Florida Mortgage Broker - Mike Steele

  10 Benefits of Using a Mortgage Broker for Home Loans I am a Florida based mortgage broker . I work for YOU , not the lender . I work with over 100 different wholesale lenders to get you the best deal available . We are talking about money! We all have the same money, its a matter of how much are YOU willing to pay for the use of that money. We are not selling Art work - that would have a different cost depending on the artist😉 Home loans should not cost more, just because you are working with a "preferred lender" or an "in house lender". This is your HOME and YOU deserve the best deal with the lowest cost - PERIOD - FULL STOP! Here are just a few reasons to use a broker for your next home loan - and if you are in Florida - I am ready to walk you through the process to get you the best deal on your mortgage. 1. Access to Multiple Lenders : Mortgage brokers work with a variety of lenders, which can provide borrowers with access to a broader range of loa...

I t's crucial for buyers to understand the intricate process of choosing the right interest rate for their home loan. With the ever-changing mortgage landscape, especially in 2024, understanding the key factors that influence interest rates and the different options available can empower homebuyers to make informed decisions. Let's delve into various aspects of selecting an ideal interest rate for a home loan. Understanding Mortgage Interest Rate s Fixed-Rate vs. Adjustable-Rate Mortgages Fixed-Rate Mortgage : Offers a consistent interest rate and monthly payments over the life of the loan. Ideal for those planning long-term homeownership. Adjustable-Rate Mortgage (ARM) : Starts with a lower interest rate that can change over time based on market conditions. Suitable for those who plan to move or refinance in a few years. Factors Influencing Mortgage Rates Credit Score : Higher credit scores can lead to better interest rates. Down Payment : A larger down payment can reduce int...