40 Years' Legal Experience in Orlando, Florida


Central Florida Mortgage Facts

For many prospective homeowners, the mortgage is the most intimidating part of buying a house. Which loan best fits your housing needs and your financial situation? How about real estate as an investment?

In the State of Florida, mortgages can be broken down into two basic categories: a fixed rate mortgage or an adjustable rate mortgage (also called an ARM).

Some borrowers select fixed rate mortgages because the payments are predictable, which makes it easier for homeowners to create and stick to a budget. Fixed rate mortgage payments are a bit higher, but as a homeowner, you avoid unwelcome surprises in your home loan payments because your interest rate doesn’t change. The rate is locked in, therefore the payments stay the same.

Other borrowers opt for adjustable rate mortgages because, initially, the payments tend to be lower, making the house appear  more affordable. However, adjustable rate mortgages are just that: the borrower takes the risk that rising interest rates will make for a higher house note farther down the line. The rate is not locked in, therefore the payments may change.

Pierce & Associates, P.L. is an Orlando business and real estate law firm that specializes in mortgage loan issues and other real estate matters in Orlando and the greater central Florida area. We can help you look at your housing needs and your current budget, and walk you through the process of buying or selling property in Florida with ease.

Florida native John Gerald (Jerry) Pierce has more than 40 years of experience as a real estate attorney; Mr. Pierce is also a real estate broker. Pierce & Associates is a proud AV-rated* law firm that has served a number satisfied sellers and buyers throughout central Florida and the Gulf Coast region.

If you’re thinking about buying or selling your house or property, please contact us today to schedule your initial consultation at (888) 316-9923, or fill out our intake form.

We are here to help when you need it most – whether that involves a mortgage issue, a real estate transaction, wills and trusts, probate litigation, business formation or litigation. Please get in touch with us today!