Florida Mortgage Planner

I'm a:	Just Looking
Location:	Pembroke Pines
Web sites:	ActiveRain Blog
	Florida Mortgage Report

Florida Mortgage Planner, in Pembroke Pines

52 Answers
14 First Answers
20 Useful Answers

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About Me

Owner of Solid Rock Mortgage Corporation and the author of several articles on mortgages, specifically strategic equity management.

I am also a pilot for American Airlines flying 737s internationally from Miami.

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Florida Mort…'s Questions (2)

Florida Mort…'s Answers (52)

Do you use your mortgage as a financial tool?

Asked Fri Jun 8 2007, 20:49 by Florida Mort… - Florida - Financing - 8 answers

Florida Mortgage Planner answered:

Rob...I am glad to see others out there get it. I have been a mortgage planner for years and posted this question to see how many out there do actually understand what I am referring to with that question.

By the number of answers and the length of time this question has been out there, it is very clear people just don't get it, or at least never thought about it. I hope readers realize there is more to a mortgage than just obtaining one to get a home. It really is beneficial to properly integrate one's mortgage into their overall financial and investment plans. - Wed Sep 12 2007, 06:31

Average number of days it takes to sell a single family home on Siesta Key

Asked Wed Jun 27 2007, 12:26 by John Mckie - 34242 - Home Selling - 5 answers

Florida Mortgage Planner answered:

The Inventory levels on the national level are about 7 months. South Florida tends to have properties on the market a little longer than the rest of the country.

That being said, there are things you can do that can help your home sell faster. Make the home more appealing inside and out (paint, mow lawn, etc.) is a great place to start. Decluttering the inside is one way to make the home more appealing as well, so pack up the personal items you don't really need and send them to storage.

There are many other things you can do, but getting a good Realtor would be a big help also as they can provide additional assistance in prepping, pricing, and marketing your home to make the sale as quick as possible. - Wed Jun 27 2007, 14:19

how do i know if i should hang on ho has the best rates to ref?

Asked Sat Jun 23 2007, 21:40 by Sue - 92056 - Financing - 4 answers

Florida Mortgage Planner answered:

Sue...Don't try to time the market when purchasing or selling real estate. Beyond that, you have to do what is best for your situation.

Regarding refinancing or holding the property, you need to find a trusted advisor in your area to properly analyze your situation and offer the best solution. Don't focus on rates alone as this will likely lead to the wrong advice. Remember that the lowest rate on the wrong loan program will cost more than a slightly higher right on the right loan program.

Focus on expertise and experience when seeking a trusted advisor to review your specific situation. - Wed Jun 27 2007, 14:12

What Percentages are Investors Looking For? (.70 cents on the dollar?)

Asked Thu Jun 21 2007, 06:12 by Joshua Jarvis… - Atlanta - Market Conditions - 8 answers

Florida Mortgage Planner answered:

Joshua,

Looking at flips only, then anything with over 20% discount is a good target. The higher the discounted sales price, the better, but I have found that as little as 20% will generate attention if it is a fairly good property. - Thu Jun 21 2007, 20:04

The primary goal of an investor is to make as much return on the investment as possible. To determine that, many factors need to be calculated.

If one is looking to buy and sell quickly, then they are looking at the ability to sell that property quickly and need to purchase at an amount less than it will sell for. Thet could be at a discount of 30%, but really it is up to the investor.

Other investors are looking at the long run and may not care about getting the property at a discount. They want to develop a portfolio of cash-flow properties ad that is their focus. - Thu Jun 21 2007, 14:18

Why do mortgage lenders take so long to decide whether to accept a buyer's offer for a short sale?

Asked Fri Jun 15 2007, 20:37 by Lola Audu - All locations - Foreclosure - 8 answers

Florida Mortgage Planner answered:

Banks are in the business to make money, not lose it. As with a seller trying to hold out for a higher price, they do what they think is best to make money. Just like a normal seller that holds out, sometimes it ends up costing more. - Thu Jun 21 2007, 14:24

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