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Mortgage Brokers in Lake City, Florida

Below is a list of all Mortgage Brokers in  Lake City, FL. For contact information, click on the "Mortgage Broker Details" link below.

What You Need to Qualify for a Mortgage

There are several ways to qualify for a mortgage loan in Florida. Residents that are interested in homeownership can take certain steps to help make sure they will meet the requirements for a traditional or an alternate loan and get into the home of their dreams. Here are some things you can do to be eligible for a home loan.

Have Down Payment Funds: This may seem simplistic, but many new home buyers start saving at the last minute. It's best to start saving as soon as possible

Steady Job History: While you are looking for a home, don't switch jobs during that time. In fact, it's best to stay in the same line of work for at least 2 years.

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Andrew Cady, 285 Sw Sweetbriar Dr, Lake City FL 32024

Get contact info and detailed information for Andrew Cady. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

Andrew Carrender, 424 Sw Sunnydale Gln, Lake City FL 32024

Get contact info and detailed information for Andrew Carrender. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

Jennifer Ceballos, 202 W Duval St, Lake City FL 32055

Get contact info and detailed information for Jennifer Ceballos. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

Nena Collins, 406 Nw Old Mill Dr, Lake City FL 32055

Get contact info and detailed information for Nena Collins. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

Justin Fitzhugh, 1272 Sw Walter Ave, Lake City FL 32024

Get contact info and detailed information for Justin Fitzhugh. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

Olivia Fitzhugh, 366 Sw Knox St Ste 202, Lake City FL 32025

Get contact info and detailed information for Olivia Fitzhugh. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

John Kasak, 218 Sw Crest Gln, Lake City FL 32024

Get contact info and detailed information for John Kasak. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

Kristen Little, 423 Sw Sapphire Ct, Lake City FL 32024

Get contact info and detailed information for Kristen Little. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

Daniel Magstadt, 4 Erin Ln, Lake City FL 32056

Get contact info and detailed information for Daniel Magstadt. Tips on what to ask when shopping for a mortgage, such as interest rates, down payment and more. ...Mortgage Broker Details - Click Here!...

 

Jacob Sparks, 163 Sw Midtown Pl Ste 105, Lake City FL 32025

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Income 2 to 3 Times Your Mortgage Payment: You should earn 2 to 3 times more than what your monthly payment is estimated to be.

Get Your Credit Score to a Good Rating: Before going to a mortgage broker's office, do what you need to do to get your credit rating in the good range. You certainly don't need your credit score to be perfect to qualify, but you may need to boost your rating if it is in the poor or fair range.

Check Your Credit History Thoroughly: Lenders like to look at credit histories. This lets the lender make a more informed decision regarding loan prequalification. Through the credit report, lenders will get your credit score, also called the FICO score. Your credit score represents the statistical summary of data contained within the credit report. It includes bill payment history and the number of outstanding debts in comparison to the your income. The higher the credit score, the easier it is to get a loan or to pre-qualify for a mortgage. If the you habitually pay bills late, then a lower credit score is expected. A lower score may persuade the lender to reject the application, require a large down payment, or assess a high interest rate in order to reduce the risk.

Check Out Alternate Loan Programs: If you have had a couple of denials, you may want to seek out home loan services for FHA home buyers, or other alternative programs. Make sure that you learn about some non-traditional programs that may help you to get qualified.

Collateral and Mortgage Loan Qualification: If the loan would exceed the amount the property is worth, the lender will not loan the money. If the appraisal shows the property is worth less than the offer, the terms can sometimes be negotiated with the seller and the real estate agent representing the seller. You may even pay the difference between the loan and the sales price if you agree to purchase the home at the price that was originally offered. To do this, you need to have disposable cash and should ask the question of whether or not the property is likely to hold its value. Consider the type of loan you qualify for. For instance, if you would need to move suddenly and the loan is larger than the value of the property, the loan can be very difficult to pay off.