1M Delinquent Homeowners Haven’t Asked for Forbearance

Written by Florida Condotel Mortrgage on September 21, 2020. Posted in Florida Condotel Mortgage.

Of those, 680K have loans backed by Fannie or Freddie and could easily defer payments for up to a year. Surveys suggest they’re likely confused about their options. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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