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Tampa Home Loans

While searching for Tampa home loans you want to shop around to get the best interest rate. Some things to take into considerations also besides the interest rate would be the amount of closing costs. Here are some tips before applying for a loan.

  • Get a free credit report – A lot of times there is wrong information on your credit report that you can clear up. You want your fico score as high as possible
  • You want to get a good faith estimate of your closing costs.
  • If you plan to stay in the home for a long time you may want to pay discount points to buy down your interest rate.
  • Discuss whether you should lock in your rate. Typically you can lock your rate 30 to 60 days.

These are just a few tips to follow when applying for a new mortgage. Make sure you apply with a few companies to have a comparison.

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