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Aaron Said:

Do Different Mortgage Lenders Charge Different Closing Fees Or Are They All Pretty Standard?

We Answered:

the fees do vary but they are pretty standard. FL does have some additional state and local taxes that are pretty hefty so be prepared.
You should look at either seller concessions to cover your closing costs or a USDA loan which will allow you to roll the costs in to the loan with some restrictions.

Erik Said:

What happens with the 2nd mortgage in the state of Florida if our 1st mortgage forecloses on us?

We Answered:

If your first mortgagee forecloses, the second mortgage will be eliminated, unless they step in and assume the first.

realtor.sailor

Enrique Said:

Do different mortgage lenders charge different closing fees or are they all pretty standard?

We Answered:

suggestion would be that you see a "mortgage broker" ask your realtor to suggest one or look in the yellow pages. A mortgage broker will not charge you a fee, and will be able to help you taylor your lender to best suit your needs..they will also explain to you the benefit of one type of loan and lender over another. If you don't want to do that you can interview different lenders yourself, but I highly recommend a broker to help you understand the process and save you lots of confusion and time consuming work. Good luck!!!