Shop for a Loan
Today, lenders can be found through a variety of sources. In addition to calling on ads in the newspaper, you can also find and apply to lenders over the internet, and through referrals from your REALTOR. We would be happy to suggest lenders we have used successfully, who have proven themselves competitive and capable even with problem properties or poor credit.
Interview several lenders to evaluate the following:
Today there are so many types of loans on the market that it is beyond the scope of this page to list or explain them all. Your lender is the best person to help you select a loan program to suit your needs.
Below is a summary of the three most popular loan types we see in practice; for more detailed information click the link at the end of this page.
The fixed rate loan assures your monthly payments will stay the same over the life of the loan, which is typically between 15 and 30 years. Fixed rate loans may be best if you intend to hold the property for a long period of time, say over 7 years.
ARM’s may be suitable if you plan to sell or refinance your home within the next few years. The starting interest rate is typically lower than a fixed rate loan, saving you money initially. However, it is important to understand the index, the readjustment interval, the capitalization rate and downside risks of an ARM before making a final decision to use this type of loan.
Also called Hybrid Loans, these loans can offer fixed interest rates for the first 3, 5, 7 or 10 years after which the interest rate adjusts with the market every 6 months or year thereafter.
Purchase here comes with questions that mainland buyers may not be used to asking.
A property in the Florida Keys, give the Alina Davis Team a call.
Don’t miss out on this amazing opportunity to own a condominium.
We have a special section with a calendar of upcoming community events.
It is critical that these instructions be exact, even so, delays are all too common.
Your contribution, no matter how small, helps us put back the pieces in a life.
The Good Health Clinic 7th Annual Beach Luau at Founders Park
Your lender is the best person to help you select a loan program to suit your needs.
The interest rates on variable loans readjust periodically based on changes in an index.
Whether you're searching for your perfect Keys escape, investing in a vacation rental, or selling a slice of paradise you've loved for years, my goal is always the same: honest guidance, strong advocacy, and a seamless experience from start to finish. The Florida Keys isn't just real estate — it's a lifestyle, and I'm here to help you find your place in it. I would be honored to help you take that next step toward sun, water, and everything the Keys has to offer.
