Member of: NRMLA, AARP, National Aging in Place Council, National Care Planning Council, FAMP, Royal, Palm Association of Realtors.
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.
HARP 2.0 is a refinance option for homeowners that are “underwater,” meaning they owe more on their home than their home is worth.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.
A physician mortgage loan is an exclusive type of home financing designed to meet the unique financial needs of physicians, dentists, and other eligible medical professionals.
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.
Balloon mortgages include a note rate that remains fixed initially, and the principal balance becomes due at the end of the mortgage term.
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and becomes fixed for the remaining duration of the loan.
I have had some interesting, if not shocking conversations with multiple sources over the last several days to the effect of: “I’ve heard that mortgage rates have gone down over the last several days.” To be frank, as of yesterday the US 10-year Treasury yield has increased by over 32 bases points in the last…
Did you know that when you dial 211 from almost anywhere in the United States or Puerto Rico, you are connected with a trained professional in your area who can connect you with resources and assistance for essential community services. It works just like dialing 911 where calls are routed by the local phone company to…
Original Article: https://www.floridarealtors.org/news-media/news-articles/2021/02/come-down-fla-attracts-retirees-and-many-more By Erica Plemmons Florida Realtors economist: Marketing to out-of-staters and wondering which demographic group to target? The most-cited reason for moving to Florida is retirement (39%), but many others come for the jobs (23%), the lifestyle (21%) and family (17%). ORLANDO, Fla. – Americans from the Northeast and Midwest continued to go…