While shopping for a home, one of the types of loans you may be considering is a jumbo loan. This type of mortgage lets you borrow more than the Fannie Mae and Freddie Mac limits permit for conforming mortgages. There are a lot of things that you might have heard about jumbo loans that are […]
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Addressing the “Drawbacks” of Stated Income Loans
If you do not have a W-2, are an investor, or are between jobs, you might be considering applying for a stated income loan in Florida. While stated income loans offer a fast and easy application process, you may be wondering whether they have any drawbacks. Let’s take a closer look at the two potential […]
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Hard Money Loans Pros and Cons
Considering applying for a hard money loan in Miami? These types of loans are useful for a variety of purposes. These include buying a home when you do not have perfect credit, fixing and flipping real estate, and other applications. But you may be wondering whether a Miami hard money loan is worth it. Let’s […]
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What to Know About Applying for a Construction Loan Today
This year has led to massive disruptions across all industries, and commercial real estate development is among them. If you have been planning a commercial construction project, you probably have encountered multiple obstacles you did not expect this year. But does financing need to be among them? Not necessarily. You might worry that you will […]
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Types of Home Purchase Loans to Consider During COVID-19
This is a challenging time to shop for a home with respect to logistical considerations. But it is also a time when you can take advantage of a market with fewer competing buyers. Along with needing to conduct a lot of the business of buying a home over the internet and phone and not in […]
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5 Reasons to Choose an FHA Loan in Miami
As a homebuyer in or around Miami, there are a number of different types of mortgages you can choose from, one of which is an FHA loan. This type of mortgage is insured by the Federal Housing Administration. Why should you consider an FHA mortgage? Following are a few key reasons. 1. Your credit score […]
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7 Things You May Not Know About VA Loans in Miami
If you are a veteran, active-duty service member or eligible surviving spouse, and you want to apply for a home loan in Miami or elsewhere in Florida, you should consider applying for a VA mortgage. If you meet the service requirements to qualify, a VA loan can help you purchase a home in FL with […]
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What to Know About Applying for a Fix and Flip Loan in Miami
If you want to fix and flip in the South Florida retail market, you’ll find that there are many opportunities throughout Miami and the surrounding region. But make no mistake—South Florida’s fix and flip market features some steep competition. What does that mean for you as an investor? 1. The more capital you have, the […]
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How to Qualify for a Mortgage When You Do Not Have an Ideal Debt-to-Income (DTI) Ratio
The two most important financial metrics which mortgage companies consider when deciding whether to qualify you for a commercial or residential loan are your credit score and your debt-to-income (DT) ratio. A high credit score can help to offset issues with your debt-to-income ratio. But if your DTI ratio is particularly high, that can still […]
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Common Commercial Loan Mistakes to Avoid
In the process of applying for a commercial real estate loan, and want to give yourself the best chances of approval? Then you need to try and avoid making common mistakes when choosing a Florida commercial lender and applying for a suitable loan. Let’s go over some of those possible mistakes now. 1. Not having […]
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