We Can Help You Get The Best Mortgage For Your Property
We specialize in residential and commercial mortgages.
We guarantee that we will find the best possible mortgage for you.
A few basic things to know when applying for mortgage:
The amount of your loan can increase your interest rate if the amount
financed exceeds the conforming loan limits established by Fannie Mae and
Freddie Mac. The conforming loan limit changes at the beginning of each year.
Shorter loans, such as 20 year or 15 year note, can save you thousand of
dollars in interest payments over the life of the loan, but your monthly
payments will be higher. An adjustable rate mortgage may get you started with
a lower interest rate than a fixed rate mortgage, but your payments could get
higher when the interest rate changes.
A larger down payment greater than 20% - will give you the best possible rate.
Down payments of 5% or less should expect to pay a higher rate as you are
starting with less equity as collateral. If you've got the cash now and want
to lower your payments, you can pay points on your loan to lower your mortgage
rate. It's a simple concept, really: In exchange for more money upfront,
lenders are willing to lower the interest rate they charge, cutting the
borrower's payments. Closing costs are fees paid by the lender, if you want to
pay all of the closing costs, expect a higher rate which will pay the lender
additional interest over the life of the loan.
Credit quality and debt-to-income-ratio affect the terms of your loan
through your
FICO Score. If you have good credit and your monthly income far surpasses
your monthly debt obligations, you will get approved at a lower interest rate.
However, if your monthly income barely covers your minimum debt obligations,
even if you have a good credit report, you will not receive the lowest
available interest rate.
Please fill out the information below and we'll contact you
IMPORTANT NOTICE: We do not provide services for short term rentals. The condo associations do not allow any rentals less than 3 months. Please do not contact us unless you're interested in renting for 3 months or longer. Thank you.
Sunny Realty Of South Florida, Inc
19370 Collins Ave, cu# 7
Sunny Isles, FL 33160
Toll Free: 1-877-368-2318
Fax: 1-305-935-1301
or email us: Info@Sunny-Realty.com
