home equity | loans
Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 479-8583
Call Today!

Listing Search

Home Equity Loans Dr Phillips Homes For Sale 32819| 32836| Wendy Morris Realty

NEXT
PREV

You have already bought a home or real estate and you need cash flow. Home equity loans are great depending if you plan to stay in your home for a good while. 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 value for your home and it is less that what you owe it will be difficult to sell and balance cured.  In a sense this would be considered like a short sale.  You would owe more than what the property is worth.  

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. You must be wise on how you use this money. Also, you incur another monthly bill. To qualify a 620 score or better is typically needed, your debt to income ratio will be calculated Loan to Value (LTV) is 80 percent or 20 percent equity in your home. A current appraisal will let you know where you stand. This is pretty much same scenario as for qualifying for an initial loan with fees involved.

Typically the interest rates are lower and payments never change on these type of loans. The risky part that if you do not continue to make your payments on this loan your home can be foreclosed on.  Personally, I prefer to start with, your 1st mortgage lender and see what deal they can provide for you. If there are any questions whatsoever, please shop around talk to several lender's for terms and conditions. Credit Unions seem to be great and all you have to do is open a 5.00 account and become a member.  This should give you access to utilize the many services they offer to all customers. As for searching for Orlando Florida Real Estate I am one of the finest Central Florida realtor's you can find. Call me today at 850 496-6412!

 
 

 

 
 

 

 
 


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 1/27/20 8:40 PM)
Featured Listings
Orlando Real Estate
$630,000
5 BED
3.5 BATH
Must see beautiful Executive style pool home at Dr. Phillips area. Phillips Landing Community, 24 hrs Guard Gated . Spa... Read More
Orlando Real Estate
$990,000
6 BED
4.5 BATH
Located in the heart of Dr. Phillips, this custom-built mansion is ready to be called your abode. Fully protected by br... Read More
Orlando Real Estate
$414,900
3 BED
2 BATH
Come take a look at this remodeled 3 bedroom 2 bath pool villa with a 2 car garage located on the 6th fairway. This one ... Read More
Orlando Real Estate
$297,000
3 BED
2.5 BATH
Located in the heart of Dr. Phillips. Gated security and lush Florida landscaping greets you as you enter the Vistas at ... Read More
Orlando Real Estate
$949,000
5 BED
5 BATH
Welcome Home! This 1 Acre estate, the perfect combination of privacy, acreage, location, and features located in the... Read More
Orlando Real Estate
$150,000
2 BED
2 BATH
Centralized Perfectly in the highly desirable Dr. Phillips located in Orlando near all attraction areas Disney, Univers... Read More
Orlando Real Estate
$320,000
4 BED
2.5 BATH
This impeccable move-in-ready residence has front and back views to greenbelts. Nestled between the communities of Dr. P... Read More
Orlando Real Estate
$219,999
2 BED
2 BATH
BACK TO MARKET , BUYER MORTGAGE ISSUE . Located in the Dr. Phillips-Bay Hill area. The Sanctuary at Bay Hill offers the... Read More
Orlando Real Estate
$895,000
7 BED
7.5 BATH
Welcome to Parkside. One of the newest luxury developments located in the famous Dr. Phillips area. Completely renovat... Read More
Orlando Real Estate
$725,000
4 BED
4.5 BATH
Fantastic opportunity to own this large custom built 2 story traditional estate home with an open floor plan and with a ... Read More
Contact Kevin Strawter

407 479-8583

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
14832 Speer Lake Drive
Winter Garden, FL 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2020 drphillips.info - all rights reserved. | Site Map | Home Equity Loans Dr Phillips Homes For Sale 32819| 32836| Wendy Morris Realty