Arranging Financing For The Property You Want
Let me help you save time and money. Read carefully!
- See The "Get Pre-Approved" Tool Below
- See The "Mortgage Calculator" Tool Below
When financing real estate in Destin, Sandestin, Miramar Beach, Panama City Beach, Fort Walton Beach, and all along Scenic Highway 30-A, there are unique factors and trends happening in each area that can affect how much money comes out of your pocket right now and down the road. Evenutally, they can also affect HOW MUCH MONEY GOES BACK INTO YOUR POCKET! Because the current and future value of the property you want depends on HOW MUCH YOU DO NOT HAVE TO PAY just as much as it depends on Appreciation, you should learn the rules for putting yourself in a power position to have an advantage. For the purpose of making you more informed, I have placed information here that you can review at your leisure. The following information will help you better understand the Financing Process and make you alert to costly mistakes.
As part of the process of buying a home, townhome, condominium, or land on the Emerald Coast, the way in which you go about financing the property you seek is one of the major factors that will determine how happy you are both in the immediate future and over the long term. The choices you make now will impact COST, PAYMENT, and VALUE, and thus there is no portion of the financing process to be taken lightly! What you know, what you learn, and the advice you accept and carry out may mean the difference between saving many thousands of dollars and throwing away many thousands of dollars; therefore, it's important to be an informed buyer when it comes to financing.
Click on any article title below to read its useful content. I have a fantastic professional relationship with many of the top people in the Finance field, so if you think of any questions while reading any of the articles, contact me right away and I'll be happy to get you the answer you require.
ALSO VERY IMPORTANT FOR YOU:
Below on this page, you'll find two tools that are for your benefit.
1) The "Get Pre-Approved" Info Tool (see it BELOW)
One of the biggest time and money saving steps you can take is the PRE-APPROVAL PROCESS which can make and often does make thousands (and even TENS of thousands) of dollars in difference for a buyer. Why is PRE-APPROVAL so much better than "Pre-Qualified"? Check out the articles we've provided in this Finance section of the website and in the Buying Property section. Do yourself a real favor and do this easy step - I'll take care of the rest for you. If you have ANY QUESTIONS (I don't care how insignificant you may think it is), write me or, better yet, CALL ME at (850) 830-6771 and permit me give you a hand.
2) The Mortgage Calculator Tool (see it BELOW)
Now, we all know that it is merely an estimator that most of us use to get an idea of what our monthly payment will be, and that's just fine. Keep in mind however that online Mortgage Calculators have their limits in that they do not take into account any number of factors that tend to come into the picture only after the ball really starts rolling. When you see the number you like, you could wind up paying a little less or a little more. My job is to find a way to make it less, and do what I can to get you more for your money. Feel free to calculate away 'til your heart's content, but don't forget that the BEST Mortgage Calculator you can use is yours truly, Keith Bailey. Feel free to contact me immediately to get a clearer picture of what your costs will REALLY be, and for advice on lowering those costs.
Some Useful Tips To Help You Along:
CONTACT KEITH BAILEY FOR ANY ASSISTANCE:
I hope this information has been of value to you. The most important thing I hope you take from this is that I am available and willing to help you with all the information you want so that you can make the most effective decisions you can.
The instant you need some assistance with a question regarding any real estate, whether it be about buying, financing, or even figuring out how to get your own property sold efficiently, you should immediately contact Keith using any of the contact forms here on the site, or call him directly at (850) 830-6771.You can also email him: keith@keithbaileyrealtor.com
Adjustable - An Adjustable Rate Mortgage, or ARM, is a type of mortgage in which the interest rate is adjusted up or down, in accordance with current interest rate levels. The interest rates are tied to an economic index outside of your banks control, such as the Treasury bill rate. Your monthly principal and interest payment will fluctuate with these rate changes. Initially payments will be less than with a fixed mortgage, making this type of mortgage attractive to short-term buyers. Note: Inquire on the "cap", or maximum interest level your mortgage can reach, since it is possible for rates to raise significantly during the term of your mortgage.
Fixed - A fixed rate mortgage, on the other hand, uses both a fixed term (length of time) and fixed interest rate. At the start of the mortgage the rate and term are determined, and as a result the monthly amount for principal and interest payments remain constant for the duration of the mortgage. Fixed rate loans are more attractive to home buyers who plan on spending a long time in their home, or expect no major change in income.
Assumable - Sometimes homebuyers can find a loan which is "assumable." With an assumable loan, the current sellers lender is willing to transfer the existing loan to you, either at the previous interest rate or the current interest rate. Assumable loans are attractive to buyers because they usually require less paper work and less time.
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