Buying Florida
Didier Malagies is a leader in the Tampa Bay Mortgage industry, serving Pinellas, Pasco, Hillsborough counties, and beyond with his sights set on educating residential and commercial buyers regarding Florida purchases. With over 20 years of expertise, Didier has built relationships with realtors, bankers, and clients based on integrity and his drive to provide the best customer experience in the state by being there from beginning to end of every purchase.
Whether you're looking to move, invest, start a business or expand, Didier will share everything you need to know on his show every week.
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Buying Florida
How to choose a mortgage broker when buying or refinancing
When choosing a mortgage lender, it's important to carefully compare several key factors to ensure you get the best deal and the right fit for your financial situation. Here’s who you might consider and how to evaluate them:
1. Types of Lenders to Consider
Banks: Traditional option; may offer relationship discounts if you have accounts there.
Credit Unions: Often have lower rates and fees; membership may be required.
Mortgage Brokers: Shop multiple lenders on your behalf but may charge a broker fee.
Online Lenders: Often streamlined and convenient; compare their rates carefully.
Non-bank lenders: Can be more flexible for unique financial situations.
2. What to Look For
Interest Rates: Fixed or variable—get quotes from multiple sources to compare.
Fees: Application, origination, underwriting, appraisal, and closing costs.
Loan Types Offered: Conventional, FHA, VA, jumbo, etc., based on your eligibility.
Customer Service: Look for responsive, transparent, and helpful communication.
Reputation: Read reviews and check ratings from the Better Business Bureau or Trustpilot.
Preapproval Process: A good lender should make this easy and informative.
3. Best Practice
Get at least 3 quotes from different lenders.
Ask for a Loan Estimate from each so you can compare total costs side-by-side.
Consider long-term value, not just the lowest monthly payment—compare APRs.
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