Bryan Knight - REALTOR Â®, SFR Â®, AHWD Â® / Mortgage Loan Consultant
The Brenparc Team
Greater Orlando Realty USA Inc.
Approved Mortgage Source
NMLS # 859840
407-756-5517 - Direct
407-951-5129 - Fax
if you are in need of a Mortgage Loan to purchase your new primary residence, please feel free to contact me regarding all approval requirements.
Have a great day!
Lic. Mortgage Specialist
NMLS# 299 244
We offer VA, USDA and low credit score options with FHA down to 580. FHA only requires 3.5% down and is an excellent loan for first time home buyers. If credit repair is required we have rapid rescore options that can improve your credit scores in as little as 48-72hrs. The path to home ownership does not have to be difficult if your work with the right lender. We lend through a national bank and close purchase loans in ALL 50 States with no restrictions.
We also have hundreds of Realtors in our network as we sponsor the Real Estate Agent Investment Project. This means not only can we offer you financing but at the same time we can introduce the right professional Realtor to help you with your purchase. Our purchase department typically closes loans in 10-15 business days so home ownership may only be a few weeks away.
We have agents standing by to speak with you today. Call 1-877 -455-4677ext 6058
We are here to help every step of the way.
Unless you can qualify with both house payments, you'll need a legit signed 12 mo. lease with 1st month's rent and Sec. Deposit showing in your account before you close. And if that family member has the same last name as you, the lenders who would allow this, would want extra proof that its not a scam.
However, if you need to use the rental income to qualify, best case is thru lenders who require a min. 20% down.
97% LTV- NO PMI
97% LTV- CONDO- NO PMI
90% LTV- 2nd Home- NO PMI
90% LTV- JUMBO- NO PMI
85% LTV- Super Jumbo- NO PMI
85% LTV- Invest. /Rental
80% LTV- Foreign Nationals
70% LTV- Manf. Homes over 90k
STATED INCOME ALT -up to Super Jumbo
90% LTV- Short Sale, BK, Foreclosure Forgiveness
80% LTV- FIX nâ€™ FLIP Invest. Prop.
75% LTV- Soft and Hard Money
75% LTV -COMMERCIAL PROGRAMS- upper 4.00% range, 25yr amort.
If you benefit or have benefited from any of my advice or comments on this site, I ask that you please make a donation to the Wound Warrior Project: http://www.woundedwarriorproject.org/
Pro Option Mortgage/ Florida
Ph: 888 662 4404
Prior Service: U.S. MARINE CORPS
A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM) is a relatively new product. A reverse mortgage provides unique benefits for its target market: someone over 62 who lives in his/her primary residence, who has substantial equity in his/her home, and who has little or no income. A reverse mortgage is a loan against the equity in your home that you don't need to pay back for as long as you live in the home. If an individual is a senior citizen and does not intend on moving out of his or her home for some time, a reverse mortgage may be an option worth considering. Eligibility is set by the Federal Government; The Federal Housing Authority FHA tells HECM lenders how much they can lend you, based on your age and your home's value. However, the up front costs and bank fees can be very high.
Sorry, I was didn't read the question correctly.
Depending on the loan program, you maybe able to rent your current house out and use the rent money even if you owe more than its worth.
Now, few programs allow this, but you may have options.
See programs below, then contact me to talk about how to minimize payments and reduce out of pocket costs.
1) 100% LTV- VA / (VA Jumbo @ lower ltv)
2) 100% LTV- USDA/12 mo. into Chapter 13 BKâ€¦OK Too
3) 99% LTV- FHA / (FHA to 580 score @ lower ltv)
4) 97% LTV- No monthly MI-No FHA 1.75% Fee
5) 95% LTV- CONDO
6) 90% LTV- No PMI -2nd Home
7) 90% LTV- JUMBO
8) 85% LTV- No PMI - Super Jumbo
9) 80% LTV- Invest./Rental
10) 75% LTV- Foreign Nationals
--------STATED INCOME ALT up to Super Jumbo-----------
11) 80% LTV- FIX nâ€™ FLIP Invest. Prop.
