I assume you’re well aware that the bottom has dropped out of the South Florida real estate market and not only forced many real estate brokers into new professions, but it hasn’t been easy for the mortgage industry, either.
Savvy mortgage brokers, however, quickly realized they not only didn’t need to switch careers, they took full advantage of the downturn in the industry and maximized their abilities by learning to adapt to the new world of cautious lenders, government assistance, short sales, and foreclosures.
In today’s world, a mortgage broker needs to be able to offer more than just the ability to help secure a loan. Chances are, clients with even perfect credit and FICO scores in the 800s will still be turned away. Having clients fill out applications with lenders who know in advance they have no intention of even considering approving a mortgage is a waste of time for everyone.
To get a mortgage in Miami is tough; no one can argue that. However, as an experienced mortgage broker, we can help you through the new myriad of rules and regulations and suggest optional funding sources aside from the traditional lending institutions.
It doesn’t take much research to see that the majority of recent real estate transaction have either been cash only, or have been made by foreign parties. Although banks aren’t as gullible as they were five years ago, a good mortgage broker will know right away who is lending, and what they require to be approved.
Using a broker has many benefits, especially if he has been around for a while and has seen the recent ups and down in the local market. If you are looking to buy or refinance, Quality One Mortgage can offer you the most competitive Miami mortgage rates and terms. Give us a call today for a FREE, No Obligation Rate Quote!