Signing a Contract This Month? Is It in a Flood Zone?

Written by Florida Condotel Mortrgage on August 5, 2020. Posted in Florida Condotel Mortgage.

The National Flood Insurance Program expires next at midnight on Sept. 30, 2020, which could affect contracts signed this month if the home is in a flood zone. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary 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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