FHA Changes Should Help Most Owners Keep Their Home

Written by Florida Condotel Mortrgage on July 9, 2020. Posted in Florida Condotel Mortgage.

Lenders can offer borrowers with an FHA mortgage four types of forbearance, including one for those “not eligible for any other home retention solution.” #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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