Community Law (FL) Q & A

Written by Florida Condotel Mortrgage on July 11, 2020. Posted in Florida Condotel Mortgage.

Q: We are approaching hurricane season and our board is trying to prepare for an emergency situation. One concern is that our management firm has indicated that it will not staff the building in the event of a hurricane. What can we do to protect ourselves? Read the Q&A………………………………..

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Rates posted assumes 25% down payment, and an ARM and fixed rate first mortgage on a Florida condotel, secondary 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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