Palm Beach Shores

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Palm Beach Shores Florida

FHA Palm Beach Shores Florida Mortgage Loans

Regardless of the amount of the down payment, Palm Beach Shores FHA requires a one time upfront fee of 2.25% of the real estate mortgage loan amount which, may be financed in with the loan. In addition to the upfront fee there is a yearly fee of 50% of the unpaid balance of the Palm Beach Shores real estate mortgage loan which is divided into 12 equal payments and paid monthly in the house payment. If the mortgage is paid in full within the first 7 years there may be a prorated refund of the upfront premium paid. The monthly mortgage insurance premium in Florida may not be waived regardless of the loan to, value.

Palm Beach Shores Florida Real Estate Buying Tips

A title policy in Palm Beach Shores Florida is required to obtain financing from a mortgage loan lender but it only covers the amount of the loan. An Owners Title Policy protects your equity. It usually is a small cost and well worth the price. Know what the surrounding area will be in a few years. Will there be an Airport, nuclear plant, shopping mall in the area of Palm Beach Shores you will be living in?

Palm Beach Shores Florida Mortgages Information

We can pre-approve you within 24 hours, and often close in as little as 3 weeks.

$365,000.00 Condominium in Palm Beach Shores
1 Bedroom, 1½ Bathroom, Approx. 700 Sq.Ft.

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