Financing hints for buyers

By
Real Estate Broker/Owner with Ocean View Realty Group in Ormond By The Sea Florida BK559597

Financing hints for buyers

 A few hints for buyers who need to finance a real estate purchase.

-Obtain a recent credit report and review it with a mortgage specialist. There may be ways to raise your score prior to applying for a loan.

-Increase the down payment. Since risk-averse lenders are avoiding conventional 95 to 100 percent mortgages, an applicant who can make a 10 to 20 percent down payment is much more likely to be approved.

-Be prepared to verify income and assets. It's far more difficult to obtain "no-documentation" or "low-doc" loans today because of stricter underwriting standards.

-Apply for a government-guaranteed loan from the Federal Housing Administration (FHA) or U.S. Department of Veterans Affairs (VA). These loans can finance up to 100 percent of the purchase price.

For information about Ormond Beach and Ormond By The Sea Florida homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/.
Marion O'Connor is our sales specialist - ovforsale@aol.com
Deanna Thomas is our rental specialist - ovrentals@aol.com
Ocean View Realty Group
1350 Ocean shore Blvd. Suite A
Ormond Beach, Fl 32176
386-441-8245
Fax 386-441-2407
Toll free USA & Canada 1-800-356-3409
Vacation rental information is at www.ormondbeachcondorentals.com

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Have a great day

Al Raymondi
Ocean View Realty Group
1350 Ocean Shore Blvd. Suite A
Ormond Beach, FL 32176
Ormond By The Sea Florida sales and rentals of homes and condos www.ovrealty.com 
Click the Realtor Logo below to search the Daytona Beach Florida area MLS anonymously.
386-441-8245
Fax 386-441-2407
Mail to ovrealty@aol.com
Ormond By The Sea Florida Vacation rental homes and condos information is at www.ormondbeachcondorentals.com 

Serving Ormond Beach and Ormond By The Sea in the Daytona Beach Florida area from the same location since 1991.

Homes and condos for sale by ocean View Realty Group    Ormond Beach Florida homes and condos for Lease by Ocean View Realty Group       Search the Daytona Beach area MLS     View Al's Linked-in profile     Follow Ocean View Realty Group on Twitter

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Ormond By The Sea Florida - Home and Condo Sales
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