Fair warning — this is a detailed one. But if you are buying a home in Florida
and closing costs still feel like a mystery, this is the breakdown you need
before you make an offer.
My latest blog walks through a real loan estimate line by line. Every single
charge. What it means, who controls it, and what is actually negotiable versus
what is set by the state and cannot be touched.
Here is what most Florida buyers do not know going in:
Florida charges a documentary stamp tax AND an intangible tax on every new
mortgage. Together those two charges can add close to $2,000 that buyers in
most other states never pay. Your lender cannot change them. It is state law.
And closing near the end of the month versus the beginning? On a $400,000 loan
at 7%, that timing difference can save you roughly $1,600 at the closing table.
Read the full breakdown at the link below. There is also a video walkthrough
inside the post if you want to see the actual loan estimate on screen.
Grab the free Pre-Approval Checklist while you are there:
https://www.interconnectmortgage.com/pre-approval-checklist
Toni Taylor Gozza | NMLS #274323
Interconnect Mortgage Inc. | NMLS #1720882
Palm Beach Gardens, FL | 561-556-7109
Equal Housing Lender
