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Mortgage Bankers of Florida


A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.

Here at Mortgage Bankers of Florida their philosophy is to keep it simple and make it accurate. That is why they will do the following for you. Provide an accurate and good faith estimate, Loans quoted without points, an online and offline application process, provide you with a loan agent who will guide you through the loan process.
 
A wide variety of plans are available to assit buyers with the purchase of a vacation home, providing up to 90percent of the purchase price, depending on the amount. Loan amounts from $ 20.000 to 10,000.000. Payments include 15 and 30 year fixed rate, balloon loans are typical selection of programs. Some buyers of vacation property intend to place the property in a seasonal rental program to generate income during periods the property is not in use. In addition to traditional products for this purpose Mortgage Bankers of Florida offers programs that will advance 90percent up to $500,000 and allow the use of the projected rental income to offset the payment for qualifying purposes.

The Company offers financing to self employed borrowers or special situation individuals who do not wish to provide tax returns, pay stubs or company Profit & Loss statement to confirm income. They accept income as stated and only confirm employment to the extent of position and length of time. These programs will advance up to 80percent of the appraised value.        

There is significant difference in the program requirements for each. Their program requires no proof of income anddoes not require the borrower to provide any information regarding employment. These loans are suitable for people with a down payment of 20percent who are making changes in residency, which will impact the analysis of stable income.

Financial Services Companies all are here at FinancialBrowsers.com

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