Financing in Cape Coral>Question Details

Rick Ziemba, Home Buyer in Cape Coral, FL

With all of the current foreclosures and short sales in the Cape Coral area, how easy is it to get a

Asked by Rick Ziemba, Cape Coral, FL Sat Mar 29, 2008

mortgage? What are current rates & how much downpayment required?

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For a Real Estat e and Financing Package i can help .One Stop Shoping lot of savings.
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0 votes Thank Flag Link Sun Apr 6, 2008
Like Nancy said it is more determined by your FICO score and debt to income ratio. Many other factors come into play. Our company it TIME; we handle both real estate and mortgages. You can check out our website at You will find lots of information; and if you like, fill out an application and we can get you started.
Della & David Booth
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0 votes Thank Flag Link Sat Apr 5, 2008
You will need at least 3-5% down payment in a best case scenario. There are no lenders who will do 100% financing. If there are PLEASE contact me because I would love to ask you a few questions. Lee County is considered a declining market and thus is more heavily criticized by all lenders. Let me know if you have any questions.
0 votes Thank Flag Link Sun Mar 30, 2008
Hi Rick,
Just as everyone has said, you have many factors to take into consideration. I have lenders that can still do 100% finance. If you have decent credit you should have no problem. If I where you I would consult with a good mortgage broker or your personal bank and see what options they can offer. If you need the name of one that specializes in Cape Coral; just let me know.
Have a great day,
0 votes Thank Flag Link Sat Mar 29, 2008
The banks have tightened up the purse strings. The terms of a mortgage will depend upon many factors, such as your credit, the amount of equity that you will own in the house over and above the mortgage, to a name a couple. You can be pre-qualified by a bank or by a mortgage broker. Please feel free to contact me. I will be glad to assist you in all of these matters.


Lloyd Nichols
cell: 239-810-2980
Fax: 239-463-4826
home office: 239-463-5217

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LLoyd Nichols
Right Choice Realty LLC
6360 Presidential Court, Suite 4
Fort Myers, FL 33919
0 votes Thank Flag Link Sat Mar 29, 2008
It will depend on your credit... Good credit = no problem, Bad credit = more problems.
Down payment will depend on the financing plan you go with.
Get with a buyers agent to help you through the process. You can do on line research (like you're doing now) to find answers visit my home page for info.
Marty Wyatt
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0 votes Thank Flag Link Sat Mar 29, 2008
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