What types of loans are available and what are the advantages of each?

Asked by Trulia Fort Lauderdale, Fort Lauderdale, FL Tue Mar 19, 2013

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marc jablon, Agent, Boca Raton, FL
Tue Mar 19, 2013
BEST ANSWER
To get answers to questions about mortgages, call a mortgage broker. In Fort Lauderdale, many realtors call Preston Ware. 561-329-0075. Http://www.PrestonWare.com

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com
0 votes
Chad Gray, Agent, Fort Lauderdale, FL
Wed Mar 20, 2013
Trulia Fort Lauderdale,

To learn about loans available and the advantages of each, your best bet is to contact a trusted mortgage professional. If you don't have one, here's a link where hopefully you can find one:

http://www.trulia.com/voices/directory/Fort_Lauderdale-mortg…

Please update us with your findings!

Chad Gray PA, Realtor
Luxury Living Fort Lauderdale
Coldwell Banker Residential Real Estate
754-300-6040

100% of clients rated our service as "EXCELLENT"!
http://luxurylivingfortlauderdale.com/what-clients-are-saying/

.
0 votes
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Tue Mar 19, 2013
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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 BK…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 w/cc
8) 85% LTV- No PMI - Super Jumbo
9) 80% LTV- Invest./Rental
10) 75% LTV- Foreign Nationals

--------STATED INCOME ALT up to Super Jumbo-----------
http://www.StatedIncomeALT.com
11) 80% LTV- FIX n’ 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

Steve McRory
Pro Option Mortgage/ Florida
steve@pro-option.com
#204296

Prior Service U.S. Marine Corps
====
0 votes
Fred Glick, Agent, Mountain View, CA
Tue Mar 19, 2013
Conventional, FHA, VA, USDA, Jumbo. Too much detail to describe differences but as of April 1, you must have 640 credit scores and a 43% debt ratio for automated underwriting.

There are no stated loans anymore and you usually need 2 years of tax returns if you are self employed that are averaged on the net. Also, all the money must be in the bank for at least 3 months.

Contact a mortgage broker to discuss your situation.
Web Reference:  http://usloans.com
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