Financing in Miami : Questions & Answers

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Harry Saheli, Real Estate Pro in Miami, FL
Harry Saheli answered:
I paid cash for an investment condo in Miami and would like to draw out some equity. Is anyone doing these loans currently?
Please contact Mr. Toro at 877-5003001 at the consulting company for the free information.
Have all the details ready about the property and your current financial documents in order ... more
0 votes Share Flag Tue Dec 27, 2011 Financing in Miami
Tamarah Riga…, Real Estate Pro in Deerfield Beach, FL
Tamarah Rigaud answered:
my girfriend and my we wnt to buy a house for the first time i did babkrupsy one year ago but my girfriend her credit is good we make together 120k
Hi Loukas,

It all depends, If you filed a chapter 7 or 10. in any case one of the major purposes of bankruptcy legislation is to afford the opportunity to a person hopelessly burdene ... more
0 votes Share Flag Sun Oct 30, 2011 Financing in Miami
Villalta, Real Estate Pro in Miami, FL
Villalta answered:
NRA and 1 Mil USD down.What is max loan I can get and what terms?
as a foreigh investor you need 30% down payment
0 votes Share Flag Thu Oct 27, 2011 Financing in Miami
Carlos Escam…, Real Estate Pro in 33186
Carlos Escamilla answered:
I just purchased a duplex, paid cash for it, but i want to know how soon can I pull the equity out, and or what are my options as far as getting cash?
yes you can.
You have an option call cash out, and you can do it within the last 30 days after purchases easily.
Other options please contact.

German Mesa
Tell Him ... more
0 votes Share Flag Tue Sep 27, 2011 Financing in 33142
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
how long do you have to be on title in the state of florida to be able to get a refinance loan?
1 day, unless you are trying to take cash out, then it's 6 months with conforming loan programs or you need to prove a continuity of obligation, or unless you are trying to use the ... more
0 votes Share Flag Fri Jul 8, 2011 Financing in Miami
RAISA ARAYA, Real Estate Pro in Doral, FL
RAISA ARAYA answered:
I am a foreigner trying to Buy realstate in Miami. What are financing options for foreigner national loans?
Try Benny Garcia 305-926-6808 He has all kind of loans. Good luck.
0 votes Share Flag Thu May 2, 2013 Financing in Miami
Annette Levi…, Real Estate Pro in New York, NY
Annette Levinson answered:
Are there any banks that will finance an investment property in Miami?
It really depends upon the property. If it is a condo-maybe, since it depends upon owner occupancy, foreclosures and etc. For a SFR no problem. If you have aproperty in mind, you can co ... more
0 votes Share Flag Wed Aug 15, 2012 Financing in Miami
Sherry Green…, Real Estate Pro in Boynton Beach, FL
Sherry Greenwald answered:
I want to buy in coconut grove and I have enough for a 20% deposit however I do not have a credit history at all.
Dear Miami Homebuyer,
It is possible to obtain a mortgage even if you have no reporting credit scorse. Lender will require alternate credit: cell phone bill, gym membership, electic or ... more
0 votes Share Flag Sat May 21, 2011 Financing in Southwest Coconut Grove
Craig Pattbe…, Real Estate Pro in Midvale, UT
Craig Pattberg answered:
does the Condo complex have to be on FHA approved condo list in order to get a FHA loan?
Haven't check lately but it always has been a requirement in the past.

0 votes Share Flag Wed Jul 17, 2013 Financing in 33183
$tarvest, Both Buyer and Seller in Florida
$tarvest answered:
Condo lender for Plaza Del Prado bldg South, Aventura, FL?? Condo has pending lawsuit, HELP
Do you have any reference to that lawsuit? What is the claim, and for how much? is it against the unit, the south building or the condo ass'n as a whole?
0 votes Share Flag Tue Apr 12, 2011 Financing in Miami
Sarah Goulart…, Real Estate Pro in Bourne, MA
Sarah Goulart Nathe answered:
My husband and I are planning on buying our first home (FHA, pref.) but under his credit only - should we file our 2010 taxes jointly or separate??
You should definitely talk to a tax advisor and mortgage lender about this, I am not sure of the implications in Florida.

