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To become a mortgage lender in the state of Florida you need to have a Principle Loan Originator. To acquire this a person is required to take part in a 20 hour course and to have a passing mark on the National NMLS Test and the Florida NMLS Test as well.

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Q: What license is a Florida mortgage lender required to have?
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Does a co-signer on a home need to live in the house?

No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.


What is the required timeframe for mortgage lenders to retain files for paid off mortgage loans?

The timeframe for which a mortgage lender is required to retain files for a paid off mortgage loan depends on the state that the lender is in. Each state has their own laws regarding mortgages.


Is the lender required to sign the satisfaction of mortgage before they get the money?

Of course!


Which is not usually required by the lender when you apply for a home mortgage?

Renters Insurance.


When purchasing a home or condo in Florida are you required to get life insurance if it's financed through a bank?

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Is a property inspection required when a mortgage note is passed sold to another lender?

No.No.No.No.


What if you want to change the property of a mortgage loan?

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What does a primary mortgage lender do?

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How do you become a qualified mortgage lender?

A mortgage lender must be licensed and work within a bank, mortgage bank, or mortgage broker.


Do Florida Mortgage Lenders use the most up to date interest rates?

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Can you transfer a mortgage to another property if one party is now bankrupt?

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