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0 DOWN
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Real Estate Advice & Opinions

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Which loan is right for me?
Years you plan to stay in the house	Recommended program
1-3	3/1 ARM, 1 year ARM or 6 month ARM
3-5	5/1 ARM
5-7	7/1 ARM
7-10	10/1 ARM, 30 year fixed or 15 year fixed
10+	30 year fixedor 15 year fixed

Loan Programs	Advantages	Disadvantages
Fixed Rate Mortgages 30 year fixed 15 year fixed	Monthly payments are fixed over the life of the loan Interest rate does not change Protected if rates go up Can refinance if rates go down	Higher interest rate Higher mortgage payments Rate does not drop if interest rates improve
Adjustable Rate Mortgages 10/1 ARM 7/1 ARM 5/1 Arm 3/1 ARM 1 year ARM 6 month ARM	Lower initial monthly payment Lower payment over a shorter period of time Rates and payments may go down if rates improve May qualify for higher loan amounts	More risk Payments may change over time Potential for high payments if rates go up
Balloon Mortgages 7 year 5 year	Lower initial monthly payment Lower payment over a shorter period of time Many balloon mortgages offer the option to convert to a new loan after the initial term.	Risk of rates being higher at the end of the initial fixed period Risk of foreclosure if you cannot make balloon payment or if you cannot refinance or if you cannot exercise the conversion option
First Time Buyer Programs	Lower down payment Easier to qualify Sometimes you may get lower rates	May be subject to income and property value limitations Some programs which have government subsidies may have a recapture tax if you sell the house too early.
Stated Income Programs	Don't need to verify income Faster approval	Higher rates Higher down payment
No point, No fee Programs	No closing costs Less money required to close	Higher rates Higher payments
Imperfect Credit Programs	Potential for reestablishing credit if you pay your mortgage on time. When used for debt consolidation, you may be able to reduce your monthly debt payment	Higher rates Terms may not be as favorable Harder to get long term fixed loans Loans may have prepayment penalties
Home Equity Line of Credit	You only borrow what you need Pay interest only on what you borrow Flexible access to funds Interest may be tax deductible	Rates can change. The maximum interest rate is normally high. Payments can change Harder to refinance your first mortgage
Home Equity Fixed Loan	Fixed payments Interest may be tax deductible	Higher interest rates than on 1^st mortgages Harder to refinance your first mortgage

Besides our standard loan programs, we also have a large number of unique programs
to serve your needs:

Purchase a house with 0 down
Piggyback loans 80-10-10 or 80-15-5. No PMI payments even with 5% or 10% down.
Debt consolidation programs
Home Improvement loans
Qualify even if you may have been turned down before!

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Parkland area real estate resources

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Parkland area real estate events & news

What areas surrounding PARKLAND do you cover? Ca -

We service Coral Springs, Wellington, New Construction areas of Parkland, Boca Raton and Palm Beach to name a few.

Understanding Your Credit - Understanding Your Credit can mean the difference of owning vs not owning!

Mortgage Funding Info - Mortgages for commercial deals can be funded if you know how to write a successful presentation.

Credit Info - Your credit score is based on the information contained in your credit report.

Find Your Dream - Finding your dream home is not hard if you know what steps to take!

Property Rights - Real property is generally defined as land and the things permanently attached to the land.

Real Property Definition - Real property is generally defined as land and the things permanently attached to the land.

Property Investment - Is Real Estate A good Investment? This report will try to answer that question.

Property Trust(s) - The REIT Story Real Estate Investment Trusts (REITs) were created by Congress in 1960 but played a very limited role in real estate investment for more than three decades.

Negotiating a Contract - What to consider when you are on either side of the real estate transaction.

Parkland Real Estate Negotiation - Negotiating a purchase agreement is perhaps the trickiest aspect of any real estate transaction.

Dont Let It Fall Through - What makes a deal fall through? Avoid the common pitfalls!

Sell Your Parkland Home Fast - Should you hold out until you have an offer that matches your asking price?

Parkland Real Estate Tax Advice - Selling a home can have a major impact on your federal and state tax returns.

Property Inspection - Regardless of what the inspector may uncover, you shouldn't be overly concerned about the actual home inspection

Pick An Offer - Picking among several offers isn't always as easy as choosing the highest price, especially in hot markets.

Open House Expectations - Was vacating your home for four or five prime-time hours worth the inconvenience?

Your Open House - Was vacating your home for four or five prime-time hours worth the inconvenience?

Marketing Info - Your broker's marketing efforts and considerations will include advertising, showing the property, how long the house has been on the market and whether you're buying another home.

Parkland Real Estate