A mortgage rate can catch your eye, but it is only one part of the cost of buying a Central Florida home. When you compare lenders, request Loan Estimates for the same loan type and look at the monthly payment, upfront loan costs, lender credits, and cash needed at closing. Check property taxes and homeowners insurance for the specific address, and budget separately for HOA dues and other costs that may not be included in the payment shown.
As you explore Orlando, Winter Park, Lake Mary, or another local community, build your home search around a payment that fits your everyday life. Ask your lender to explain the tradeoffs between a lower rate and higher upfront costs, then let’s compare homes with your full budget in mind. Schedule a buyer consultation with Amanda Gampolo, your Sunshine State Realtor with LPT Realty, or call 407-494-0306.
Source: Consumer Financial Protection Bureau: Compare and negotiate your loan offers. General homebuying education; individual loan terms and property costs vary.
