Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

HOME EQUITY LOANS | 32819 | 32836 | Dr. Phillips

NEXT
PREV

HOME EQUITY LOANS

For example, you have already purchased real estate and you need cash flow for whatever reason. Home equity loans are great depending if you plan to stay in your home for at least minimum 3-5 years depending on amount you request. The reason I say that is because when it comes to sell your home, that equity loan has to be paid off and if you get market value when it comes to sell your home and it is less than what you owe it may be difficult to sell and balance cured. In this sense it would be similar to a short sale manner. You would owe more than what the property is worth.

USE OF HOME EQUITY LOANS

You can use your home equity loan are great for home improvements and reaching many goals such as kids college, purchasing a larger home, vacation, pay off bills, retirement, starting a business, consolidating, buying an investment home or new automobile. Please do not misuse this money and must be wise. Also by doing this you incur another monthly bill. To qualify a score of 620 or better is typically required, your debt to income is calculated Loan to Value (LTV) is 80 percent or 20 percent equity must be in your home.

A current appraisal will let you know where you stand. This is pretty much the same scenario as qualifying scenario as for qualifying for an initial loan with exception of drawing money out of home. with fees involved. Click here to see more about home equity /HOME-EQUITY---32819---32836---Orlando-Florida-6-20253.html

 

INTEREST RATES

Generally interest rates varies based on economics in the world, such as oil, politic's, wall street, world crisis and so on. on this type of loan you do not make your payment your home is open to foreclosure. I prefer to start with your original lender for the home equity process. If there are any questions whatsoever, shop around for the best product. Credit unions seem to serve the best product and terms.

Just open an account for 5.00 with them if you decide to go with them you are good to fill out application. Also this gives you access to use many of credit union services. As for searching for central Florida real estate you can count on me. Call me today as your trusted advisor and realtor at 407 479-8583. Serving Dr Phillips and Central Florida. Facebook Kevin Sells Florida and Kevin Selling Florida. Click here to learn more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 4/14/24 12:51 PM) |
Featured Listings
Orlando Real Estate
$314,000
2 BED
2 BATH
This Point Orlando Condo Hotel has Location, location, location just a block away from International Drive with all th... Read More
Orlando Real Estate
$419,000
3 BED
2.5 BATH
Located in a desirable location this townhome can be your first home or investment property. The community is Grandview ... Read More
Orlando Real Estate
$1,225,000
5 BED
4.5 BATH
Welcome to Real Life Paradise!! This beautiful Madeira Spanish Colonial Home is Perfectly Located right in the middle of... Read More
Orlando Real Estate
$980,000
6 BED
4 BATH
See the Disney fireworks from your south facing pool deck. The pool and inground spa are both heated. The large covered ... Read More
Orlando Real Estate
$639,000
4 BED
3 BATH
Large 4 bedroom, 3 full bath, single-story home with over 2400 sq ft. Tons of recent renovations and updates! This bea... Read More
Orlando Real Estate
$1,089,000
5 BED
4 BATH
Luxurious and Move-In Ready, this Spacious 5-bedroom/4-bathroom New Construction home in the heart of Dr. Phillips offe... Read More
Orlando Real Estate
$1,299,000
5 BED
4.5 BATH
LOCATION, LOCATION, LOCATION! This modern and gorgeous POND VIEW 5 bedroom/ 4 full 1 half bath HOME is located in the... Read More
Orlando Real Estate
$785,000
4 BED
2 BATH
Located in the highly sought-after neighborhood of Bay Hill, this home is nestled in the heart of the coveted Dr Philip... Read More
Orlando Real Estate
$660,000
4 BED
2 BATH
DonĀ“t miss out on this beautiful fully updated and renovated home in the Dr Philips area. Ready to be enjoyed by a new f... Read More
Orlando Real Estate
$765,000
3 BED
2 BATH
One or more photo(s) has been virtually staged. Welcome to this stunning newly renovated home nestled in a beautiful gol... Read More
Contact Kevin Strawter

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2024 drphillips.info - all rights reserved. | Site Map | HOME EQUITY LOANS | 32819 | 32836 | Dr. Phillips