When a Florida mortgage lender makes a decision about a North Seffner 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. North Seffner 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 North Seffner 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 North Seffner residents. These factors may include a large down payment, solid employment, extensive educational background or overall financial well being. Check your North Seffner Florida mortgage loan rates today, the rates are at their lowest.
Remember your options if you are resident in North Seffner or will soon be one,
Turn around time frames vary depending on the market and demand. Currently, with the interest rates the lowest since 1966, the industry is overwhelmed. Plan on at least 30 days for your refinance. Normal turnaround time frames are 24 to 48 hours for loan documentation 24 to 48 hours for funding and 24 to 48 hours for recording. Also, remember after you sign your loan documents, there is a Three Day Right of Rescission period.