RESPA: CFPB Posts FAQs About Marketing Service Agreements

Written by Florida Condotel Mortrgage on October 8, 2020. Posted in Florida Condotel Mortgage.

Real Estate Settlement Procedures Act (RESPA) Section 8 topics can sometimes be confusing, so the U.S. consumer bureau posted a list of questions online. The FAQs offer an overview explanation of Section 8 requirements and a list of the most frequently asked questions. #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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