Florida Mortgage Broker

  Mortgage & Home Loan FAQs for SW Florida   1. Should I wait for interest rates to drop further in 2026 before buying? Answer: This is the most common question I get. While we are seeing rates stabilize compared to previous years, trying to "time the market" is risky. In Southwest Florida , inventory is currently healthy, meaning you have more negotiation power now —sellers are often willing to cover closing costs or buy down your rate. If you wait for a sharp rate drop, buyer competition will likely skyrocket, driving home prices up and erasing your savings. You can always refinance later if rates dip , but you can’t lock in today’s home price tomorrow. 2. Why is it harder to get a condo loan in Florida right now? (The "Milestone Inspection" Rule) Answer: Florida’s new condo safety laws ( Structural Integrity Reserve Studies ) fully took effect in 2025. Lenders now require condo associations to prove they have fully funded reserves for major repai...

Saving money on your Mortgage Saving Money on Your Loan 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. Co...