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orjessi - May 14th, 2005 7:20 PM

I am a newbie and I'd like to know how is the commision split between broker and agent in FL and some input about the market in this state
Thanks!

jimbo smith - November 15th, 2004 10:47 PM

That depends on how long you plan on living in the house.

EVE - November 16th, 2004 8:32 PM

It will depend on the rates as well. If rates are high you might consider an ARM, but if rates are low you should go for a fixed rate mortgage.

Pauline - November 22nd, 2004 4:02 PM

Before you settle on a mortgage shop around and see what sorts of different terms different lenders are willing to offer. You should also do some work with mortgage calculators to see which sort of payment plans suits you best.

Jeff Mayer - November 22nd, 2004 8:51 PM

You have to ask your self can I sleep at night if the prime rate increases and my mortgage pmt goes up! For a fixed rate ask your self since this is the lowest rates have ever been in history and you could get a rate that you will more then likly never get again, should you take it?

The end result is if you do not play stock then do not take the adjustable since it is the same thing. A fixed rate will give you that same payment for a longer time. I suggest a fixed based on your note above

Jeff Mayer
Home loans canada

Fred - November 23rd, 2004 2:42 AM

The last posting isn't completely correct. Here are some questions to ask your self:
1. How long do I plan on living in this house?
2. How secure is my job and my present location for my job? In other words, does my job move me alot.
3. How fast is the area I want to live in growing and how much are the houses appreciating over time?
The ARM is a program that can be fixed for a certain period of time before then fluxuating. It is used as a vehicle and not necessarily a permanent loan type. For more information and a better analysis of your position, email me at [email protected].

Brian Mill, Scotiabank Mortgage Specialist - November 25th, 2004 2:20 AM

You've asked an age-old question, a question to which there is no one correct answer. If there was a correct answer than everyone would be doing it. My suggestion is to take both. Most of my clients these days, given the rising prime are opting to take half their mortgage in a 3 year variable and the other half in a 5 year fixed. They always have the option of locking in the variable portion if they like. If you want more info, I can be contacted at [email protected].


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