Boca Mortgage Blog

Reasons to Contact Your Florida Mortgage Broker Today

October 7th, 2014 12:17 PM by Leonard Silvestri

HSH.com statics show that  30-Year Fixed Rate Mortgage for 10/2013-10/2014 in West Palm Beach, florida

Investment buyers and buyers from abroad are purchasing homes for cash in record numbers, meaning getting pre-qualified early is vitally important, and having a responsive mortgage broker instead of a slow-moving bank can keep your offer competitive.

Mortgage rates for the West Palm Beach area have been relatively lower for most of 2014 than early in the year, but are slightly trending up in October according to some calculations.

Florida closely regulates mortgage brokerages. All mortgage brokers in the state must be an associate of a mortgage broker business that is also licensed by the State of Florida and must have passed a written examination that reflects a strong knowledge of not only the Florida Mortgage Brokerage and Lending Act, and the Florida Fair Lending Act, but also the Patriot Act, all federal lending and housing regulations. They are expected to have complete knowledge of FHA/VA and Conventional mortgages, Fannie Mae underwriting guidelines and closing procedures, as well as a wide-variety of real estate knowledge on matters such as surveys and deeds, and mathematical calculations pertaining to financing.

HSH.com attribute the data to HSH.com as the source


 

References:

http://articles.sun-sentinel.com/2014-05-08/business/fl-cash-home-sales-20140508_1_cash-deals-cash-buyers-distressed-real-estate-institute

 

About HSH Data

Unlike other sources, these statistics derive from our objective, editorial survey of between 2,000 and 3,000 lenders in all 50 states and elsewhere. We've been doing this for 30 years -- we know what we're doing, and we just keep doing it, every week. Would you like to know more? HSH's statistics have long been used by top Wall Street firms; by lenders coast to coast; by the media; by government agencies; by Freddie Mac and Fannie Mae; and many others.

 

 

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Posted by Leonard Silvestri on October 7th, 2014 12:17 PM

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