If you are considering getting a mortgage, for the purpose of a home' it's important to investigate several lending sources before deciding where to borrow. Both the amount you can borrow on a particular home, and the amount of interest you will be charged can vary, from one lender to another. Remember that while the difference in interest may, seem very small it can add up to thousands of dollars over the total years of the loan. With any mortgage you should recognize that the longer, the repayment period the more interest you will pay. On the other hand a shorter repayment, period will mean higher monthly payments which you may not be able to meet. Always try to get a written agreement, which will allow you to pay off the mortgage before it is due without penalty. In to days market there are many type of fixed, and flexible mortgages available. Make sure that you fully understand all of your options, and qualifications before you choose the type, of mortgage for the purchase of your home. Make sure that you read, and completely understand, any written agreement before you sign, and don't accept any oral promises, insist that the company put any promises in writing on the contract. In Florida, lending institutions are licensed and regulated by the State Comptrollers Office. Call before doing any business to make sure the company is registered 1-800-848-3792.