Buying Florida

How can you save money on getting a mortgage   Appraisal Survey Owners title Shopping insurance Day of the month that you close Origination     Support the show

getting rid of pmi is based on new appraisal or the original  does it make sense to refinance how do you determine value - thru zillow? tune and learn Support the show

Shortage of escrows   Taxes are low from the previous owner Next year you get a letter from the lender   Shortage – who pays and what happens Now there is a new payment and still a shortage  What happens How do you prepare    recommendations Support the show

   The closing – 3part of the 3 series pack   What happens from underwriting to closing with the lender Then what happens to closing to title !. soft pull 2. verbal phone calls   Title company getting figures and what happens next   Then time to wire funds and what happens next Support the show

So, what is the first step to getting a mortgage in Florida? Watch the video to learn more. Support the show

The loan application is taken, you signed your docs and uploaded your docs, what is next in the loan process? Learn more about what happens behind the scenes to get your loan approved. Support the show

Should you lock in your mortgage rate or float it? Covering insurance shopping as well.   Is it wise to float your rate? What are the risks involved What strategies can you do in the future to improve on your rate Shopping insurance – what do I do and what do I need to know Property taxes – portability? What - homestead Learn more and watch videos at www.ddamortgage.com Support the show

In this episode of Investor Loans I cover: Low credit scores – 500 mid scores 1 day out of bk or foreclosure Foreign nationals What types of properties Close in an LLC and a trust Unlimited seller contributions No reserves Property flips okay Support the show

This episode covers:  Why would you refinance Will it be a rate term refinance Will it be a cash out refinance How do you consider it when you have a first and second mortgage Does it make sense to refinance a loan when you already have a low rate Should you go back to a 30 year fixed, 15 10 or ? Paying closing costs or not – you here about that Getting a credit at closing Do you have escrows or n...

Covered in this week's episode: Purchasing a home with just a bank statement on a owner occupied Purchasing a home with just a profit and loss on a owner occupied Purchasing an investment property with just rental income No doc loans on investment properties The increase in loan amounts for Florida Fha Conventional Va Fha203k What is the rates going to be like in 2020 – find out my prediction...

Does it make sense to close in December or wait until January? That's an important question to consider. What are the seller paying for property taxes now? Does it benefit you to close now or later? What not to do with the seller If closing in January. Also discussing Portability. Get more info at www.ddamortgage.com Support the show

Covered in this episode: Limited Review - what does that mean and at what loan to value & why go to a limited review Full Doc Review - what is entailed and what do you need to know before spending money What type of financing are on condos and what should you know, re: VA FHA Conventional The cost of a condo form that needs to be completed on a full review - what can you expect Support the sho...

The changes and updates you should know about in the mortgage industry 1.Loan amounts have increased in Florida for 510,400 What does that mean in terms of higher purchase price With homes prices going up how does that help 2.FHA 203k - increasing the streamline from 35,0000 to 50,000 3. What is going on with the 3% down programs 4. Bad credit - what are your options? Support the show

1. Shopping rates and your bank gives you a rate that is incredible Did they get a CD Did they deliver on what was quoted Were you able to speak to them during the process Did you get what you were told? Did you understand it Time to go to closing, did you make it on time? What lessons to learn from that 2. The vibe! Do you have it have you been referred by someone such as a realtor, banker, cowor...

Didier and David discuss: What type of financing Ordering a home inspection Ordering appraisal Ordering title Ordering insurance Ordering survey Ordering pest inspection Doing a walk thru Wiring funds Support the show

Not sure what goes into buying property? Support the show

Todays episode covers these important topics: I Buy and Big Tech Buyers Mortgage Rates and Refinancing Dunedin, Florida area Support the show

This episode welcomes a guest co-host, Florida Realtor, David Zusman and covered in this episode is: Buyers Hesitations - Concerns of a Recession Flipping a Property Is it a Good Time to Purchase a Home Recommendations for Buyers When it Comes to Offers The Importance of a Pre-Approval Letter What's Happening in the Month of October - Inventory Support the show

Do you shop online? Do you go with a referral, someone in the community? Is it from a realtor, friend, or someone from your work What are questions to ask when getting rates and costs Are they 9 to 5 and does it matter? Will they attend the closing? Is there any value to that? Is ti a one time deal or a partner for life? Visit www.ddamortgage.com for more info and videos Support the show

Funds to close on a home: How much down do you need? Fund down for fha, va, conventional and non qm loans Down payment assistance - how does that work Where are the funds coming from The ground - pillow -  Gift from a family member 401k Checking, savings, stocks? Seasoning - what does that mean How can you preplan in order to purchase a home Weird deposits, is that good? Support the show

Downpayment - what is available Down payment assistance Borrower from your 401k Gift of funds from a family Funds have to be paper trailed Seasoning for 2 months Support the show

Graduating high school - what do you do? Bad things happen to good people , what do you do? What causes low credit scores and what can you do? How does the credit score scale work? Does it affect the rate and your monthly PMI if you put less than 20% down? Support the show

When do you order an appraisal? What happens if the value is higher, the same or lower? If it is lower than what can you do? Is there a solution and how does it affect conventional,fha and va? Appraisal waivers and how does that work? Is this something that will continue to expand the appraisal waiver and how does it affect us Get all of these questions answered and MORE! Support the show

 What is a non QM loan and how does it differ from a QM Loan Does it apply to owner occupied homes, second homes and investor home? What type of programs are their Why would someone need a non QM loan Is it growing from previous years -  Is it comparable to sub prime was over 10 years ago? Is it a good loan for the consumer? Do you like doing them? What do you see in the future regarding this prod...

Rates are coming down Do we just go for savings or do you switch gears and look at reducing the term How can we taylor make our refinance - just a 10-15-30 year? What about the interest rate What about debt consolidation Kids student loans due for payments, addition to the home, consolidate credit card debt What are the benefits putting it all in one loan vs paying everyone else Are you making the...