When entering into a 1031 exchange one often does not consider the ancillary costs that come with closing the transaction. Often the assumption is made that these costs will be subsidized by the 1031 exchange proceeds. However, while some of these costs certainly can be bankrolled by the tax deferred exchange, some cannot. Knowing how … Read more
Florida FHA Mortgage, Florida FHA Loan, Florida FHA Lender FHA loans have been helping Florida homebuyers become homeowners since 1934. How does FHA help? The Federal Housing Administration (FHA) – which is part of (HUD), provides mortgage insurance to insure private lenders against loss. The mortgage insurance allows private Florida lenders to lend up to … Read more
Florida a Low Down Payment home Loan To be considered for a low down payment Florida home loan, you generally need to have: Sufficient income to support the monthly Florida mortgage payment Enough cash to cover the down payment Sufficient cash to cover normal closing costs and related expenses (explained below) Within the recent 12 … Read more
“Where to go… …when the bank says “No”? Private Finance is designed to suit those customers that fall outside the normal lending parameters and need a more creative approach to meeting their financial needs. Normal banking institutions, who are governed by Mortgage Insurance and credit funding guidelines, restrict their ability to fund the applicants which … Read more
It’s not very often that a borrower takes into heavy consideration what his loan to value is when shopping for a loan. In fact, if the subject is brought up by the customer, it’s mostly in relation to avoiding paying monthly mortgage insurance. But sometimes, a loan to value can affect even more aspects of … Read more