Location, Location, Location--does it meet my needs and desires. The best way to find that "needle in a haystack" is to work with a realtor. We can do a lot of the work for you, and make your search easier. Once we, as a team, find the right property, then knowing how to bring an offer, a negotiation, and a closing to fruition is of tantamount importance.... more
Honesty and integrity are by far the most important. To many agents, like other people will lie and do what it takes to close regardless of your best interest. Some extend you can understand if you think about it, they make money by closing not advising what's best for you.... more
Of course! When interest rates are low, investors are more likely to buy property and be able to extract a higher ROI, which means more money to invest in more projects. It allows people to maximize profits on their real estate investment with less of a burden.... more
I like to use an app called financial calculator. You can find it at fncalculator.com and it allows you to put in all sorts of variables when determining paying off various loans. It comes in handy and is very user friendly. In the app version (available on Google Play and the Apple Store) you can type in your loan amount, interest rate, length of loan (in years and months) and it will automatically come up with your payment. There is a spot where you can put in an extra payment and will calculate not only how many months you'll save but also the amount of interest saved. Let me know if this was helpful! :)... more
USDA loans. You have to meet income requirements. 640 score minimum. The property MUST be in a "qualified" area. You get a low interest rate (currently 3.25%) for 30 years. NO down payment. In most cases, the closing costs can be rolled into the home loan. Go to USDA.com and on the left column you will see "property eligibility." Type in the prospective address and it will tell you if it is in a qualified area.... more
Hello Michael, while Sandestin is a great place to live and retire, the association fees here tend to be a little on the steep side. It is true you can bike and walk to almost everything you could want, including supermarket, boutique shops, entertainment, and there is a great movie theatre being built right now at Grand Boulevard that you could use a golf cart to access. A great breakfast spot is right in Baytowne, which is called "Another Broken Egg". In that price range, there are some other communities springing up such as Whispering Lake, which is a new community being built by DR Horton. The Mack Bayou area in general has multiple opportunities in that price range, and is close to hospital, shopping, etc. There are other communities coming up all the time which might fit your needs. There is also a community known as Bayside, which is close to the outlet shopping, groceries, hospital, and many other amenities. There is also a community called Seascape which has a varied assortment ranging from newer 2006 construction to older townhomes and condos built around a golf course.
If you find any of these ideas interesting, please do not hesitate to contact me for further information. You can find me on my cell phone at 850-305-6256, or email me at MykeSaysSold@aol.com, or you can visit my website at www.DestinHomeRealty.com to access the multiple listing service anytime you so choose.
You can contact me and we can determine exactly how much you can qualify for. Miramar Beach actually qualifies for the USDA Rural Housing Mortgage program, which allows a buyer to get in with zero down! You can reach me at 850-362-6901, ext. 2 or you can email me at firstname.lastname@example.org. I would love to assist you and get you to stop paying your landlord's mortgage payment!
Waterstone Mortgage Corporation... more
Good afternoon! This may or may not be out of line. First of all, how much are you borrowing? The loan size dictates your basic closing costs. The larger the loan, the higher the costs. However, if you are looking at a HUD-1, the total amount would include both the closing costs AND the prepaids (escrows). If your homeowners insurance policy is at the end of its term, then those costs might include the full renewal of the policy. As well, by the time you make your first payment, you tax bill will almost be due. Thus, that is probably included as well. Another non-closing cost charge would be the odd days interest. If you close early in the month, they will collect the interest from the day the loan funds until the last day of the month....then the clock starts ticking. This could be substantial.
Regardless, you should still shop around to see what others offer.
Lenox Mortgage, Inc.