12) 75% LTV- Foreign Nationals
13) 75% CLTV- Short Sale, BK, Foreclosure Forgiveness
14) 70% LTV- Soft and Hard Money
15) LOT/VACANT LAND LOANS
16) COMMERCIAL PROGRAMS-available nationwide
Go to: http://WWW.PRO-OPTION.COM or call 888-662-4404
Pro Option Mortgage/ Florida
Prior Service U.S. Marine Corps
Your wording in your post was correct, you want to buy a second house, meaning an investment property.
You can't buy a 2nd home and rent it out on a 12 mo. lease as that would be occupancy fraud and loan fraud.
Best case on an Investment Property loan would be at an 80% LTV (20% down), and with rates so low and values jumping back up so fast, I say buy NOW!
BTW- I'm practicing what I preach, I submitted an offer on a property yesterday as I can't see letting this time pass me by without taking advantage of these prices when they are going up so fast!
Whether youâ€™re, buying, or building your dream home, you have a lot riding on your decision. Market conditions and mortgage programs change frequently, and I welcome the opportunity to serve your needs with quick and accurate real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives. Get my top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage. If you are already working with a lender, donâ€™t be shy to give me call so I can price the same mortgage for you with less cost. What do you have to loose but your money?
Ensuring that you make the right choice for you and your family is my ultimate goal. And I am committed to providing my customers with mortgage services that exceed their expectations.. As always, you may contact me anytime by phone, fax or email for personalized service and expert advice.
I look forward to working with you!
16800 N. Dallas Pkwy, Suite 290 | Dallas, TX 75248
Office: 972-646-2411 | Cell: 214-418-7022 | Fax: 214-614-4637
Bank of England /dba ENG Lending: NMLS# 418481
The average price of a home here is 133. There are several great deals in the Orlando area. I have a ton of tools that can help you decide what is best for you. I can help you with the rental price if you have not already have one in mind. The 135-150k budget is a great price range. Take a minute to look at my profile to find out more about me. Hiring the right team makes all the difference. I look forward to earning your business.
Exit Realty Central
There is different factors that you have to have in consideration...
Do you have a mortgage in your current home? Are you purchasing your second home with a loan?
Ideally you want to cover your mortgage payment on first house with your rental income.
And get the best house under your range according to your financial situation. (loan or cash)
Are you purchasing a bigger house than what you have now? this will help to get a better idea of what kind of interest rate you'll get... Are you down sizing? let me know if I can help... I'm sure anybody that answered will get you a great advise..
Hope you are well. I can get both goals done quickly, check recommendations on my page, speak to you soon.
Vincent Warren Paige, Jr.
REALTORÂ® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.807
The Management Fee which is 10% of the rent per month
The Leasing Fee which is Â½ of the first monthâ€™s rent.
Lease Renewal fee of $150 when the tenantâ€™s lease expires and we re-execute a new lease (hopefully for a higher rent amount!)
We donâ€™t charge any Advertising fees while the property is vacant, and we donâ€™t mark up the cost of any repair work and no up front fees. Email me and I will send you a copy of our Owners Info Guide that will give you some more information too. You can also view our website at : http://www.allcountysterling.com
Please email or call if you have any question.
Jon Schaffer, Property Manager/Realtor
All County Sterling Property Management
Office: 407-674-5601 Ext. 5
"The finest compliment I can receive is a referral"
It would be my pleasure to assist you in this endeavor. Whether you just need to talk about what it is that you want or actively start looking, I'm here to help. :-)
Check out my website to see the available properties in the areas that you want. You can send me an email/text/or call me and we can discuss your purchase and rental.
~Don't worry, I'm not a pesky broker. I'll only send you what you want when you want it!
Diana M. Perez, J.D.
Broker/Owner | Professional Real Estate Team, LLC.
Direct:(407) 729-3560 | Fax:(407) 933-0731
The details of how to accomplish this depend upon some variables. It will depend upon how much income you have as well as your assets, including the home. Some lenders want that home rented at the time when you apply for another loan but once again it depends upon how much buy power your have.
I know a few lenders that I could recommend to you that would work with you to accomplish your goal.
Exit Realty Centrall
407 234 4323
I can help you with the purchase of your second home. Give me a call or send me an email with your desired location, home size and time frame.
407-230-7807 or RealtorKateFL@gmail.com
Kate Paris, Realtor
Charles Rutenberg Realty
1900 Summit Tower Blvd.
Orlando, FL 32810