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affordable housing: The Mortgage Go To Guy!! Mid-June Update - 06/16/08 10:21 PM
Foreign National Loan Posts
Foreign National Loan Programs and Loan Limits In an effort to help my Foreign National clients buy Real Estate in Florida with confidence, I am creating this quick and easy chart for Mortgage Programs. Based on the lenders that will lend to Foreign National buyers in Florida here are the Documentation Levels and the Loan to Values to consider. Foreign Investors: Buy more property in Florida!!» Foreign Investors have long been an important part of the Real Estate industry in Florida. From Miami to West Palm Beach - From Argentina to Quebec, and that’s just counting the … (2 comments)
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affordable housing: Florida Real Estate Development | Introducing Vertical Real Estate Logistics - 03/21/08 09:59 AM
It has been a while since I have posted on ActiveRain as I have been busy with a new venture and writing quality content for my main site www.themortgagegotoguy.com
So now I would like to finally introduce you to the new company which our fellow ActiveRainer Billy Berthiaume and I have started...
Vertical Real Estate Logistics, LLCTaking Real Estate Developmentsfrom Concept to CompletionJust as the name implies, Vertical was born from the needs of real estate developers to have someone working on the "Logistics" of their operations.
Our company is an integrated operations that helps Real Estate Developers with: (see Our Services … (3 comments)
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affordable housing: Florida Real Estate Development | Martin County Florida - 12/17/07 03:44 PM
The Palm Beach Post had an article ( link )this week regarding developers in Stuart Florida - the county seat of Martin County Florida. The city officials are bracing for an influx of developers looking for extensions on their development timelines.
Due to the market conditions they have been unable to continue their efforts to develop land that they purchased 2-3 years ago. Planned Unit Developments that are reaching the end of their original approved building timeline are now in jeopardy of ever being built due to the lack of financing available for new construction… and not just in Florida!
The … (0 comments)
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affordable housing: Florida Affordable Housing | great choice for your College Student than the dorm or apartment - 12/16/07 10:09 AM
Trying to figure out where your college student will live while he/she is at school?
Dorm is reserved for freshman? Frat house is only for parties? Off campus apartments are in terrible condition and expensive? Consider buying an affordable housing condominium for your student instead!
Using FHA loans, you can qualify as a non-occupant co-borrower and have your child on the loan to purchase a great condominium or townhouse near campus.
Why would you consider it?
First of all, Credit. This is a great credit builder.
Secondly, most students prefer living with a roommate, who pay rent to your … (4 comments)
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affordable housing: Florida Real Estate | Affordable Housing - 12/13/07 02:58 PM
Are you a developer in Florida and you are looking to build some residential developments but can't figure out the sales angle?
Look no further than affordable housing. Building in the $150,000 - $275,000 range was definitely neglected over the past years of real estate boom. Now it is not only a much needed niche market, but it is a market that has a lot of potential for sales.
Look at it this way... what do buyers want in affordable housing?
Affordable housing isn't sold by pretty pictures and huge events to blow out the units... it is sold in … (0 comments)
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affordable housing: Florida Affordable Mortgage | 100% Loans are Available - 10/10/07 08:57 AM
Did I stutter? I do mean it... there are 100% loans available both for purchase and refinance transactions.
No... I am not one of those scumbags trying to lure you into a dangerous loan! If you've read my posts at all, you know I'm definitely not about bad loans for good people.
Here's what I am about... helping people buy the home they want and need... and refinance the loan that is about to start hurting them financially...
These affordable mortgages are FHA and Fannie Mae loans - a.k.a. Government Backed. They are safe loans with only a few options.
Here are the loan features:
Full Documentation Seller … (6 comments)
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affordable housing: South Florida Affordable Housing: Political Trade Offs - 05/12/07 09:53 PM
Catching up on some news today, I saw some big issues being brought up in the ongoing Affordable Housing debates in Palm Beach County, Florida and Broward County, Florida.
