Do you have more than 10% equity in your existing home loan?. real estate investment without any requirement of paying private mortgage insurance (PMI).. for purchase loans up to $1 Million; Available for cash-out refinance up to $500,000; Available for first-time homebuyers. Florida Office Of Financial Regulation.
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Fairview is currently focusing on Residential hard money loans (and commercial hard money loans) in Colorado, Georgia, and Florida How is Residential Hard Money different from a bank loan? The following table summarizes the key differences in loan characteristics between a conventional bank loan and a residential hard money loan from Fairview.
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Florida mortgage rates are the lowest in over 40 years according to Freddie Mac. The Florida mortgage refinance process of paying off an existing loan, with the proceeds from a new loan is known as a mortgage refinance. Florida mortgage applicants often seek to secure a lower interest rate or to lower a monthly mortgage payment.
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