Mike Steele - Florida Mortgage Broker

Mike Steele - Florida Mortgage Broker Mike Steele (NMLSR ID: 241787) Florida Mortgage Broker - I shop the rate so you don't have to

Why Pay More......When you Don't have to!

Providing opportunities for low rates, hassle-free mortgages for buying or refinancing a home throughout FL I am a Florida based mortgage broker. I work for YOU, not the lender. I work with many different wholesale lenders to get you the best deal available. We are all selling the same money! We all have the same money, its a matter of how much are YOU willing to pay for the use of that money. We

are not selling Art Work - that would have a different cost depending on the artist�� Home loans should not cost more, just because you are working with a "preferred lender" or an "in house lender". This is your HOME and YOU deserve the best deal with the lowest cost - PERIOD - FULL STOP! When you're ready to buy or refinance make sure you reach out to get a second option on your mortgage. Looking forward to working with you, Mike
NMLS #241787

06/20/2026

Before you fall in love with a home, nail down two critical costs: current and future property taxes, and total insurance. Understanding your complete monthly cost is key, not just the sales price.

06/18/2026

Lenders approve loans based on your gross income, not your net. This means they don't factor in taxes, bills, or retirement savings. Many loan programs allow for over 50% of your gross income to go towards debt. Just because you're approved doesn't mean you can truly afford it. Always check your monthly budget.

06/16/2026

The biggest mistake people make is focusing only on the sales price. Your true affordability is based on the *monthly payment*, which includes higher taxes and insurance. Always check total monthly costs: principal, interest, taxes, insurance, and HOA dues before you fall in love with a home.

05/21/2026

A new credit scoring model called Vantage Score is emerging, especially beneficial for first-time homebuyers. It considers rental and utility history, potentially offering higher scores than FICO. This could lead to lower rates, reduced mortgage insurance, and smaller down payments, especially if you have limited credit history or past late payments but have always paid rent on time.

05/20/2026

Shopping interest rates is smart, but it's irrelevant until you have a signed contract on a home. Focus on finding the right house first. Get real-time rate updates on my website.

05/15/2026

As a 30-year veteran, I hate hearing that interest rates don't matter. You need advice, not a sales pitch, when choosing a loan officer for the biggest expense of your life. Don't be sold on higher rates or closing costs. Get the right solution for your family.

05/11/2026

Many believe VA loans are difficult to close or come with extra costs for sellers, but these are just myths. You can buy a home with no money down and aren't limited by conforming loan limits if you have full entitlement. Even with a current VA loan, you can purchase another home with remaining entitlement. Don't let misinformation stop you from using your VA benefits for a great interest rate.

05/10/2026

FHA loans are fantastic for first-time homebuyers, offering a low 3.5% down payment. Mortgage insurance is fixed regardless of credit score, unlike conventional loans. Plus, FHA has more lenient underwriting, accepting lower credit scores and past late payments, often with a better interest rate due to government backing.

05/09/2026

If a lender says no, find out why and take that knowledge to another. As a mortgage broker, I have options. Many loans are approved by lenders willing to look beyond initial rejections. Don't give up!

05/07/2026

Wondering about the best time to buy? Forget the hype. The perfect moment is when *you're* ready. Ready for the monthly payments, upkeep, and the full PITI (Principal, Interest, Taxes, Insurance) plus HOA dues? If it fits your budget comfortably, that's your green light. Don't let FOMO push you. As Zig Ziglar said, 'If it's a good deal now, it'll be a good deal later.' Take your time; it's a huge decision.

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Cape Coral, FL

Opening Hours

Monday 9am - 8pm
Tuesday 9am - 8pm
Wednesday 9am - 8pm
Thursday 9am - 8pm
Friday 9am - 8pm
Saturday 9am - 8pm
Sunday 9am - 8pm

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