Mortgage Rates for Today

Florida Frequently Asked Questions

Total Mortgage is an established and trusted name in the mortgage lending business in Florida. Therefore, we are well-equipped to offer competitive mortgage rates for our customers. Our competent team thoroughly compares current mortgage rates in Florida from different mortgage companies and credit unions, helping you identify the right financing solutions for your dream home. Whether you are a first-time home buyer in Florida or looking to refinance your present home, we guarantee you the most attractive interest rates in the state. As a leading mortgage lender in Florida, we are committed to helping you secure the best financial solution for your home and save on your monthly payments. We are a call away. Reach out to us in case of any query, and our team will guide you in securing the best Florida mortgage rates to match your financial goals.

If you have any questions about securing the best mortgage rates in Florida, please contact us today. We are here to assist you in finding the mortgage rates that best suit your needs.

Frequently Asked Questions

How long are mortgages good for in Florida?

The most common mortgage loan terms are 30-year- and 15-year fixed-rate mortgages. A 30-year fixed-rate mortgage offers lower monthly payments but accrues more interest over time. In contrast, a 15-year fixed-rate mortgage entails higher monthly payments but can save you thousands in interest by cutting the repayment period in half.

Who regulates mortgages in Florida?


The Office of Financial Regulation in Florida regulates mortgages in the state and ensures that the rates comply with state and federal laws.

What is a mortgage called in Florida?


The Florida mortgage rates are also called Purchase Money Security Interest or PMSI. It is named so because the money is offered solely to purchase a residential property on a mortgage.

What is the difference between a fixed and adjustable rate mortgage?


In the case of a fixed-rate mortgage, the rate is constant for the entire duration of the loan. However, an adjustable-rate mortgage or ARM is dependent on the market forces.

What are the mortgage rates in Florida?


Mortgage rates in Florida are the interest lenders charge for refinancing or home loans. These mortgage rates directly impact the total borrowing costs in Florida.

What are the current mortgage rates in Florida?


The current mortgage rates in Florida for different loan products can be viewed in the table above. The rates are updated twice daily to ensure that our customers and visitors to our site always have correct estimates of each day’s mortgage rates.

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