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

Home equity loans are great for home improvements, kids college, pay off bills, 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.

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 at 407 479-8583. Facebook Kevin Sells Florida and Kevin Selling Florida.


HOME EQUITY LOANS | 32819 | 32836 | Dr Phillips

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 12/1/21 8:50 AM) |
Featured Listings
Orlando Real Estate
$490,000
3 BED
2 BATH
3 Bedrooms 2 Bath in the prestigious Dr. Phillips / Sand Lake area . enjoy the gorgeous Pond view from your screened Poo... Read More
Orlando Real Estate
$405,000
4 BED
2 BATH
This 4 bedroom is located on an oversized beautiful corner lot/dead end. Entrance and living room areas have vaulted cei... Read More
Orlando Real Estate
$449,900
3 BED
2 BATH
Location! Location! Location! Fantastic Opportunity for Vacation short Term rentals in Orlando Beautifully appointed 4th... Read More
Orlando Real Estate
$349,000
3 BED
2 BATH
WATER VIEW, QUITE AND SERENE this THREE BEDROOM and TWO BATH First Floor CONDO is located right in the middle of the ho... Read More
Orlando Real Estate
$379,000
2 BED
3.5 BATH
SPECTACULAR FULLY FURNISHED TOWNHOME located in BAYSHORE AT VISTA CAY. This CORNER unit TOWNHOME boasts 3 bedrooms and ... Read More
Orlando Real Estate
$459,000
3 BED
2 BATH
BEAUTIFUL RESORT STYLE CONDO in the heart of Orlando''s attraction corridor...This 3 bedroom and 2 bathroom CONDO has ov... Read More
Orlando Real Estate
$459,000
3 BED
2 BATH
BEAUTIFUL CONDO located at VISTA CAY AT HARBOR SQUARE. RECENTLY RENOVATED...This condo offers luxurious resort-style ame... Read More
Orlando Real Estate
$349,000
3 BED
2 BATH
READY FOR IMMEDIATE OCCUPANCY this THREE BEDROOM and TWO BATH First Floor LAKE FRONT CONDO places you in the middle of ... Read More
Orlando Real Estate
$449,000
2 BED
2 BATH
BEAUTIFUL contemporary LAKE VIEW first floor CONDO located in the heart of the attractions and entertainment district ! ... Read More
Orlando Real Estate
$995,000
5 BED
3.5 BATH
Meticulous, luxury custom home in Turtle Creek. Welcome to the desirable, 24-hour gated community of Turtle Creek, lo... Read More
Contact Wendy Morris Realty

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
11256 Lemon Lake Blvd
Orlando, FL 32836

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2021 drphillips.info - all rights reserved. | Site Map | HOME EQUITY LOANS | 32819 | 32836 | Dr Phillips