Looking for a Miami Mortgage Broker o a Miami Mortgage Calculator? Best Beach Lending, your full service Miami mortgage company

While you are making one of the largest investment decisions of your life, Best Beach Lending wants to be your financial partner. We are not only a Miami mortgage broker, we service the entire state of Florida. Best Beach Lending has a roster of local and nationwide lenders to quote your loan with. You will have the benefit of multiple lenders competing for your business so that we can find you the best program with the lowest possible mortgage interest rate. We understand you have many choices when looking for a Miami mortgage company, we strive to be the best option in the market by providing unparalleled customer service and the most competitive rates.

At Best Beach Lending, your Miami mortgage broker, we will pre-qualify you before you find your new home, second home or investment property. That way, you will know exactly what program you qualify for and for how much of a loan amount. We never ever charge a pre-qualifying fee. And when it comes time to submit a full home mortgage application, you will not be charged an application fee or a credit report fee.

We understand that the mortgage process can be cumbersome and very challenging. We will educate you and guide you through the entire home buying or refinancing process. You can also use our Miami Mortgage Calculator to analyze how payments change when the interest rate or the loan period changes.

We want to earn your business the old fashion way. That is, we will act in the most professional manner, along with being very attentive and provide outstanding customer service all at a fair and competitive price. Our mission is to exceed your expectations in order to become your preferred Miami mortgage company.

If you need a Miami mortgage broker to purchase or refinance your property, contact us today and learn about the service we can provide in Miami and all over the state of Florida.

This page gives you some basic information regarding the financial aspects of purchasing a property and lists the information you will need to complete a loan application. For additional information, please contact us at 305.866.0777.

Miami Mortgage Calculator provided by Best Beach Beach Lending, your Miami mortgage broker

Click here to use our MIAMI MORTGAGE CALCULATOR

There are four main steps involved in getting a loan.

Step one: determine how much you can borrow
This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? For this part you can get a rough idea of by using the Miami Mortgage Calculator on our website.

Step two: pre-qualify for your loan
You supply information about your employment, your assets, your residence history, and so on. The financial institution runs your credit score and reviews all this information to give you a Pre-Qualification Letter. Your realty agent will use this letter to make the best offer on the home you choose, and the seller knows you're pre-qualified. Please use our Miami Mortgage Calculator to review your payment options and see how these payments would impact your monthly budget.

Step three: apply for the loan
Once you've made an offer and it's been accepted, it's time to complete the loan application and order an appraisal of your new home.

Step four: your loan is funded
Your realty agent and the seller's will work together to designate an escrow/title company to handle the funding of your loan once it's approved. We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.

Information needed for the application

For all loans

Social Security Number, for borrower and co-borrower if any
Employment History: For the last two years, employment dates, addresses, salary. Current pay stubs or W-2 forms.
Check and Savings Accounts and Certificates of Deposit: Location of bank accounts, account numbers and balances; Address of bank if out of town. Last 3 months' statements.
Stocks, Bonds, and Investment Accounts: Broker's name and address, description of stocks, bonds, etc. Last 3 months' statements or copies of stock certificates
Life Insurance Policies: Insurance company, policy number, face amount, cash value, if any
Retirement Plan: Approximate vested interest value. Copy of latest statement
Automobiles: Make and model of automobiles, their resale value
Other Assets: Market value of personal and household property
Liabilities and Other Non-Mortgage Debt: Creditors names, addresses, account numbers. Monthly payments and balances
Other income information you may need

If you're self-employed

Two years tax returns, profit and loss statements, both company and personal if separate. Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.

If you have income from:

Commission
Overtime
Bonus
Partnership
Rental Property
Trust
Notes Receivable
Interest/Dividends
You'll need two years' personal federal tax returns

If employed in family business

Personal federal income tax returns and all schedules for the past two years

If divorced or separated

Complete executed divorce decree and settlement agreement
Payment history of alimony/child support over the past 12 months, if it is a financial obligation.
If you choose to have this be considered as part of your income (you don't have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.

If you own real estate

Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances

If you've sold your home but not closed:

A copy of the sales contract

If you've sold your home, closed, and you will use the proceeds for your new down payment:

A copy of the HUD-1 Uniform Settlement Statement

If you rent

Name, address and phone number of landlords for the past 24 months

If you're buying a home

Purchase sales contract or offer to purchase and all addenda
Furnish contract with original signatures of buyer and seller

If a source of your down payment is a gift:

Name, address and relationship of donor. Gift funds will be verified in both the donor and recipient's accounts.
Note: Not all loan programs allow gifts to be part of your down payment.

For Construction/Perm Loan:

Signed construction with cost breakdown, builder plan and specifications