Florida Mortgage Custom Rates & Custom Loan Terms

Florida Mortgage Firm offers flexible loan options that surpass standard loan terms and normal rate intervals.

This can help you obtain a mortgage loan that more precisely fits your needs and scenario, rather than trying to fit into the traditional loan years and rates historically offered.

For example, historically, loan terms were offered in 5-year increments, and interest rates were offered in 0.125% increments.

Custom Rate Mortgages

Historically, the mortgage industry only provided rates in 0.125% increments.

For example, rates typically ended with the following fractions after the first figure in your interest rate:

.0
.125
.25
.375
.5
.625
.75
.875
.0

Florida Mortgage Firm offers custom rates. Custom rates allow you to take full advantage of any negotiated seller concessions on a purchase transaction.

For example, if you negotiated for the seller to pay $7,000 in closing costs, and after receiving lower homeowners insurance than anticipated, your closing costs are only $6,400, we may be able to use the additional $600,  which would otherwise be left with the seller,  to buy down your rate, even if only by that $600 amount.

This is only possible by offering custom rates where we are not limited to the above preset percentages.

So, for example, your rate might end in 0.1645%, since you bought down the rate based on how much you invested, rather than conforming to a fixed schedule of rates and costs.

Custom Term Mortgages

For example, if you have 27 years remaining on your current 30-year mortgage, it is no longer necessary to “start over” with another 30-year term, as we may be able to match your existing remaining years for your new loan.