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Home Buying in Miami : Real Estate Advice

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Activity 870
Wed Sep 12, 2012
Stephen McRory answered:
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The main reason you are having issues is directly due to this Massive Over Regulation that is preventing Lenders from loaning to millions of good Americans which is taking away their dream of homeownership....PERIOD! FACT!

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0 votes 3 answers Share Flag
Thu Sep 6, 2012
Stephen McRory answered:
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David,

Generally 620 is the cut off for many lenders. However, with a minimum of 20% down, and compensating factors, you might be able to buy with closing costs paid for you.

Response from a retail Bank Rep. after I asked her how many of the below programs they can offer: Honestly Steve, after reviewing them, I don’t think we can do any of these. We are pretty vanilla, Straight FHA VA conventional. I will keep your flyer and if I run across anyone we can't help I will send them your way. thanks


100% LTV- USDA/12 mo. into Chapter 13 BK is OK!
100% LTV- VA/can pay off debts on purchases too!
99% LTV- FHA

97% LTV- No PMI/MI and No 1.75% FHA FEE

95% LTV- No PMI

95% LTV- CONDO

90% LTV- No PMI-2nd Home

90% LTV- JUMBO w/cc

85% LTV- NO PMI to Super Jumbo
80% LTV- Invest. Prop.


STATED INCOME ALT loan programs: www.StatedIncomeAlt.com

80% LTV- FIX n’ FLIP Invest. Prop.

80% LTV- NEW- Stated Income Alt

75% LTV- NEW- Foreign Nationals- Stated Income Alt

75% CLTV-NEW- after Short Sale, BK or Foreclosure

70% LTV- Soft and Hard Money -Stated Income Alt

LOT/VACANT LAND LOANS- Comm

COMMERCIAL PROGRAMS (many programs available nationwide)


Steve McRory

Pro Option Mortgage/Florida

www.pro-option.com

steve@pro-option.com

Ph: 888 662 4404

Prior Service U.S. Marine Corps
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0 votes 6 answers Share Flag
Tue Sep 11, 2012
Nereida Figueroa answered:
Entire Miami have high net rental income. About to buy two properties and the amount you have is 140K, that's another story. Properties prices rise so fast and areas with Location, Location and Location cost more than what you have. Single Family homes out of your budget and townhouses too, so your money is good for condominium. Need more information showing the answer above, more than glad, just call me at 305 519-3199 or nfigueroa3199@hotmail.com ... more
0 votes 5 answers Share Flag
Thu Sep 6, 2012
Steven Epstein, P.A. answered:
Generally, ost areas east of I-95 and more so E of US1 and the coastal areas are great and get more expensive the closer to the water.
0 votes 9 answers Share Flag
Thu Sep 6, 2012
Michael Deluca Tuddenham answered:
David hey! Yes I have homes available. If you desire a quick and easy experience, please contact directly. There is some more information that is needed from you to make it happen. Thanks.

Michael Deluca T.
305 487 2616
Beachfront Realty Inc
Mike@FloridaTopRealtors.com
FloridaTopRealtors.com
... more
0 votes 12 answers Share Flag
Fri Nov 25, 2016
MARCO HUAMAN answered:
Effectively. While VA doesn't require a minium credit scores, most lenders require at least 620, and 600 with compensting factors.
0 votes 24 answers Share Flag
Mon Sep 3, 2012
Pablo Torres answered:
Hello,

Being a former commercial banker, there are banks offering RES Contructions loans.

All the parameters have to fall in place.

If you need my assistance, please feel free to contact me.

Kind regards,


Pablo Torres
AF Realty, LLC
786-205-6988
pabtorres@af-realty.com
www.miamibuyproperties.com
... more
0 votes 5 answers Share Flag
Mon Aug 27, 2012
Pat Palmer answered:
Hello Guerrayoel,

With interest rates as low as they are, you are looking in the right price range. I do have two suggestions:
1. Get pre-approved by a mortgage lender. That way, you will know for sure that you qualify.
2. Begin searching different areas for homes that fit your needs.

If you need help with #1, let me know. I can refer to to several lenders that will be willing to help.
For #2, feel free to access/register on the MLS Home Search page of my website. You can find, adjust and save homes of interest. You can access this through the web link below.


Pat Palmer-Realtor
Boca's Best Broker
Direct: 786-286-6557
Email: patpalmer@kw.com


Keller Williams Boca Raton
2424 N. Federal Hwy. #318
Boca Raton, FL,33431
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0 votes 6 answers Share Flag
Mon Aug 27, 2012
Pat Palmer answered:
Hi Carlos,
I agree with James. If you would like, feel free to access and register on my MLS Home Search from the link at the bottom. You can see every home, at any price point, in the areas you are looking.

Pat Palmer-Realtor
Boca's Best Broker
Direct: 786-286-6557
Email: patpalmer@kw.com


Keller Williams Boca Raton
2424 N. Federal Hwy. #318
Boca Raton, FL,33431
... more
0 votes 7 answers Share Flag
Fri Aug 31, 2012
Stephen McRory answered:
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As a Florida Mortgage Broker, after I see others respond, I'll tell you what i think.

