Many are inquiring about condo financing in Florida. https://youtu.be/8c7YX5TH0ow We had quite a few changes since the collapse of the building in surfside in 2021. Fannie Mae and Freddie Mac requirements to have a condo approved for financing have changed in February 2022. The guidelines are more “picky” especially on older buildings unless they've had their 40 or 50 year inspections and all recommendations for maintenance have been completed. For the condo- Please send me the name … [Read more...]
Fairway Advantage – How to beat other buyers with your offer
The Fairway Advantage (https://youtu.be/B59mfRdts40) The competition is fierce when it comes to putting an offer to buy a home. Sometimes a home can get 10 to 30 offers within a day of being put on the market. So how did you get an advantage and have your offer stand out? If you are a home buyer or a real estate agent helping a home buyer you can have benefit from using the Fairway Advantage option. This option is not offered by most banks or lenders. Loans for you through … [Read more...]
Why are home prices and interest rate on a rise for 2022?
Mortgage Rates and Home prices are going UP UP UP. You probably noticed that home prices have been on the rise and interest rate are following since January of 2022, But you may not know why. Hi I'm Racheli Refael a mortgage advisor here in Sunny South Florida. Let me go over 5 reasons why this is happening and what you can do to prepare. The unfortunate thing is that all those forces are happening all at the same time like The perfect Storm. Artificially … [Read more...]
Condo Vs House: Which Is Best For Your Lifestyle?
Some people love living in condos, while others swear by detached homes. When it comes to deciding between the two, however, you can't always rely on someone else's word. Sometimes it's as simple as understanding and assessing your lifestyle to make the best choice, since condo living and home ownership are two radically different experiences, and thereby serve two very different types of lifestyles and personalities. Here are a few considerations if you're trying to decide whether you should … [Read more...]
Three Tips To Get The Best Financing On Your Second Home Purchase
Are you buying a property as your second home? Perhaps you are looking for a small cottage or apartment where you can escape to for your vacations, or maybe you want to have another home closer to your relatives? Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can present a challenge. Generally, a mortgage … [Read more...]
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