Fewer Homeowners Relying on Mortgage Forbearance

Written by Florida Condotel Mortrgage on August 4, 2020. Posted in Florida Condotel Mortgage.

The percentage of homeowners with a temporary mortgage-payment hold decreased for Fannie- and Freddie-owned loans but increased for homeowners with FHA and VA loans. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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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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