Buying Florida

Giving you details on these steps of taking a loan application:

1. Taking the loan application
2. Pulling credit
3. Electronically sending package
4. Uploading your documents
5. Getting home inspection
6. Next part of the series is the loan in processing

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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

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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

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

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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

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.

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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

1.Loan amounts have increased in Florida for 510,400

• What does that mean in terms of higher purchase price
• With homes prices going up how does that help

2.FHA 203k - increasing the streamline from 35,0000 to 50,000

3. What is going on with the 3% down programs

4. Bad credit - what are your options?

1. Shopping rates and your bank gives you a rate that is incredible

• Did they get a CD
• Did they deliver on what was quoted
• Were you able to speak to them during the process
• Did you get what you were told? Did you understand it
• Time to go to closing, did you make it on time?
• What lessons to learn from that

2. The vibe! Do you have it

• have you been referred by someone such as a realtor, banker, coworker, family member
• now for the  vibe, do you have good energy level with the person you are dealing with and at the same time did you learn from them
• you cant get to second base without taking your foot off of first

Didier and David discuss:

1. What type of financing
2. Ordering a home inspection
3. Ordering appraisal
4. Ordering title
5. Ordering insurance
6. Ordering survey
7. Ordering pest inspection
8. Doing a walk thru
9. Wiring funds