Florida Mortgage Broker - Mike Steele

Saving money on your Mortgage in 2024 In the quest to secure the dream of homeownership while ensuring financial wellness in Florida, there are several strategies borrowers can employ to minimize interest rates, closing costs, and the overall cost of a home in 2024. Navigating these costs effectively requires a blend of negotiation skills, knowledge of available mortgage products, and an understanding of timing in the mortgage process. Here are some actionable tips and insights to guide you: 🏦 Lowering Closing Costs Closing costs, the fees associated with finalizing a mortgage, can significantly impact your overall home purchase expenses. They typically range from 2% to 6% of the loan amount. Here are strategies to minimize these costs: Compare Loan Estimates : Before settling on a lender, request Loan Estimates from multiple lenders to compare closing costs and lender fees. This document outlines your loan terms, projected monthly payments, and closing costs. Comparing these estima...