Sarasota mortgage information/updates
Across the country ( not just Florida !) lenders, title companies and consumers must now adhere to new Federal Government mandated real estate closing guidelines called TRID (TILA-RESPA Integrated Disclosure). With little media exposure, and little fanfare, the following is now the new normal as at October 3/15… **Good Faith Estimates and Truth-in-Lending statements are…
At our company meeting, our in house loan consultant spoke to us about some of the MYTHS associated with financing a Sarasota condo purchase. She wanted us know that there are programs for getting over hurdles that once challenged Siesta Key, Longboat Key, Lido Key and downtown Sarasota condo buyers. Here a few of those…
Need to get qualified ? Want to know what the latest mortgage rates are ? Click here for our Mortgage rep Meghan Kendrick She will be able to answer all your questions. If you have any question about Sarasota Real estate call me Maureen Doherty 1801 Main St Sarasota, FL 34236
In today’s Sarasota real estate market, a cash buyer trumps a buyer requiring a loan, all things being equal. So how does a buyer level the playing field in a competitive market like ours ? Go in with a pre-approval letter. The only way a buyer can compete against a cash offer is to prove that he/she…
It’s best to know the general mortgage rules of condo financing before you start to shop for a condominium for sale in Sarasota. For Conventional and Jumbo financing, condo buyers have to put down the following amounts if they intend to work with a Michael Saunders in-house mortgage. For a primary residence purchase …25% down. For…
