Real Estate Today: Best Mortgage Interest Rates in Florida (Part 3 of 3) – Koolik Group Realty Video
http://www.koolik.com In this episode of Real Estate Today with Elliot Koolik of Koolik Group Realty, we will join Neil Stein, Senior mortgage consultant, of WCS Lending in discussing how to get the best mortgage interest rates in Florida. Market conditions and transitions can affect which are the lowest mortgage rates avaliable. A mortgage consultant is familiar with these conditions and changes in the market and will give you finance options for you to choose from. If you just walk into a bank, you are responsible for all paperwork and loan materials and will be offered little help or loan modification options. If you currently have a loan from a bank and you have locked your rate, the bank will not allow you to modify your loan in the event that the rate drops. Hiring a mortgage consultant will ensure that you get the lowest mortgage rates avaliable, even if you have locked your rate with a bank. The mortgage consultant will ship the loans for you and fill out any paperwork. The mortgage consultant will also estimate any fees outside of closing, including the good faith estimate and per diem interest due at closing. Mortgage consultants can also lower the interest rate of a loan with “points,” used to buy down mortgage rates. The best mortgage consultants in Florida will also help the borrower get Homeowner’s insurance at a reasonable deductable. Florida requires 12 months of homeowners insurance in advance before the lender will close on the loan. Mortgage consultants will guide you through the process of getting a loan and will get you the best mortgage interest rate that is right for your needs.
Duration : 0:9:45
[youtube qwU4GwF1jA4]