You already know what a great investment Naples FL real estate can be, right? What you may not know, however, is  how to obtain the best mortgage rates in Naples FL to save 1000s of dollars over the life of your mortgage term.  But there are many factors that will affect your rate. For one thing, your credit ratting and FICO score can be a major factor in obtaining the best Naples FL rates on your refinance or new home mortgage.  What can you do to get the best rate:

 1) The first thing you need to do is determining what is your credit score. This is easily done by contacting one of the three major credit bureaus or by contacting Free Credit Report. It is important for YOU to know what your credit score is if your going to get the best possible mortgage rate in Naples FL. Never rely on your broker or loan officer to do this for you. Remember, while most are honest hard working people, their interest is sometimes at odds with you own.  The more you learn, the easier it will be for you to get the loan officer to work for you toward getting the best mortgage rate available in Naples FL. Also, once you review your credit report, you can take affirmative steps to clear up some of the problems, if any, and ultimately improve your credit rating.  

2) Begin to gather all the necessary documents necessary to apply for your Naples FL mortgage. This may seem obvious, but being organized and timely providing the necessary documents to your lender can  help you get the best mortgage rate available. For example, you'll need copies of the past two to three years tax returns,  2-3 months bank account statements proof of timely mortgage payments (or rent receipts).  If you're self employed you'll need to gather similar documentation about your business. Bottom line, by providing documented proof you stand a much better chance of getting the best mortgae rate possible in Naples FL.

3) If you do not currently own a house, get pre-approved before making offers. Real estate agents are in the business of selling and will place an offer faster than you can blink an eye. Remember, its your earnest money you are putting down (usually $1,000) and if you don't qualify or can't close in time you can lose it. Just like with credit card offers, pre qualified means absolutely nothing. On a high demand real estate listing most sellers won't take an offer if you aren't pre approved. In many cases, they will not negotiate favourably with you without a letter of approval from your bank or lending institution. Carry your pre-approval with you when you house shop and watch what hurdles homeowners will go through for you.

4) Finally, tell the truth from the beginning. There's nothing to gain by overstating your position to the loan officer. They're going to find out in the end and you will have wasted not only the officer's time, but, more importantly, your own. If  the officer knows your position early they can  look for solutions that address your circumstances. Shop around - you should be getting similar numbers for your qualifications.

   Oh, and be carefull of loan officers that offer you Naples FL mortgages rates that seem too low to be true .  If it sounds too good to be true, well, you know how it usually ends. There are still some mortgage scams (even in Naples FL) so be certain to inquire about your mortgage company's record. Most are honest, but its best to know who you're dealing with before you waste your time or worse yet, get scammed.