Can You Get A Loan For A Condo Involved In Section 558 Construction Defect Litigation?
Getting a loan to refinance or purchase a Florida condominium can be tricky. Especially if the condo or development is involved in a construction defect dispute, has Section 558 actions pending, has too many renters compared to owner-occupants, accepts short-term renters, or has other issues that deter conventional lenders. But getting a mortgage for these […]
Guide to non-resident and foreign national mortgages in Miami, Florida
If you’re entering the U.S. real estate market from another country, buying a home can seem even more daunting than it does to local Americans. Many foreign borrowers looking for a home or investment property here in the United States can find it difficult to navigate the mortgage process. Sometimes they lack the usual documents […]
Miami & Florida Jumbo Loan Limit & Mortgage Rates Guide
Updated: January 1, 2024 Miami and many other Florida cities are known for their higher-than-average property prices. If you need a loan that exceeds the jumbo loan limit in Florida, you’ll need a jumbo loan. Specifically, in 2024, if your loan amount is above $766,550 for a condo or single-family residence, then your loan will […]
How to maintain a good credit score
Just like bad credit can’t be fixed overnight, good credit takes time to establish. You can’t achieve or maintain good credit with unhealthy financial habits, so build a sound financial plan and follow it. A strong credit history and financial health are a long-term investment. To develop a good credit score, you will need to […]
Building Strong Credit: A Guide for Those Without a Credit Score
If you don’t have a credit score, you can easily begin to build strong credit. For a detailed understanding of how credit scores work, check out this comprehensive guide by the Consumer Financial Protection Bureau. Building good credit is key to getting approved for mortgages and auto loans with low-interest rates. By building credit now, […]
How to fix a bad credit score
What should I do if I have a bad score? Have a score below 620? Per Fannie Mae and Freddie Mac underwriting guidelines, if your credit score is below 620 your credit score is considered low. However, the good news is you can fix a bad credit score. It will take time. While there’s no […]
How to invest in Florida property as a foreign national
Florida has one of the largest numbers of foreign real estate investors in the United States according to the National Association of Realtors Florida. Non-U.S. borrowers can get financing from lenders, banks and other financing organizations. As a mortgage broker, we have extensive experience helping foreign nationals interested in investing in the United States. We […]
How to finance a non-warrantable condo in Florida
Are you looking to buy a new construction unit in a non-warrantable condo but are unable to get financing? Buying a new construction condo is a great investment. As in most cases, you’ll be buying at ground floor pricing. All your amenities are brand new and usually buildings allow you to put your own finishing […]
