If you want to save money buying or owning a home in Cape Coral or elsewhere in the state of Florida, you have an ideal opportunity to do so as mortgage rates have just fallen to a record low.
CNBC said on May 15th, “The average rate on the popular 30-year fixed mortgage just fell to 3.09%, a record low, according to Mortgage News Daily.”
Things You Should Know Before Getting a Home Loan
It is important to take note of the word “average” above, as some mortgages have rates which are higher than 3.09%, and some actually have rates which dip beneath that. Factors which can impact the rates you are offered include the type of mortgage you apply for, your qualifications as a borrower, and your lender.
Speaking of lenders, Island Coast Mortgage is a broker, not a direct lender. That means that we work with a network of lenders throughout Florida in order to bring you the widest selection of lending products and the most affordable mortgage rates.
We help customers apply for mortgages for a variety of purposes including home purchase, refinance, construction, upgrades or repairs. Along with conventional loans and jumbo loans, we can connect you with VA mortgages and FHA mortgages.
We can save you time in your search for the lowest mortgage rates in Cape Coral or elsewhere in Florida. We may also be able to connect you with great deals which you would never find on your own.
During your consultation, we can help you figure out what type of mortgage to apply for based on your eligibility and goals.
COVID-19 has created a lot of financial challenges for many people in Florida, but these record low mortgage rates may help you to overcome some of those financial hurdles going forward.
Home Buying in Cape Coral, FL
If you are ready to apply, please give us a call today at 239-214-7011. Since mortgage rates may rise again in the future, it’s best to get started as soon as you can. Let’s lock in those low mortgage rates so you can make affordable payments on your Florida home now and over the years ahead.