why don't you tell the consumers(buyers) that you will charged them points on their loans and on top of that you will make additional commission for every loan you closed. BTW. On your intro to the end of your BLAH BLAH BLAH.... I didn't saw you offering part of your commission to buyers. YOU SHOULD PROVIDE A LIST OF BANKS AND MORTGAGE BROKERS WHO WILL HELP THEM PAY CLOSING COST TO ALL BUYERS.... WOW... I thought loan officers like you were long gone. I guess not!!!
Please select ANY condo in a 55+ community constructed around 1970.
Then call Steve and have him explain this great 5% down loan he can get you. Get the details and if there are 'buyer' incentives, ask how much he is contributing to these incentives.
Then please come back here and let us know the outcome.
We all want to be informed.
I love realtors, but I don't believe they should be giving out Mortgage info that is 100% wrong!
Sorry if anyone is offended, but just calling it like I see it.
BTW- I get a lot of consumers and realtors contacting me as it seems they appreciate straight forward talk.
As far as realtor commissions? Like every educated consumer, I believe that a 6% extraction of America's Tax Free Home Equity... $30,000 on a $500,000 home is simply rediculious...and avoidable!
As a Mortgage Broker, like all in my industry, has been the victims of countless realtors over the years who complain about our rates and fees no matter how low they are. So I developed a REALTOR REBATE Referral system for educated borrowers to avoid Forfeiting so much of their home equity in realtor points.
NOTE: consumers should shop lenders and realtors for their Best Overall Deal.
The Florida Real Estate Commission(FREC) Rule 61J2-10.028 (2) provides that a licensee may share brokerage compensation with a party to a transaction as long as full disclosure is given to all interested parties.
US Dept. of Justice Consumer Alert: Consumers Can Save Thousands of Dollars in Commissions
Contact me and Iâ€™ll introduce you to realtors who offer Buyerâ€™s Agent Credit savings anywhere in FL.
Pro Option Mortgage
Ph: 888 662 4404
Prior Service U.S. Marine Corps
Steve clearly has a personal agenda he likes to promote at any given opportunity - even if he has to create the "opportunity".
I can only assume he doesn't care about insulting the very people who could be a source of business.
I also find that consumers don't take well to abrasive or pushy personalities.
So - to each his own.
One way around the 20% down would be with owners financing. Many seller would be willing to hold a private mortgage.
Lower down payments are available on single family homes. FHA is back strong in lending and only requires a 3.75% down payment.
Let me know how I can best help you find your dream property and to take advantage of todays prices while we still have inventory.
FHA financing has come back strong. In addition to FHA there is also Home Path financing.
Both offer very low down payments.
Let me know how I can best help you find the real estate property that you desire and make that property your home.
Don't listen to those below who are uninformed and not up to date on available financing options for FL
95% condo loans are very rare but i can do them and no, they are not Homepath either!
See the 95% condo loan program at http://www.pro-option.com
Email me for more info
Alliance Realty Group
However, as Debra said, the complex has to be FHA certified or approve.
She has provided you the link that you can use to check if the unit you are interested in is in an FHA-approved complex.
if you are putting down 5%, you can potentially go for a conventional loan, but your credit scores will have to be higher than with an FHA loan