Condo emergency powers allow restrictions on contractors, vendors during pandemic (FL)

Written by Florida Condotel Mortrgage on August 29, 2020. Posted in Florida Condotel Mortgage.

Q: My husband and I are selling our condo. We have a buyer who wants to renovate. We are told that the board has suspended all construction until further notice due to COVID-19. 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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