Thanks for stopping by our website! We hope that you’ll find this mortgage calculator helpful as you look for a home in SW Florida and Naples. We’ve worked with numerous lenders in Naples real estate. Our lenders are ready to assist buyers in getting the best rates and keeping their mortgage fees low. If you need a referral to a reputable lender so that you can purchase Naples real estate, just let us know. Drop us a call or shoot us a text at 239.293.0246 because we’d be happy to help you out.
What determines your mortgage rate? There are several factors, some of which are within your control and others that definitely aren’t. Mortgage rates will vary depending mostly on what the Treasury rates are at the time which you can’t control. But you can control your credit history, loan to value ratios, and the type of loan that you’re looking to get. There are several different types of loans you can get. Cashing out refinancing, conventional loans (anywhere from 5-20%+ down), FHA, VA, and adjustable rate loans are options. And rates may vary depending on whether you’re purchasing a single family home, condominium or second home.
Because second homes are more risky for lenders, the rates are higher. If you’re putting down less than 20% on your home because a lender sees risk, you may have to pay mortgage insurance. It’s a good idea to go over with your lender all the loan options that are available to you as well. Our lenders are knowledgeable and patient having worked with buyers who have no experience to very experienced buyers.
We’re here to help you find a great new home in Naples Florida. Give us a call at 239.293.0246 or send us an email at napleslaw@yahoo.com. We look forward to helping you out!
