Citizens Ins. Reversal: Won’t Drop Past-Due Policies Aug. 15

Written by Florida Condotel Mortrgage on July 27, 2020. Posted in Florida Condotel Mortgage.

The Fla.-owned insurer planned to drop non-paying homeowners, but the state’s chief financial officer objected. Citizens now says it won’t do so until the end of 2020. #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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