The Mortgage Guide

Questions to Ask Your Mortgage Broker About Buying a Florida Vacation Home


If you're like a lot of people, you've spent a long time dreaming about owning a vacation house in the state of Florida. This state is known for great fishing, white sand beaches, and beautiful, historic towns. If you are finally ready to make your dream of owning a second home in the Sunshine State a reality, you have opened the right guide. The following paragraphs will help you find the right mortgage for your needs at this point in your life.


There are several important questions you should ask your mortgage broker before you make an offer on any Florida vacation home. The answers you're given will help guide you toward the right home loan for your current situation. Not everyone needs the same type of mortgage, so doing plenty of research before you officially start the application process is the best route to take.


Do I Need to Consider Specialty Mortgages?


Since you're planning to purchase a house that will be your second home, not your primary residence, you may need to consider some different kinds of mortgages. There are, for instance, some home loan options that are designed specifically for people in your situation. Your mortgage broker will be able to tell you more about the options that are available to you.


If, for example, you are planning to purchase a working farm, like a citrus orchard, or a piece of land that is a wildlife protectorate of some kind, you may need to take out an agriculture mortgage of some sort. Spend some time researching options you think might be good for you before you meet with your lender. This way, you'll be able to have an educated conversation with him or her. Know more about loans at


Will My Residency Impact My Options?


This is, again, an issue you'll need to discuss with your mortgage agent in order to learn specific details. In some cases, though, a person's state of residence can impact his or her mortgage options and rates. If, for instance, you're a Florida resident, you may have access to certain types of mortgages that people who presently live in other states cannot apply for.


What Kind of Mortgage Should I Apply For?


At some point during your conversation with your mortgage broker, you should come out and just ask him or her what kind of home loan seems to be the best fit for you. It is, after all, his or her job to help you and asking this question will take any guesswork out of which sort of loan you should try to get, check it out!