When a Florida mortgage lender makes a decision about a Lake Placid real estate mortgage application, they consider two basic factors: your ability and willingness to repay the mortgage loan, determined by verifying your current employment and analyzing your total income. Lake Placid real estate mortgage loan lenders prefer for you to have been employed at the same place for at least two years, or at least be in the same line of work.
There are no set rules for getting Lake Placid Florida real estate mortgage loans and each applicant is handled on a case by case basis. Many Florida applicants come up a little short in one area, but make up for it with other strong points, especially Lake Placid residents. These factors may include a large down payment, solid employment, extensive educational background or overall financial well being. Check your Lake Placid Florida mortgage loan rates today, the rates are at their lowest.
$145,000.00 Single Family Home in Lake Placid
3 Bedroom, 2 Bathroom, Approx. 2111 Sq.Ft.
$65,000.00 Single Family in Lake Placid
2 Bedroom, 2½ Bathroom
Points are loan fees that are paid to lenders and mortgage brokers. 1 point equalls 1 percent of the loan amount. There are two different types of points: origination points and discount points.