Disclosure for Mortgage Qualification Calculator

This Mortgage Qualification Calculator is provided for informational and estimation purposes only. The results generated by this tool do not constitute a pre-approval, loan commitment, or financial guarantee. Actual mortgage terms, interest rates, and qualification requirements may vary based on the borrower’s creditworthiness, financial history, property type, and lender guidelines.

Key Disclosures:
1️⃣ Not a Loan Offer – The calculations displayed do not guarantee loan approval or specific terms. Borrowers must submit a formal loan application for official underwriting.
2️⃣ Interest Rate & PMI Variability – Interest rates and Private Mortgage Insurance (PMI) costs are subject to change based on market conditions, credit score, and loan-to-value (LTV) ratios.
3️⃣ Property Taxes & Insurance Estimates – This calculator provides estimated property tax and insurance costs. Actual amounts may be higher or lower based on county assessments and insurance provider rates.
4️⃣ Florida Homestead Exemption – Florida homeowners may be eligible for a homestead exemption that can reduce property tax liability. Consult a local tax assessor for details.
5️⃣ Condo & HOA Fees – If purchasing a condominium or home in a managed community, HOA fees and special assessments may apply. These fees can impact mortgage affordability.
6️⃣ Compliance with Florida Law – Mortgage financing in Florida is subject to regulations under Chapter 494, Florida Statutes, and oversight by the Florida Office of Financial Regulation (OFR). Lenders and brokers must comply with state and federal lending laws, including TILA (Truth in Lending Act) and RESPA (Real Estate Settlement Procedures Act).

For accurate mortgage terms and eligibility, please contact a licensed mortgage professional at Miami Capital Lending LLC.