The average homebuyer will tell you that agreeable financing terms for a mortgage on Miami Beach condos is nearly impossible. Yes, it’s a lot more difficult and some lenders will quickly turn down potential borrowers but don’t let one person’s experience deter you from seeking out your own mortgage financing terms.
As you very well know, buying Miami Beach condos requires having a very good credit score of at least 740, even above average may not be sufficient if you want the lowest interest rates and payments. Also keep in mind that how much you owe in relation to how much you make factors heavily on what financing terms you’ll be offered.
Unless you’re capable of putting a minimum of twenty percent down for Miami Beach condo you’ll likely be forced to get a loan with the Federal Housing Association which carries additional fees. Is it tougher to get financing? It is but as long as you come prepared you’ll notice there are plenty of lenders willing to work with you in order to meet your needs and budget.
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Miami Beach Homes
When people across the country think of Miami, they picture sunny beaches with colorful...
When people across the country think of Miami, they picture sunny beaches with colorful...
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- 57 Ocean
- 6080 Collins Avenue
- 645 Michigan Ave
- Abae
- Alton Bay
- Atlantiqua
- Burleigh House
- Carlyle
- Costa Brava
- Eighty Seven Park
- Elena
- Faena Mar
- Faena Versailles Classic
- Faena Versailles Contemporary
- Fasano Residences & Hotel
- Five Park South Beach
- Iris on the Bay
- Mirador North and South Towers
- Monaco Yacht Club
- Monad Terrace
- Nine Island
- Ocean Park South Beach Miami
- Seacoast 5151 & 5161
- Seacoast 5700
- Shore Club Private Residences
- Ten 30 South Beach
- The Perigon
- Tower House
Housing Rebound: Factors to Consider
In Miami we have had an incredible year of growth with an ever shrinking supply of condos...
In Miami we have had an incredible year of growth with an ever shrinking supply of condos...
Hoteliers Buy Versace Mansion at Auction
Gindi Family and Nakash Family of New York were the winners of the auction for Casa Casuarina...
Gindi Family and Nakash Family of New York were the winners of the auction for Casa Casuarina...
Stunning Estate for Sale on Allison Island
Allison Island is one of the man made islands comprising Miami Beach. One half of the island...
Allison Island is one of the man made islands comprising Miami Beach. One half of the island...
Avant Garde and Luxurious Penthouse on Fisher Island
Fisher Island is home to some of the highest net worth individuals in Miami. It is a private...
Fisher Island is home to some of the highest net worth individuals in Miami. It is a private...
6000 Indian Creek, Condominium Spotlight
6000 Indian Creek is a Sieger Suarez project that was completed in 2007 and consists of...
6000 Indian Creek is a Sieger Suarez project that was completed in 2007 and consists of...
$35 Million Buys you THIS on Star Island
$35 Million for a home on Star Island is par for the course in Miami Beach real estate....
$35 Million for a home on Star Island is par for the course in Miami Beach real estate....
Development Update
It is looking like a dusty winter season in Miami, with all the construction rapidly underway,...
It is looking like a dusty winter season in Miami, with all the construction rapidly underway,...
North Bay Road Charm, 4330 North Bay Road
4330 North Bay Road is a stunning example of Mediterranean architecture in Miami Beach....
4330 North Bay Road is a stunning example of Mediterranean architecture in Miami Beach....
Best Home Improvements for Resale Value
It could not be a better time for a homeowner to list their home for sale in Miami. The...
It could not be a better time for a homeowner to list their home for sale in Miami. The...
Biscayne Gets a New Development
The Melo Group of developers acquired 601 NE 23rd St last year and have conceived of 23...
The Melo Group of developers acquired 601 NE 23rd St last year and have conceived of 23...
520 West Ave Residence 2301
520 West Avenue is home of the Bentley Bay. Bentley Bay is comprised of two modern towers...
520 West Avenue is home of the Bentley Bay. Bentley Bay is comprised of two modern towers...
Spice 2013, Guide 101
Miami Spice is a program whereby most of the restaurants in the city encourage people to...
Miami Spice is a program whereby most of the restaurants in the city encourage people to...
Hollywood has a New Hotel
Margaritaville Hollywood is coming to Hollywood Beach and is likely to completely alter...
Margaritaville Hollywood is coming to Hollywood Beach and is likely to completely alter...
Sustainable Waterfront Home on Normandy Isle, 1.85 Million
Rarely on the market do we find completely sustainable, off the grid, homes in Miami Beach....
Rarely on the market do we find completely sustainable, off the grid, homes in Miami Beach....
Housing Inventory on the Rise at the Close of Summer
The Wallstreet Journal released numbers via Realtor.com regarding the inventory of available...
The Wallstreet Journal released numbers via Realtor.com regarding the inventory of available...
Warm Spanish Style Home Listed on the Sunset Islands
1844 W. 23rd Street is listed on the Miami Beach luxury real estate marketplace for $11...
1844 W. 23rd Street is listed on the Miami Beach luxury real estate marketplace for $11...
Former Gansevoort Getting Complete Eco-Renovation
Last year the Perry Hotel, formerly the Gansevoort, was purchased for $230 million. The...
Last year the Perry Hotel, formerly the Gansevoort, was purchased for $230 million. The...
Affordable Luxury Waterfront on Hibiscus Island
A home that is considered affordable in Miami terms for waterfront is generally between...
A home that is considered affordable in Miami terms for waterfront is generally between...
Bart Reines New Masterpiece Released on the Market
Bart Reines is one of the worlds most impressive modern architects living, and he has just...
Bart Reines is one of the worlds most impressive modern architects living, and he has just...
New Listing on La Gorce Island
98 La Gorce Court has just been listed for sale. This over 7800 square foot home with 8...
98 La Gorce Court has just been listed for sale. This over 7800 square foot home with 8...
