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Category: Florida Condotel Mortgage

At Fidelity Home Group, we are condotel mortgage experts in Florida! The Condotel also known as the Condo Hotel is quickly becoming popular in Florida as an investment opportunity. Various Condotel Projects are popping up in South Beach, Panama City, Palm Beach and Miami.

Golf Carts and Your Community (FL)

Golf carts are increasingly being used for short-distance trips in communities as an alternative to the family car. They share common element roads with other motor vehicles, pedestrians, bicycles and animals, creating the potential for liability for an Association. You may be facing questions about whether to allow golf carts on your roads and how to govern their use and create policies that may not have been in place previously.      Read the entire article………………………………. #floridacondotelmortgage #floridacondotelfinancing...

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NAR: Vacation Home Sales Rose 16.4% in 2020

Lee County tops NAR’s list of U.S. counties for the highest increase in vacation home sales, with Collier County also making the top 10 list. In 2020, vacation home sales were 5.5% of total existing-home sales; in 2019, they were 5%. Vacation home median prices were up 14.2%. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Condo Q&A: Electronic Voting Works – but How to Set It Up? (FL)

Question: Our condo building has more than 400 units and only a small percentage of residents seem to be interested in participating in voting when we have a vote on anything, so we can’t meet the quorum requirements so we can’t get much done in the building.  If we were able to vote online, I think we’d be able to get a lot more people participating. Can you please explain the process for implementing online voting for members?  Read the Q&A………………………………….. https://communityassociations.net/category/fl_news/f...

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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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