But, having done the same thing in Massachusetts, I would sa ... more
0 votes Share Flag Fri Feb 11, 2011 Financing in Miami
Karen Ray Le…, Real Estate Pro in 32757
Karen Ray Levy Mt Dora Realtor answered:
my wife has great credit but cant prove income we 50% down any options other than a hard equity lender

If you and your wife are over 62 there is a program where you can put 50% down.

Happy house hunting
0 votes Share Flag Wed Feb 9, 2011 Financing in Miami
Tom Priester, Real Estate Pro in Jupiter, FL
Tom Priester answered:
I am an Australian investor wanting to buy 3 SFH worth $300,000 each in Miami. I have $300,000 cash and need get a loan approval. How do I get start?

South Florida is a great area and there are amazing opportunities in today's market throughout the region. I can tell you that, in my humble opinion, there is no safer in ... more
0 votes Share Flag Fri Jan 14, 2011 Financing in 33179
Mott Kornicki, Real Estate Pro in 33154
Mott Kornicki answered:
Yes Easy! Yabadaba

We have it with 30% too. RU Hard Money, due in 7 years..... or long term Alternate Funding.

Depends too on the property type and quality....

Never Buy a F ... more
0 votes Share Flag Sat Jan 29, 2011 Financing in Miami
GEORGE CADMAN…, Real Estate Pro in Miami, FL
how can i apply?
Apply for what? Mortgage? Job? Property? HOA??
0 votes Share Flag Sun Nov 14, 2010 Financing in Miami
Annette Levi…, Real Estate Pro in New York, NY
Annette Levinson answered:
Are lenders willing to lend in downtown Miami?
The amount we will finance in Miami depends on the condo. Is it FHA approved, if it is you only need 3.5% down. I would suggest you find a realtor who knows the buildings.
0 votes Share Flag Tue Jan 4, 2011 Financing in 33132
Alma Rose Kee…, Real Estate Pro in Tampa, FL
Alma Rose Kee, P.A. answered:
If A Condo Or Townhome States That It Qualifies For Fannie Mae HomePath, Then Can We Assume It Will Also Qualify For FHA Financing?
Hi Maria,

FHA requires a condo to be on their approved list.

HomePath rates are higher but you will not have to pay monthly mortgage insurance or an upfront mortgage insurance so ... more
0 votes Share Flag Sat Sep 11, 2010 Financing in Miami
Lydia Wietsma, Real Estate Pro in Mesa, AZ
Lydia Wietsma answered:
I live in Miami. I have an approved FHA loan with Bank of America. My question is where can I find home payment assistance in Miami?Thank you.
Have your Real Estate Agent look for only homes that are offering assistance in your MLS system. Some sellers are willing to help with closing cost to get their home sold including ban ... more
0 votes Share Flag Tue Aug 31, 2010 Financing in Miami
Spirit Messi…, Real Estate Pro in 85716
Spirit Messingham answered:
FHA 203k or Homepath?
Talk to a lender, have them run the numbers so you can make an educated decision. If you don't know a lender, your Realtor should know of a good one. If not, start at where you ... more
0 votes Share Flag Sun Sep 5, 2010 Financing in Miami
Bob McClure-…, Real Estate Pro in Walled Lake, MI
Bob McClure- Real Estate Investing answered:
in the miami area, are there any banks/mortgage comp willing to mortgage homes with 5% or 10 % down payment. excellent credit scores two incomes
hi..i would be glad to accomodate your mortgage needs..over fifteen years experience..
best regards-
bob mcclure-
first preferred mortgage-
southfield, michigan-
0 votes Share Flag Sat May 22, 2010 Financing in 33175
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