I want to isolate a few interrelated issues to get the ball rolling as the sum total of Affordable Housing is just a big complicated mess. Hopefully this will inspire some people to start delving into some of the problems and open their eyes to the areas for improvement everywhere - not just Palm Beach County, Florida.
For more on this story, please follow this link>> More Florida Mortgage and Real Estate … (2 comments)
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affordable housing: Affordable Housing Initiatives in South Florida: Part 7 - A Web of Inception ... - 03/27/07 09:54 AM
I don't like doing the cut and paste thing... but I don't want to rewrite this information and claim it as my own either.
I found this site through some heavy duty searching for affordable programs. Most of these programs do require specific purchase prices, sometimes particular communities or developmental areas and a few require specific lenders - most you can choose to use me!
Anyway, this is fairly comprehensive on the VERY affordable housing area.
> More Florida Mortgage and Real Estate News You Can Use FromDavid A. Podgursky, MBAThe Mortgage Go To GuyYour Source for Residential, Commercial, Investment and Relocation Mortgages in … (3 comments)
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affordable housing: Affordable Housing Initiatives in South Florida: Part 4 - The Resurrection of the Condo Conversion! - 02/22/07 12:24 PM
You know... a funny thing happened to me on the way to the forum...
Driving around I have noticed that there might yet be a solution to HELP not fix but HELP some of the affordable housing shortages...
PRICE DROPS
Specifically on condo conversions and new communities that DO have immediate availability. I've noticed that The Colony Townhomes at Boynton Beach specifically has lowered their prices! This past week, in fact, they dropped the prices $10,000. Sure, they're still $319,900... but that's affordable per the State and County!
But that's not all... so many developments have had contract cancellations, poor sales and stalled inventory … (2 comments)
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affordable housing: Affordable Housing Initiatives in South Florida: Part 3 - New Tax Bill - 02/22/07 10:21 AM
I TIVOed the local news the last night because they were reporting on a new bit of legislation to combat high property taxes....
http://www.wpbf.com/news/11071939/detail.html is the link to the story.
The bill is a trade-off. They want to try to eliminate property taxes in favor of a higher state sales tax. So the goal is to potentially move from 6.5% to 8.5% sales tax. That is a 30.7% jump!
State law makers are worried that they would not be able to make up the difference in taxes if they did this. I agree. Think about it. 8.5%... the dollar menu at McDonalds would now cost … (1 comments)
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affordable housing: Affordable Housing Initiatives in South Florida: Part 2 - Precontruction - 02/14/07 09:43 AM
AFFORDABLE HOUSING?? - Section 2: Preconstruction
Part 1 is here.
So in November, an acquaintance of mine left me a voicemail that she had a "Hot Hot Hot" lead for me...her sister. I was flattered and called her back. She said she was in the middle of meetings so she'd be brief. There was a new community about to be announced in Boynton Beach, Florida that was affordable housing. It was going to start in the low $300's... I let out a little chuckle when she said that number. Her sister was going to get in line for reservations and she wanted me … (10 comments)
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affordable housing: Affordable Housing Initiatives in South Florida??? - 02/06/07 09:07 AM
This is my first official post so I will proceed with more of a question than an article... more of food for debate!
I just closed an amazing loan for a client referred to me by a Realtor I have been helping get started. It was a tough one with minimal income and ok but marginal credit. I used a Neighborhood program and got him in with a great rate etc... it is a great first-time homebuyer/affordable housing story that I'm sure to tell many times over... it got me thinking about affordable housing and the people I've worked with. I had … (4 comments)
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David A. Podgursky, PA
Boynton Beach,
FL
More about me…
Boynton Beach & Lake Worth Florida Real Estate Broker Associ
Address: Boynton Beach, FL, 33437
Cell Phone: (561) 504-6949
Email Me
Boynton Beach Florida | Boca Raton Florida | Commercial, Residential, Investment Mortgage Loans | Foreign National | Refinance | Serving Palm Beach, Broward, and Miami-Dade Counties in Florida Blog by The Mortgage Go To Guy
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