There are a number of online mortgage comparison services that display a wide variety of mortgage rates from 1 year to 30 years, fixed rate loans, ARM's and a multitude of alternatives. But do not get too excited at the advertised rates as these Florida Mortgage are based on best case scenarios for clients with near perfect credit.
The choice of mortgages is huge but finding the one that works for you is where your mortgage broker proves their worth. A Florida mortgage broker will know which lenders are currently lending in which areas, on which type of homes, in which price bracket and with the best terms.
The help of a qualified Florida mortgage broker can save you thousands of dollars which you could use elsewhere.
Lending has been tight over the past 7 years but there are signs since 2014 of belt loosening. The lending criteria is changing on a continuous basis getting a mortgage is certainly not as easy as it once was but getting better. Interest rates may be floating at all-time lows, yet banks remain reluctant to lend monies without complete documentaions in place. In short if you know you have good credit and you can afford a second home you can get bought by one of our lenders.
We work with different lenders one to one assessment in order to ascertain your exact requirements prior to offering a mortgage solution.
We fianally have mortgages for our international clients including:
- Fixed Rate Mortgages
- Adjustable Rate Mortgages
- Residential Mortgages
- Second Home Mortgages
- Vacation Home Mortgages
- Investor Loans
There are currently a handful of options that offer 70% LTV to international clients.
Over 80% of our business comes directly from client referrals which in our opinion is as good as it gets. We look forward to welcoming you to our testimonials page in the near future
Contact us today and schedule your No fee assessment without obligation and allow us to assist you in making an informed financial decision that is right for you.
How do you compare Florida Mortgages?
In order to get a fair comparison between mortgages you need to segment the offers with like for like parameters. This can be tedious at best and a nightmare if you have no idea where to start.
You need to decide what is most important to you:
- The best interest rate
- The lowest overall interest expenses
- The lowest possible payment
- The term of the mortgage
- Will it be fixed rate mortgage (FRM), an adjustable rate mortgage (ARM) or an home equity loan (HELOC)?
- Will you be updating your current mortgage with a refinance which offers lower monthly payments, a longer term or a lower interest rate?
Buying a vacation home in Florida with a Florida mortgage.
Prior to actually looking at a vacation home in Florida it is wise to get pre-qualified especially if you intend to take out a Florida based mortgage. Since the credit market collapsed most US banks have altered lending criteria for international buyers. This has led to a reduction in the number of countries whose citizens will be considered for a Florida mortgage but as of 2015 things have been getting better and by simply contacting Jane or Alan they will be able to connect you to their qualified lenders.
The maximum Loan to Value (LTV) currently available is 70% -80% (for foriegn nationals) depending on a host of lending criteria. Overseas assets will typically not be taken into consideration and the mortgage will be secured on your Florida property.
Mortgage For UK, Canada, Brazil, USA & Most of Europe are Available.
DISCLAIMER:MickeyHomes is not acting as a lender or broker. Any information provided by you to MickeyHomes is not an application for a mortgage loan of any description, nor is it used to pre-qualify or pre-approve you with any lender. The information provided to MickeyHomes will be used to fulfill your req