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Different states have different lending procedures. Florida is a state that has great protections for home buyers and home owners which makes applying for a mortgage a very detailed process. If you want to know how to apply for a mortgage in Florida, here are a few steps to guide you through. Personally, I always suggest speaking with a certified Florida mortgage broker. They can always give you the best step by step instructions regarding how to apply for a mortgage. You can find these brokers all over the place in Florida because of the boom in real estate sales, development, and refinances.
There are almost as many mortgage brokers as restaurants, and each can truly be of help. Once you have spoken with a mortgage broker, if you still have questions about how to apply for a mortgage in Florida, you will want to hit the Web. Online you can find mortgage and lending resource websites that can give you state by state procedures and laws regarding mortgages. Take a good look at these websites if you want a full view of the procedures that go into a mortgage application. Soon you will find that you are comfortable moving forward with your application. When you reach that point, you will want to fill out a few different applications and get a variety of quotes. Perhaps the most important thing to remember in the state of Florida is to ‘homestead' your property immediately. In Florida, there is a ‘homestead tax exemption' based on the value of your property. This is up to a $25,000 deduction on your tax returns, so when you are asking about how to apply for a mortgage, also ask about how to go about homesteading.