broward county: Florida Homebuyers; do you need some help with $$$$$
- 09/12/18 05:27 AM
well the Florida Housing Finance Corp is busy doing what they do. They have just recently announced some new down payment and closing cost assistance programs available statewide. the headliner, in my opinion is a
4% Grant
a grant is where you don't pay back the $$$...ever
okay who gets it? well there are some very specific guidelines for income, purchase price, etc. and you do need to be a first time homebuyer or someone who has not owned a home for the previous 3 years, or a
Veteran
so lenders don't seem to mention this often but our Veterans are exempt from the … (1 comments)
broward county: Reverse Mortgages; what do I know
- 09/07/18 07:17 AM
okay, so today many/most lenders will advertise that "they" offer reverse mortgages. But really, do they? and what do they know about the program? maybe... you should be asking what do i know? well, despite the fact that i had been involved with reverse mortgages for an extensive period of time, when i joined Fairway they gave me the opportunity to go to the corporate office for 3 full days of training. And when i say they "gave me the opportunity" i really mean that they insisted on it, if i wanted to offer reverse mortgages while at Fairway. well after grumbling about it … (4 comments)
broward county: Reverse Mortgages; the top myths & misunderstandings
- 07/11/18 05:46 AM
please let me make this very clear. at this time i am only discussing the FHA HECM, government insured home equity conversion mortgage. *you cannot lose your home. the FHA guarantees that you can stay in your home as long as you maintain the home and pay your taxes and insurance *when you pass your heirs will make the decision to sell your home, or pay off the balance and retain the property. they may purchase the home for 95% of the appraised value, or the current mortgage balance whichever is less. *when you acquire a traditional loan a lien is placed on the … (0 comments)
well the Florida Housing Finance Corp is busy doing what they do. They have just recently announced some new down payment and closing cost assistance programs available statewide. the headliner, in my opinion is a
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