Florida Mortgage Law Attorneys
Mortgage Advising, Mortgage Counseling
Mortgage Law is an emerging area of law which has already been acknowledged by the Bar Associations of six states (FL, SC, GA, NC, TN and AL). Mortgage Law is a sub practice of the real estate law profession. The attorneys at Wallis & Wallis, P.A. will use our knowledge to explain the costs, rights and obligations of different types of mortgages and guide you through the mortgage process.
When applying for a mortgage loan, the government requires the lender provide disclosure through a number of legal documents like the Truth in Lending Statement to ensure the borrowers understand the different options and costs. These documents contain terms like APRs and Yield Spread Premiums and are often difficult to understand. Also, generally you will not have an opportunity to review these documents until you are at the closing table and have little choice but to sign and take what comes. We can help you can make and informed decision regarding which mortgage is best for you before you obligate yourself
A mortgage attorney represents you and has an obligation and duty to put your interests first. Utilizing Wallis & Wallis to advise you on the mortgage process can gain you protection, peace of mind, and counsel you can trust. We charge a flat fee for Mortgage Law counseling and do not receive commissions from lenders. Calculating the true cost of a mortgage is not easy. Most loan officers receive the Yield Spread Premium as part of their commission. The YSP can average between $1,000 and $2,500 per mortgage transaction. The lender (or broker) receives the Yield Spread Premium after closing. Wallis & Wallis, P.A. can assist you in reviewing the YSP, and may be able to help you return these funds to your financial control. Let us help you make an informed decision regarding your mortgage.
To speak with a Mortgage Law attorney who can advise you on the mortgage process, contact us today at 954-941-9005.
