In a recent post, we discussed the difference between conventional and conforming loans. In this post, we will talk about the difference between a conforming loan and a non-conforming loan, also called a “jumbo” loan. What is a Conforming Loan? A conforming loan is a mortgage that conforms to the loan limits for Fannie Mae […]
READ MORE
What is the Difference Between Conforming and Conventional Loans?
One of the most popular types of mortgages for borrowers in Miami and throughout Florida is the conventional loan. Sometimes, people refer to conventional loans and conforming loans as if they are the exact same thing. But are they? Actually, there is a difference between a conventional loan and a conforming loan. Technically, a conforming […]
READ MORE
What Are Your Options for Financing the Purchase of Land?
Interested in buying land in Florida for a commercial or residential construction project? If so, one of the questions you will need to answer early on is, “How will I finance my land purchase?” There are a number of options for financing land purchases. Let’s take a look at the pros and cons of each […]
READ MORE
4 Reasons to Invest in a Multi-Family Property in South Florida in 2021
If you have been considering investing in a multi-family property in South Florida, you might be wondering if this is the year to jump on some valuable real estate. You might have planned on purchasing property last year, and ended up delaying your plans because of coronavirus. Is now the time to make a move? […]
READ MORE
Top Fix and Flip Mistakes to Avoid
In Miami and throughout Florida, there are many incredible opportunities to fix and flip real estate. But if you are just getting into fixing and flipping, it is important to know what pitfalls to avoid in the process. That way, you can streamline the process as much as possible and maximize your return on investment. […]
READ MORE
Refinancing Out of a Hard Money Loan: What to Know
There are many reasons why borrowers choose hard money loans to finance property purchases. It could be that there were issues with your credit, or maybe you were looking for a streamlined loan process so you could move fast on a property. Or perhaps you were planning to fix-and-flip. Regardless, if your needs have changed, […]
READ MORE
4 Myths About Jumbo Loans
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
