Recently “Option Arm” mortgages have taken a bad rap and I wish to clarify some misconceptions around a inovative product that if managed properly can be a useful vehicle to provide investment opportunities which may not have been deemed “affordable”.

Long ago a trusted associate said to me:  “Want to look like a great salesman?  Then, sell a hot product.”

South Florida, in good times and in times of market correction is:  “a hot product” (no pun intended).

If you’re a person who truly enjoys seeing others succeed, you may be a candidate to earn 10 times what you’re earning and work one half the hours.

Another success story about a person from Peru who came to the United States, took a good job and purchased (3) homes.

Here’s how this success story happened:

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Citizen, foreign national, non-resident alien, internationl investor, what’s the difference…real estate/homes are true collateral.  The risk for the lender is minimal.

The Real Estate Closing is the final step in executing a real estate transaction.

On the closing date, the parties consumate the purchase contract, and ownership of the property is transferred to the buyer.

When it comes to a person receiving the best mortgage offerings available, it gets down to a process of qualification.

There are dynamic, inovative and even secure and safe products.

The trick is:  “do you qualify”?

I am sure there are some of you out there who wonder if it is possible to get a home loan if you are unemployed.

You probably think not because most people are convinced that one blip on the income or credit is immediate grounds for disqualification.  Nothing could be further from the truth.

I am not sure when I realized I was “house hunting”. Perhaps it was when I noticed that everytime I drove by a “For Sale” sign I was craning my neck to see what I could be missing.

A thorough home inspection should consists of many components including structural framing, physical components, electrical, plumbing, heating, and air-conditioning systems.

Depending on the property size, a standard home or condo inspection in Miami will cost you approximately $500.

I recently found a man in a situation where he had IRS problems which compounded into filing a personal bankruptcy.

If you’ve done a portion of what this guy’s done, continue on. It’s never to late to start over.

With the condo market appearing to slow, one way to stimulate activity is to have affordable mortgage financing available to prospective buyers.

The purpose of this article is not so much to “pitch” option arm financing. The intent here is to bring to light an alternative product which, if fully understood can serve as the vehicle to reach a property which otherwise would not be an alternative.

Here in Florida we reach a point in life when we design a home, find a builder and attempt to get a mortgage that will pay the construction person and when it’s done we move in.  The vehicle with which will do the funding of said project is called a “construction loan”.

Forbes ranks the most expensive ZIP codes for 2006.

One of my previous clients emailed and told me he was in a tight spot and needed help meeting his monthly budget. What had occured was that his company had closed its doors, and someone convinced him that spending $35,000 at ITT Tech would solve his career problem.

When it comes to rating my top 5 choices in conforming mortgage lenders, Wells Fargo comes in 3rd place. I like them for generally good interest rate pricing, and excellent programs. What they lack are option-arms (low interest rate adjustable “hybrid"programs).

It’s important to realize, the higher the credit score average, the more it opens doors. Many of the low interest lending opportunities are available to the higher scoring applicants.

If you want to improve your credit score, start by investigating.