C A N I O B TA I N A M O R T G A G E T O A S S I S T I N T H E P U R C H A S E O F MY PROPERTY? If purchasers wish to discuss the structuring of their purchase, we can recommend the following mortgage specialists who are familiar with Lake Nona: LAKE NONA US MORTGAGE RECOMMENDATIONS:
1) Kyle Stewart, CitiMortgage Inc, office: +1 (561) 702-1421 2) Mark Phillips, Island Capital Mortgage, office: +1 (321) 356-6439
W H AT A R E T H E G E N E R A L T E R M S O F T H E M O R T G A G E PACKAGE? U.S. mortgage loans are up to a maximum of 80% loan-to-value, either interest only or with a maximum repayment term of up to 30 years. The interest rate is either fixed or linked to various indexes in the US or the Dollar’s London Interbank rate in the UK, determined by the loan program selected.
W H AT F E E S A R E I N V O LV E D ? Mortgage Broker fees may vary, but usually range from 0% - 2% of the loan as an origination fee. A bank may charge up to 1% of the loan as their origination fee. Also, depending on the loan program selected, there may be percentage points (0 to 2%) charged on the mortgage amount. Legal fees will be set by the appointed lawyer for the work required to formalize the mortgage. Valuation and appraisal fees, as a formal valuation on the property, will be required by the mortgage provider.
H OW D O W E K NOW I F W E W ILL Q UALIFY? Please contact one of our mortgage advisors with some basic information and you will be given a quick answer in principle. If the response is positive then the application papers will be collated and submitted to lender.
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