PPP Loans Extended – But Demand Has Fallen

Written by Florida Condotel Mortrgage on July 2, 2020. Posted in Florida Condotel Mortgage.

Congress extended the Paycheck Protection Loan program to Aug. 8, but businesses seem less inclined to use it: The second round of funding still had $130B leftover. #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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