Community law – Legal Matters (FL)

Written by Florida Condotel Mortrgage on July 10, 2021. Posted in Florida Condotel Mortgage.

Q: I am a board member at a high-rise condominium on Marco Island and we are deeply concerned about the recent tragedy in Miami involving the structural collapse of a condominium. What should we be doing? 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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