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0 votes 14 answers Share Flag
Tue Dec 10, 2013
Steven Epstein, P.A. answered:
Contracts for Deed are NOT financeale in FLorida by a 3rd party lender, the lender of that is usually the Seller and "low credit" IF under 580 you wont get a loan from a traditional lender. Please tell me more, need specifics like: 1) address of property you're buying; 2) Your phone number to dicsuss this; 3) your job, income, length on the job and more if you want help please call me Monday 305-328-9524 Ext 103 Thanks Steve E ... more
0 votes 5 answers Share Flag
Fri Sep 21, 2012
Stephen McRory answered:
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If you need a loan, very best case would be 20% down in in S. Florida.

2 questions:

What is the sales price? and

Have you already seen the home with a realtor yet?

www.pro-option.com
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... more
0 votes 16 answers Share Flag
Thu Aug 23, 2012
Tina Lam answered:
You can check with the county tax records to find out. But, does it matter?
0 votes 5 answers Share Flag
Sun Sep 2, 2012
Stephen McRory answered:
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with 25% to 30% down and a pre-qualification letter ...start making offers on homes!

BUT DO NOT CONTACT A REALTOR until you contact me first!

See loan programs here: www.pro-option.com

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0 votes 13 answers Share Flag
Sun Nov 4, 2012
Fernando Galindez answered:
Buenas noches Sr. Luis, Ud. empezó el proceso de compra de la manera correcta, hoy en día se necesita una pre aprobación de un banco para hacer una oferta seria. Este es el mejor momento para comprar ya que las tasas hipotecarias están en los niveles más bajos desde la década de los 60

Si desea trabajar con un agente con experiencia comprobada para ayudarle a identificar la propiedad adecuada a sus posibilidades económicas y estilo de vida puede llamarme al (954) 548-8116 o escribirme a la dirección f_galindez@yahoo.com.


Fernando Galindez, SFR,CDPE,TRC
Charles Rutenberg Realty,LLC
www.myreoexpert.com
http://www.facebook.com/pages/Galindez-Real-Estate-Group/208347382517595
... more
0 votes 5 answers Share Flag
Sun Aug 19, 2012
Nelida Gomez answered:
GOOD MORNING !!! CALIFICADO POR EL BANCO POR CUANTO ? Y QUE TIPO DE PRESTAMO? TIENES QUE TENER PRESENTE QUE TIPO DE FINANCIACION ES LA QUE TIENES PARA PODER EMPEZAR EN LA BUSQUEDA PORQUE NO TODAS LAS PROPIEDADES CALIFICAN PARA LA MISMA FINANCIACION .
TODO ESTO INFLUYE EN LA BUSQUEDA ,SI LA PROPIEDAD TIENE ALGUNA ILEGALIDAD O NO SE ENCUENTRA EN BUENAS CONDICIONES NO CALIFICA FHA.
CON UN PRESTAMO CONVENCIONAL ES UN POCO MAS ACCESIBLE PERO LA PERSONA TIENE QUE DAR UN 20% DOWN.

HAY PROPIEDADES QUE SOLO REQUIEREN OFERTAS CASH
FHA CON EL 3.5 % DOWN PAYMENT.
CONVENCIONAL 20% DOWN PAYMENT

Nelida Gomez
Short sale especialista
RealtorAssociate
LUXUR REALTY
8410 nw 53 terrMiami, Fl ,33166 ste #100.
(786)547-7270 Cell
E-MAIL:nelyproperties@yahoo.com
http://nelidagomezrealestate.sef.mlxchange.com/
... more
0 votes 4 answers Share Flag
Sat Aug 18, 2012
Cristina Ziegert answered:
Hola Luis,
Con mucho gusto y dedicacion ! Tenemos muchas propiedades disponibles - condos y casas a diferentes precios para seleccionar.. Para mayor informacion favor comunicarse con ZIEGERT INTERNATIONAL REALTY, LLC - www.ziirealty.com - telf: 786-413-7170 ... more
0 votes 2 answers Share Flag
Thu Aug 23, 2012
Tamika Moses answered:
Hello it is hard to find a place within that price range, as proces continues to go up. I can help you find a place within the range but I can look on the MLS for you and try and find something for you. I can be reached at the info below, and my services are free. I look forward to speaking to you and helping you close you real estate transaction.



Thank you,
Tamika Moses
Keller Williams Realty
tmrealtor@yahoo.com
954-404-4646
... more
0 votes 2 answers Share Flag
Fri Aug 17, 2012
Nereida Figueroa answered:
BEST ANSWER
Nereida Figueroa, Agent, Miami, FL Title companies up to date are more accuare due to the many changes in their regulation thru the government. Let them to give documentation needed for closing. If you need more details like to check every document in that case you need a Real Estate Lawyer ... more
0 votes 2 answers Share Flag
Thu Aug 16, 2012
Rosa Hernandez answered:
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