Construction Loan - A short-term loan financing improvements to real estate, such as the building of a new home. The lender advances funds to the borrower as needed while construction progresses. Upon completion of the construction the borrower must obtain permanent financing or repay the construction loan in full.
Down Payment - The difference between the purchase price and mortgage amount. The down payment becomes the property equity. Typically it comes from cash savings, but it can also be a gift that is not to be repaid or a borrowed amount secured by assets.
Homeowners Insurance - A form of insurance that protects the owner of the insured property against loss from theft, liability and most common disasters.
Mortgage Broker - An intermediary between a borrower and a lender. A mortgage broker's expertise lies in assisting borrowers find financing that they might not find themselves.
If you live in the following areas and would like to look into a Florida Mortgage you should contact our Florida Mortgage specialist as soon as possible:
Jacksonville, Miami, St. Petersburg , Tampa, Orlando Fort Lauderdale, Tallahassee, Boca Raton, Palm Beach, Clearwater, Key West, Daytona
"My Florida Mortgage Broker was totally receptive to all my needs, very professional and took a personal interest as well. It was so nice to be able to speak with someone that made me feel important as a customer." Santina Ragonelli
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