Tallahassee Real Estate Blog

Your home mortgage is a consumer product - just like your car or your home computer.  You should shop, compare and negotiate for your Tallahassee mortgage just like you do any other product.  Price and terms quoted by a lender may be negotiable. 

While interest rates and points are important, you should also be sure to clarify what fees are charged by each lender you contact.  These fees can be called different names - origination fees, underwriting fees, funding fee, lender fee, etc.  Don't hesitate to be very insistent regarding what each fee is for. 

Clearly ask how the broker or lender you are working with will be compensated - how much money they will make on the loan.  Reputable lenders will charge a reasonable profit as we'd all expect.  But unethical lenders will try to put you in mortgages with higher rates or fees that earn them extra money.  Reputable lenders will easily answer your questions regarding compensation.  If you see signs of hesitation, evasion, or awkward mannerisms, you should be concerned. 

We have a list of reputable local lenders that we feel will provide you good service at reasonable rates for your Tallahassee home purchase.  Feel free to call them and find a mortgage you're comfortable with.  Tell them we sent you!  Go to www.TallaHome.com/Mortgages .

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