Financing in Jensen Beach>Question Details

J.P., Home Buyer in Tampa, FL

How do I find the best deal on a mortgage?

Asked by J.P., Tampa, FL Mon Apr 23, 2007

Help the community by answering this question:


Hi J.P.,

First thing I would suggest is contacting your local bank. Then ask your realtor if they can refer someone to you. It is very important to find an experienced mortgage consultant. Take your time, and work with whoever you fell most comfortable with.

Best of Luck,


1 vote Thank Flag Link Thu Nov 1, 2007
Broker Banker, whoever you are comfortable with. It doesn't matter...
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0 votes Thank Flag Link Sun Sep 6, 2009
You do need to shop around. Referrals from friends and family are a good place to start. You can do additional research at
0 votes Thank Flag Link Wed Nov 14, 2007
Find a reputable mortgage banker with an experienced loan officer.

Then make an appointment to meet with them. Bring in your 1040's, W'2s, bank statements,

Ask them to provide a Fannie Mae approval, good faith estimate, and truth in lending.

Then you can check with your bank to make sure you are getting a good deal.

Mortgage bankers can access many different loan programs from several different banks. In this market this is very important. If a bank eliminates a program or raises rates on a program your are stuck.

With a mortgage banker, they can simply send your file to another one of their lenders. Usually, there is no charge or additional processing required.
Web Reference:
0 votes Thank Flag Link Thu Nov 1, 2007
J.P. Great question. My advice is always if it sounds to good to be true it probably is. Make sure you always get a Good Faith Estimate and a Truth in Lending this will explain exactly what you are paying and what type of mortgage you will recieve. I also would ask if the person is licensed and if they have the ability to broker your file for either better rates or programs. In today's wild mortgage market it is experience that matters not fancy ad's
0 votes Thank Flag Link Thu Nov 1, 2007

If you have good credit and have used your bank for some time, they may be able to give you a great loan. Many times using your own bank can save you money. Always interview a few people before you make your decision.

Ken Herrera
Century 21 Infinity
0 votes Thank Flag Link Tue Oct 30, 2007
Ask your Realtor to provide names of proven Lenders. It is most important to ensure you are comparing apples to apples, no hidden costs you're not prepared for.
0 votes Thank Flag Link Mon Apr 23, 2007
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