|
| |
investment: April's updates on www.themortgagegotoguy.com from The Mortgage Go To Guy!! - 05/03/08 07:57 AM
Catching you up if you haven't stayed on the RSS Feed or Facebook feed
Here's what April brought...plus a Google PR3 again.
Keep checking in!
Get your IRS Tax Rebate Check NOW… well, soon! The Lakeland Ledger had a great article for Florida residents who can’t wait to receive their IRS Stimulus Checks.
To the right you’ll see a great graphic they have on the website that is interactive and will tell you generally when to expect your check via Direct Deposit or by Check. You can only receive your money via Direct Deposit if you filed your taxes … (0 comments)
|
investment: Florida Mortgage | Foreign National Homebuyers - "Dollar weakens on Subprime Woes" is good news for you! - 07/10/07 06:53 PM
Today my Google Alerts popped up with a story from DowJones' MarketWatch.
Euro at high vs. dollar amid subprime worries
This is great news for Foreign National Buyers in the US.
"The euro was up 0.7% at $1.3717. The dollar was down 0.9% against the yen at 122.12 yen. The British pound was up 0.5% at $2.0255."
As the US Dollar continues on its weakening trend, Foreign Investors and Foreign Nationals looking to buy investment and/or vacation homes in Florida will continue to benefit from:
Low Interest RatesHigh InventoryLow Property PricesCancelled Contracts on New ConstructionForeign Nationals will also be able to experience some Return on Equity - … (19 comments)
|
investment: Florida Mortgage | Foreign National Homebuyers: Seasoning Funds in US Banks - 06/27/07 09:37 PM
Foreign National Homebuyers typically purchase properties both Second Homes and Investment Properties in Vacation and Resort areas.
With the Florida real estate market being on a downswing but still chock full of new development, Foreign Nationals are finding now to be a great time to purchase their vacation homes in Florida. The weak dollar versus the Euro and British Pound makes this a great time for Europeans!
During the purchase transaction, most lenders require funds equivalent to closing costs plus six (6) to twelve (12) months of PITI (Principle Interest Taxes and Insurance) payments to be placed in a US bank account. The lender … (11 comments)
|
investment: Florida Mortgage | Foreign National Homebuyers: How to get your Loan Started! - 05/28/07 04:24 PM
Florida is a HOT market for Foreign National's to purchase both Second Homes and Investment Properties.
A Foreign National Loan is a very simple process if you have your documentation in place. Here is a great checklist to use when you want to get the ball rolling on that process.
Documents needed for a Foreign National Loan Program:
Personal Reference Letters from Country of Origin. Bank Statements from a US Based Bank.Information for Employment Verification Copy of Valid Visa Copy of Passport All letters must be translated into English by a certified translator.
For more information about Foreign National Loans and how to get your … (12 comments)
|
investment: Florida Mortgage | Foreign National Homebuyers: Europe has come calling! - 04/10/07 09:50 PM
Wow... the Sun Sentinel has finally caught wind of the Europeans that are buying en masse in South and Central Florida these days!
The article speaks of why Western and Northern Europeans are growing fonder of the area for both the lifestyle and climate.
They printed this map showing that most of the European Buyers are from the UK.
There are also many from Denmark and Holland.
Right now, Mortgages for Foreign Nationals are at an all time high. It is easier now than it has been in years to get financing at attractive rates.
That was actually a point missed by the journalists. Loan Programs … (24 comments)
|
investment: Florida Commercial Mortgage | Debt Service Coverage Ratio - 02/20/07 11:21 AM
DEBT SERVICE COVERAGE RATIO or DSCR
What is it?Who came up with this? Why do we need to know another math equation? How can it save a deal? or a client? Wikipedia defines DSCR as this:
The debt service coverage ratio, or debt service ratio, is the ratio of net operating income to debt payments on a piece of investment real estate. The higher this ratio is, the easier it is to borrow money for the property. The phrase is also used in corporate finance and may be expressed as a minimum ratio that is acceptable to a lender...
To Learn More read: Florida Commercial … (1 comments)
|
|
|
|
|
|
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
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)