I know I need a mortgage Broker

Contact Me Now

Call us for a quick consultation or
to arrange an appointment

Tel: (+1) 941-921-1110

I'm not ready yet.
I want to read some more
about current mortgage rates

Current Mortgage Rates

Getting a Rate Quote before receiving all your information may be misleading. So let us start with the real basics. Below is a list of items that will have an impact on your rate.

  • 1. A lender generally starts with a tri-merge credit score / report, these scores show your past willingness to pay. Someone with a 810 mid score will of course get a better rate than someone with a mid score of 620. Brake points vary from lender to lender. Generally the break points are 620, 680, 720, 780, and 800.
  • 2. Let's look at DTI: ( Debt to income ratio) a person with a DTI of 10% will see a better rate than a person with a DTI of 49%.
  • 3. LTV (loan to value) the amount of money borrowed in relation to the lower of the amount of appraised value or sales price. a LTV of 50% will get a better rate than a LTV of 96
  • 4. Type of property: single family residential home will see a better rate than a condo in Florida.
  • 5. Type of ownership: primary residence, second residence or investment property.

Once this information is factored in, a range of rates can be available to the consumer. Beware of any one quoting a rate without the above information, chances are they may have to manipulate other cost factors to hold that quoted rate until lock time leaving you with less options or greater overall cost.

Now let's take a look at what funds you as a buyer may have available for a down payment and closing cost. This will also help us with loan options that will best fit your needs. Some different types of loans may include Conventional, VA, FHA, and USDA, as an example. These loan types have different requirements or restrictions with different allowances, concessions, and down payment requirements.

After you have selected your type of loan and have a good understanding of the above, you can now look at selecting a rate for your needs. What select a rate? Yes you can select the rate around your loan program and expenses you are willing to pay or have paid on your behalf.

Having options allows you to select a loan and rate for your needs. Getting a rate quote without giving a bank or a lender the above information, will only force them to adjust the cost of getting that rate quoted or find a reason to deny you at the last minute.

Today with all the fast changing regulations it's important to have someone like us who is willing to take the time to give you the most information possible for you to make the best decision.

We hope you find this information helpful and look forward to working with you in obtaining the mortgage loan for your home purchase or refinance

Florida Current Mortgage RatesOur service has been designed to remove the stress and misunderstandings commonly associated with buying a property.

For further information about getting the right mortgage for you and to arrange your 'NO-FEE ASSESSMENT'
CALL US on (+1) 941-921-1110

Our Education Center

The How to

The process
Qualifying for a mortgage
Zero down – VA, USDA & seller concessions
Contractual Finance Clauses -
Loan and Mortgage types
Settlement cost – What is the HUD1?
Good faith estimate – the maximum cost to obtain the loan
The Til – Truth in Lending
RESPA – Real Estate Settlement Protection Act
Mortgage Insurance - PMI
Disclosures – Understanding Disclosures
Servicing – Banks
Economy/ Markets – the impact on rates
Fannie & Freddie – why they important to you
Credit Score – How credit score affect your interest rate
Other FAQ’s

My Mortgage Blog

Read our blog about everything involved in finding, buying and living in your new home from a mortgage brokers perspective.

Read my opinions about legislation, what it means, how I understand it and how it could be improved.

We have online newsletters and classes explaining in layman’s terms how mortgages work and how to choose the best one for you

My Mortgage Blog

Latest Releases and Reports

New legislation halts lump sum payments on reverse mortgages.


New construction is not enough to keep up with demand.


Florida Real Estate has hit the bottom and prices are increasing.