Buying Florida

Shortage of escrows

Taxes are low from the previous owner

Next year you get a letter from the lender

Shortage – who pays and what happens

Now there is a new payment and still a shortage 

What happens

How do you prepare 

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The closing – 3part of the 3 series pack

What happens from underwriting to closing with the lender Then what happens to closing to title !. soft pull 2. verbal phone calls

Title company getting figures and what happens next

Then time to wire funds and what happens next

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So, what is the first step to getting a mortgage in Florida? Watch the video to learn more.

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The loan application is taken, you signed your docs and uploaded your docs, what is next in the loan process? Learn more about what happens behind the scenes to get your loan approved.

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Should you lock in your mortgage rate or float it? Covering insurance shopping as well.

1. Is it wise to float your rate?
2. What are the risks involved
3. What strategies can you do in the future to improve on your rate
4. Shopping insurance – what do I do and what do I need to know
5. Property taxes – portability? What - homestead

Learn more and watch videos at www.ddamortgage.com

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In this episode of Investor Loans I cover:

1. Low credit scores – 500 mid scores
2. 1 day out of bk or foreclosure
3. Foreign nationals
4. What types of properties
5. Close in an LLC and a trust
6. Unlimited seller contributions
7. No reserves
8. Property flips okay

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This episode covers: 

1. Why would you refinance
2. Will it be a rate term refinance
3. Will it be a cash out refinance
4. How do you consider it when you have a first and second mortgage
5. Does it make sense to refinance a loan when you already have a low rate
6. Should you go back to a 30 year fixed, 15 10 or ?
7. Paying closing costs or not – you here about that
8. Getting a credit at closing
9. Do you have escrows or not
10. Do you have your existing survey and owners title to save money
11. When refinancing good time to look at what you are paying for insurance and doing an overhaul on the total payment

Get more info at www.ddamortgage.com

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Covered in this week's episode:

1. Purchasing a home with just a bank statement on a owner occupied
2. Purchasing a home with just a profit and loss on a owner occupied
3. Purchasing an investment property with just rental income
4. No doc loans on investment properties

The increase in loan amounts for Florida

1. Fha
2. Conventional
3. Va
4. Fha203k

Contact me and learn more at https://www.ddamortgage.com

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That's an important question to consider.

What are the seller paying for property taxes now?

Does it benefit you to close now or later?

What not to do with the seller If closing in January.

Also discussing Portability.

Get more info at www.ddamortgage.com

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• Limited Review - what does that mean and at what loan to value & why go to a limited review
• Full Doc Review - what is entailed and what do you need to know before spending money
• What type of financing are on condos and what should you know, re:
• VA
• FHA
• Conventional
• The cost of a condo form that needs to be completed on a full review - what can you expect

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