Virginia Gardens, FL Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Virginia Gardens FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which save...
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By Mike Young, FHA 203k Consultant 916-758-1809
(, covering the USA)
Is the FHA 203k my best choice for a renovation loan?Not necessarily. What you should consider is what kind of down payment you may have. If you are looking for a low down payment then the FHA 203k loan may be your best option. They do penalize you however by making you pay an insurance premium each month called "PMI" or private mortgage insurance.  Currently is is 0.85% of the monthly payment. If your payment is $2000 per month your PMI would be about $170 per month.The FannieMae HomeStyle Renovation Mortgage requires a bit more down payment but you can get out from under the PMI if you put down 20%.I had a client not to long ago who was purchasing a property for over $1MM and wanted to do $625,500 in renovation. She was using the FHA 203k loan program... NOT the best choice for her ho...
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