Green Realty Buyers Advice

954 . 667 . SALE (7253)

Being a Green Realty Properties REALTOR® is not a job or even a career it is a life style.....

As a Seller in this complex market, hiring the right listing broker is probably the single most important step you can take in order to get your home sold. Sellers email us today!

As a Buyer, it usually costs nothing to hire a real estate professional to help you find and purchase a home. The value that Green Realty Properties brings to our buyers is second to none. Buyers email us today!

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12350 NW 6Th St
Plantation Acres FL33325

Romantic 3 BR, 2 Bath Norman Rockewll Style Home

$439,900
3 Bed, 2Bath, 3,520 Sq Ft
Property Type: Single Family Home
NORMAN ROCKWELL STYLE ROMANTIC CUSTOM HOME ON BUILDERS ACRE. HOME FEATURES OPEN KITCHEN WITH WOOD CABINETS, DOUBLE OVEN, ISLAND & BUILT IN WINE CASE - BEAUTIFUL CROWN MOLDING, REAL WOOD FLOORS...

Green Realty Buying Advice

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The decision to purchase a home is a very exciting one! For most buyers, part of that decision includes the decision to obtain a mortgage to finance the purchase. This decision should not be taken lightly and getting pre-approved for a loan before searching for a home will provide buyers with a clear understanding of what their payment will be, depending on what kind of loan the buyers decide to take out. Getting pre-approved will also provide the buyers the price range for their purchase. As a licensed mortgage broker, I have vast knowledge of the mortgage industry and I will assist in finding the best financing option for you. Please feel free to contact me HERE

Below is a brief summary of the financing options available:

Conventional Loans

A conventional loan is a loan that is not backed,guaranteed or insured by the Federal Government, the Veteran's Administration (VA)or the Federal Housing Administration (FHA). Conventional loans usually require larger downpayment that government backed loan, VA orFHA. Conventional loans can be conforming and non-conforming. Conforming loans are loans that meet Fannie Mae and Freddie Mac criteria. Conforming loans can be sold to Fannie Mae or Freddie Mac so lenders can raise capital to lend to other clients. Non-Conforming loans are conventional loans that exceed the limits for Fannie Mae and Freddie Mac. These loans are called jumbo loans and are loans larger than $417,000 (with exceptions for high cost area such as California). There are a variety of financing options with conventional loans. Options include fix loans with repayment periods 15, 20, 30 even 40 years, as well as Adjustable Rate Mortgages (ARMs) with rates that do not change for a certain amount of years followed by a re-adjustment and lastly, (less common theses days), are Interest Only loans, where for a certain amount of years, no principal is paid, only interest, followed by re-adjustments.

Federal Housing Administration (FHA)

The Federal Housing Administration was created in 1934 to promote home ownership in the United States. FHA, a sector of Department of Housing and Urban Development (HUD), does not actually provide mortgage loans. FHA insures loans made by private lenders adding security to the lenders.

FHA loans requires a small down payment of 3.5%, it does not require large income, allowing low and moderate income borrowers the ability to enjoy home ownership. One of the most interesting programs that FHA has is the 203k Rehab loan. The “Streamline (K)” Limited Repair Program permits homebuyers to finance an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.

Veteran Administration (VA)

The VA Home Loan Guaranty Program was created in 1944 with the mission to help veterans and active-duty personnel purchase and retain homes in recognition of their service to United States. Like the FHA, the VA does not make the loans but it guarantees the loan to the private lenders who are lending the money. If the borrower qualifies, they may obtain a VA loan with zero down payment and a Veteran's benefit with the VA Home Loan Guaranty program can used more than once.

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Green Realty Properties
12555 Orange Drive
Davie, FL 33330
(954) 667- SALE (7253)

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Buyers get all the benefits, knowledge and experience of working with a REALTOR® at no cost.... Green Realty Properties has a team of experienced Buyer Agents who will bring enormous value and knowledge to the transaction. Green Realty REALTORS® who have great negotiating skills that will benefit you in the contract phase, will tirelessly search to find your dream home!

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