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Home > Financial Services > Mortgage Brokers > SW Florida Mortgage Solutions, Inc.
SW Florida Mortgage Solutions, Inc.
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
SW Florida Mortgage Solutions, Inc. has programs available for self employed individuals who have problems complying with the income requirements of most lenders. Their programs will actually base your rate and approval on your credit score and appraisal value, not your income. SW Florida Mortgage Solutions, Inc. has programs available for every type of borrower. If you have no credit, bad credit or have even filed bankruptcy, you could still qualify for a mortgage. The lender needs to be sure you have established a pattern of paying your debts on time. If they are going to loan you a large amount of money, they need to feel confident that you are responsible enough to pay them back in a timely manner.
The survey will let the lender know the structures on your property are not overlapping on your neighbor's property and/or there aren't any encroachments, such as your garage being located on your neighbor's property. If there were encroachment problems, the lender would be at risk if your neighbor decided they wanted to take you to court and try to have the garage moved.
When all the requirements of the lender have been met and your loan has final approval, an appointment will be made for you to sign all the necessary paperwork, such as Note, Mortgage, etc. A closing agent of your choice will be appointed to explain all of these documents to you as you sign them. A closing agent is an expert in the field that can answer any questions you have about your loan for your new home.
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