Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in Miami : Real Estate Advice

  • All3K
  • Local Info258
  • Home Buying1K
  • Home Selling91
  • Market Conditions104

Activity 113
Tue Aug 27, 2013
Meg Sahdala answered:
Good afternoon,

I have a whole portfolio of private lenders and financial institutions, that can potentially assist you. Please contact me directly at meg@viviendarealtors.com and I will be happy to help. ... more
0 votes 6 answers Share Flag
Fri Jun 21, 2013
Caroltrulia answered:
Hi Donny Brashear

I have a reverse mortgage.Its name is reverse mortgage lenders direct.They are very helpful.You can get any answer from their.

http://www.reversemortgagelendersdirect.com/florida-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-rates/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-loan/
... more
1 vote 4 answers Share Flag
Thu May 2, 2013
Irina Karan answered:
There could be many reasons for this rejection.
Meet with another mortgage professional with good reputation to seek "second" opinion.
Request your credit report and the appraisal copy, and show them to your "second" opinion pro.
Once you know the reasons, ask for the ways to cure the problem.
Do what is suggested, step by step.

If you need the money asap though, and you can't wait, and other mortgage pros can't
do the refi at this time, only then - go with a hard money lender.
Use the hard money lender as the absolutely last resort (they are expensive).

Best of luck,

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 5 answers Share Flag
Thu May 2, 2013
Irina Karan answered:
Yes, reversed mortgage is great for those in retirement where the property is paid off,
and there is enough equity. It's like the "payback" time. The check comes back to the owner, instead of the owner paying the bank (hence, reversed).

However, some companies were overcharging seniors, so, like with everything else,
choose wisely and verify credentials.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 7 answers Share Flag
Thu May 2, 2013
Neil Sherry answered:
My company closes foreign national mortgages all over Florida.. We work with local banks and private mortgage lenders.. Please call me anytime 561-732-6376 neil@flmtgcon.com..NEIL SHERRY FLORIDA MORTGAGE CONSULTANTS NLMS 328117 ... more
0 votes 7 answers Share Flag
Tue Apr 30, 2013
Yanoska Diaz answered:
Our market has been so volatile throughout the course of the past six years, those who may have equity in their homes (profitable refinancing opportunities) may just still be considering when would be the best time to make a move or which move to make regarding their real assets, whether selling or refinancing. ... more
0 votes 2 answers Share Flag
Tue Apr 23, 2013
Sherlie Joseph answered:
Call 411 or 211 they will guide you , if needed I am available anytime just call me at 561-502-8844. Good luck!
0 votes 3 answers Share Flag
Thu Feb 21, 2013
Shirley Rico answered:
Good Morning Alison,

Anywhere from 2.875% to 3.25% for an 3-7 ARM but we also offer 30 year fixed rates.
Give me a call if you want to discuss further details.
Shirley Rico 305-949-5626 (loan). ... more
0 votes 2 answers Share Flag
Tue Feb 12, 2013
Meg Sahdala answered:
Improving a credit score is nothing more than making payments on time, keeping balances low on revolving credit, not closing unused credit card accounts, don't open new accounts in an attempt to increase the credit score, don't open accounts too rapidly.
I heard of several people that paid down their loans and their credit score actually went down. Its based on the algorithm. Apparently the algorithms used by the FICO are not programed to distinguish between people who have had installment loans and those who have never had an installment loan. Once the loan is paid off, the computer thinks you have never had a installment loan and scores you that way. I hope it helps...
... more
0 votes 3 answers Share Flag
Tue Feb 12, 2013
Jeri Patrick answered:
I would contact a local lender to see what loan options are available for you.
0 votes 25 answers Share Flag
Sun Feb 3, 2013
Miekeba Jones answered:
Hi Landesegal, credit does play an important role. With good credit the FHA home loan requires 3.5% down. A conventional loan would be around 20% down. If you are unable to qualify for either than a last resort may be a hard money lender for 35% down. If you want to put down 50%, it is totally up to you. ... more
0 votes 7 answers Share Flag
Wed Dec 12, 2012
Margarita E. Postovit answered:
I would recommend you to get in touch with a Mortgage Banker, located in Miami, I personally work with much successes.
Her name is Linda Romaelle, tel: 305 450 8400
0 votes 7 answers Share Flag
Tue Nov 6, 2012
Carmen Sanchez answered:
That's a great concern. You could look into commercial real estate loans los angeles ca but judging by the previous answers you might have a few options available for you. Good luck with your investment! ... more
0 votes 5 answers Share Flag
Fri Sep 14, 2012
Fort Lauderdale Luxury Condos And Homes answered:
We recommend that you contact a mortgage broker, they have a better understanding of this question.
0 votes 8 answers Share Flag
Wed Sep 12, 2012
Marco Torres answered:
Hello George,
Closing cost is associated with the fees of of your lender, all fees related to the property and title, and government fees and taxes. It is very difficult to give an exact number because it depends on so many factors but as rule anywhere from 4% to 6 % of your purchasing price.
Your lender will give a good faith estimate on your closing cost.
Please feel free to call me for any questions.
Good luck hunting,

Marco Torres
Miami Premier Realty
Cell 305-903-3123
mtorresrealtor@aol.com
... more
0 votes 4 answers Share Flag
Wed Sep 12, 2012
Lila Henry answered:
Good Morning Mr. Hugo,

As realtors we are not allowed to provide legal advise to buyers or sellers. What we can do is offer suggestions to you on helping you navigate through this mess. This is a clear case in which you will have no choice but to contact a real estate attorney to review the contract that was executed and he/she can then advise you of what your rights are under the contract. Depending on how your contract was written and who holds the escrow deposit that will allow your attorney to guide you on what the steps are in your specific situation. I do have a real estate attorney that I work with that I can suggest for you, please feel free to contact me and I can forward that information to you.

Lila Lopez
RE/MAX Advance Realty
homesbylila@yahoo.com
305-772-2521
... more
0 votes 5 answers Share Flag
Wed Sep 12, 2012
Xoliva2004 answered:
Work out all your financials on paper before you call. Lower your expenses. Don't put $600 in food put $300.00 Work the numbers and if you need income, rent a room
0 votes 6 answers Share Flag
Thu Sep 6, 2012
eoamen answered:
IN NEED OF CASH URGENTLY?

AVAILABLE LOANS FROM $500 – $300,000,000

No more declines or embarrassments...

Get loans for:
• Personal use
• Debt consolidation
• Home renovations
• Medical emergencies

We also do combination loans.

GOOD or BAD credit welcome.

Come let us help you.

Our exceptional service, fast approvals and same day payouts, makes us the first place to call if you need a loan.


CONTACT US AT
website: http://morgage-loan-firm.gnbo.com.ng
Email: morgageinvestment@gmail.com
... more
0 votes 6 answers Share Flag
Wed Aug 15, 2012
Bombo answered:
I am looking for an Investment financing bank or company in Miami for a Loan in the Caribbean > St Vincent in the Grenadine Islands ASAP. Please contact me if you or know any institution that does these investment loans in Miami,dgutierrz@yahoo.com ... more
0 votes 13 answers Share Flag
Fri Jun 8, 2012
Nereida Figueroa answered:
All Depends about Location, if you need areas Listings like Redland, or horse country, more than glad to provide with information very accure. Write me at nfigueroa3199@hotmail.com
0 votes 2 answers Share Flag
1 2 3 4 5 6
Search Advice
Search

Followers

998