A mortgage is the transfer of an interest in property to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. Residential Lending: It’s not just a job…it’s a responsibility.

This is one of the biggest financial decisions you will make in your lifetime. Why trust this decision to a friend or relative or even worse…someone on the internet? You should have a good working relationship with your lender. Don’t be afraid to ask for references and testimonials. As a seasoned loan officer with over 10 years of experience, I continually close loans that were started by another lender who ultimately could not close the loan or just didn’t pay attention to their client. One of the most dangerous things a home buyer can do is to choose a lender based on the promise of a rate. I have seen rates change as much as 4 times in one day. The unethical lender will promise a low rate to get your business…knowing that he or she doesn’t have to keep the promise of that rate in an ever changing market.

My advise…Work with someone you trust and they will take care of you. You will not have any surprises at the closing table, you will close on time, and you will get a good rate.

MY MOTTO: I don’t focus on meeting your expectations…I focus on exceeding them!

Cory Miller Sr. Loan Officer HomeTeam Equity

Home mortgages are currently being offered with historically low interest rates. This is one of the reasons that this is an excellent time for you to buy your new home. Follow a few of the links below to research information regarding current interest rates, or feel free to contact one of our experienced agents or mortgage experts to chat about the exciting possibilities available to you right now!

Bankrate - - Marketwatch - The Federal Reserve -

Turbulent times have fallen on the mortgage market over the past couple of years. Many factors have contributed to the high foreclosure rate and falling home values. The good news is that there are signs of stability beginning to appear in the market. Now is an excellent time to purchase your new central Florida home. Below you'll find a few links to help keep you updated on the conditions of the marketplace on a day to day basis.

HSH Associates - Financial Publishers - - Mortgage Market Daily - F.H.A.

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