Friday, May 31, 2013

How to Buy Property in Florida. Step 8 of 12.

Get a mortgage in Florida. If you decide to obtain finance in the US, bear in mind that most mortgages available to foreign nationals require a minimum 20 per cent down payment. Some even stipulate 30 or 35 per cent.
  • At the beginning of the process, make sure you obtain what is known as a Good Faith Estimate. This is a standardised document used to detail all the costs of obtaining your mortgage, including both monthly and one-off payments.
  • If possible, try to secure a self-certified mortgage. Unlike in the UK, this kind of mortgage does not necessarily carry a higher interest rate than a fully documented mortgage, and it could save you a lot of time and trouble spent assembling documents.
Source:Wikihow
Edited by Realtorplus, Mark Davis, Flickety, Penrus and 8 others
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1 comment:

  1. UnknownJune 18, 2013 at 7:57 AM

    At the start from the procedure, be sure you acquire exactly what is actually a Great Belief Estimation. This can be a standard record accustomed to fine detail all of the expenses associated with acquiring your own home loan, such as each month-to-month as well as one-off obligations.REO Properties for Sale

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