer personalized advice and suggestions – when applying for a home loan, you might assume that nothing can be done with respect to your credit score, DTI, or income.  However, your circumstances may be more dynamic than you think.  If you’re still weeks or months away from buying a home, you might be able to make some beneficial changes, such as improving your credit score.
  4. They can take the time needed to understand your circumstances – every borrower is different and has their own unique set of circumstances that include advantages and disadvantages.  For instance, there could be issues with your ability to afford a larger down payment or your credit score.  However, this might cause you to overlook what your other strengths.  Direct lenders might overlook these strengths as well whereas mortgage brokers will dig through that profile and uncover other strengths.

Get In Touch With Your Trusted Mortgage Specialist

For more information about finding the best interest rates for a home loan, call Florida State Mortgage Group, Inc. today at (954) 359-3000.

Filed Under: Mortgage Broker Tagged With: Florida, Fort Lauderdale, Tips To Find The Best Mortgage Broker

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Fort Lauderdale's Top-Rated Mortgage Company

Florida State Mortgage Group, Inc. is located on 1512 E Broward Blvd #204A, Fort Lauderdale. From Fort Lauderdale-Hollywood International Airport (FLL) head northwest toward Terminal Dr/Upper Terminal Dr and use the right 2 lanes to turn slightly right onto Terminal Dr/Upper Terminal Dr. Then use the left lane to keep right at the fork and follow signs for Departures and use the left lane to continue toward US-1 N. Next, keep left at the fork, follow signs for US-1 N/Ft Lauderdale and merge onto US-1 N. After that merge onto US-1 N and keep left to stay on US-1 N. Finally, turn right onto E Broward Blvd and Florida State Mortgage Group, Inc. will be on your right.

We are open Monday - Friday 9am - 6pm, Saturday - Sunday 10am - 4pm.

For additional questions you can call us at (954) 359-3000 or you can find us on Yelp and Birdeye.

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Florida State Mortgage Group, Inc.
1512 E Broward Blvd #204A
Fort Lauderdale, FL 33301
Phone: (954) 359-3000
Fax: 954-449-0283
NMLS# 393326
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Florida State Mortgage Group, Inc, Mortgage Broker, Fort Lauderdale, FL
Equal Housing Lender

Florida State Mortgage Group, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

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