Tony Marks

"Marks & Marks Financial"

I'm a:	Real Estate Professional
Company:	Marks and Marks Financial
Location:	Saint Petersburg
Web sites:	My Blog
	My Web site
Phone:	(727) 698-7264

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About Me

Recently I Co-Founded Marks & Marks Financial, LLC. A full service mortgage broker dedicated to individual financial relationships with each and every customer. With over 7 years of mortgage experience (5 of those with First Horizon,) my goal is to continue building long lasting relationships with every customer. Expertise in real estate finance ranges from first time home buyers to setting up construction permanent financing up to $1,000,000. FHA and VA approved.

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Tony Marks's Answers (33)

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Asked Wed May 14 2008, 10:59 by Jc - Grand Rapids - Home Buying - 8 answers

Tony Marks answered:

Right now, FHA is probably going to be your best bet. 97% LTV home financing is still available through FHA, and the rate you've been quoted, (6%), is fair. A year ago, many lenders still offered 80/20 combo loans, and 100% financing loans. But those are seemingly non-existent now. - Wed May 14 2008, 11:13

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Asked Wed May 14 2008, 10:48 by Jc - Grand Rapids - Home Buying - 8 answers

Tony Marks answered:

FHA mortgage rates will fluctuate, but it won't be directly because of the Fed Fund rate, or the discount rates. (fed rate changes impact credit cards, home equity lines, etc.) FHA rates tend to move up or down less frequently and with moderate change compared to the conventional mortgage rates. 6% is a pretty good rate; I've been offering that with no points lately, for 30 year fixed mortgages. (as of 5/13/08). - Wed May 14 2008, 11:09

I lived in Florida for 30 years on Madeira and Redington Beach. I moved to South Carolina because it was the

Asked Fri Dec 14 2007, 11:28 by Marcia - 33708 - Foreclosure - 18 answers

Tony Marks answered:

Hi Marcia,

My parents live on Madeira Beach and are starting to see some really great values (for buyers) in their area. Personally, my wife and I are considering a move closer to water in the next year or so. (We're in Saint Petersburg now). I would say this is great time to buy. - Thu Dec 20 2007, 08:21

Need a NO MONEY DOWN mortgage for a property that's selliing for UNDER it's assessed value.

Asked Mon Oct 8 2007, 12:32 by Clyde Dougla… - Mannsville - Financing - 4 answers

Tony Marks answered:

Fannie Mae's "My Community", (which is available through many lenders besides Bank of America), is usually priced a little higher. The best bet would probably be FHA, with sellers paying up to 6% towards closing costs. - Mon Oct 8 2007, 12:51

Are there loans that allow me to buy a new house before my old house has sold? What are the parameters?

Asked Fri Oct 5 2007, 07:18 by Nadia - Cumberland - Financing - 7 answers

Tony Marks answered:

For well qualified borrowers, "Bridge Loans" achieve this goal. The bank will provide you with equity from your current home that can be used for closing costs, downpayment, and even to perform temporary and permanent rate buydowns. The negative side of these loans are that they usually are balloons, and are due in 12 months. - Fri Oct 5 2007, 07:36

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