Financing

Think Green, Bee Green



Mortgage 101 by Michele Bellisari
With over 175 informative documents and interactive tools, Mortgage 101 can help you find the answers to your mortgage questions. View current interest rates, sign up for a monthly newsletter, use interactive calculators and more.




www.seasidebank.com

It is important that the Realtor and the lender communicate! An out of state mortgage professional doesn't understand the South Florida market...period. It is always best to use a local lender that does the same deals, the same types of condos and the same types of financing over and over.

Best advice: Get your paperwork together NOW!!! If you have a credit score in the 500's you will not get a loan! You have to show income! You have to have income tax returns!

Financing in today's market is interesting and can be accomplished if you communicate with your Realtor and you lender.

Condo's are tough...period. However it is the newer condos, the conversion condos and the condo's that investors purchased that are not being approved.

Tip: Once you decide to buy a condo, please remember that lenders have a condo review along with the underwriter approval. It takes time to get this all done.

FHA only has certain condo's approved, lenders will not do spot approvals.

The easiest properties to purchase are single family, villas and townhomes. Anything with a lot and block in the legal description. An HOA is different from a CONDO.

The good news is this...we get most of our deals closed because we do the due diligence up front.

The bottom line in today's market is...

PATIENCE, ORGANIZATION, EXCELLENT TEAM WORKING FOR YOU!