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Financing | Julie's Realty Blog

Wednesday, October 23, 2019   /   by Suyapa Sauceda

How Do Mortgages Work?

How Do Mortgages Work?

When you take out a mortgage, you borrow money from a lender to buy your home. A mortgage is a secured loan with your home as collateral, so the lender will hold the title to the property until the loan is paid in full. You will make payments on the loan each month, including interest, until it is paid off. At that point, you'll hold the title and own your home outright.

When you choose a mortgage, you have four major decisions to make: the lender, loan type, loan term and interest rate type.


Types of Mortgage Loans

There are two major types of mortgage loans: government-backed and conventional. Government-backed mortgage programs offer guarantees to lenders that reduce their risk and can make it easier for borrowers to qualify for a mortgage. Conventional loans do not offer the same guarantees but may have lower interest rates.

Government-Backed Mortgages

FHA loans. The Federal Housing Administration, part of the U.S. Department of Hou ...

  buying a home, financing, mortgage

Wednesday, June 5, 2019   /   by Suyapa Sauceda

Everything You Need to Know About Closing Costs

As more and more people begin to look into buying a home and the lending restrictions begin to ease a bit, it’s important to make time to talk about closing costs and what new buyers can expect. The first distinction we need to make is that closing costs are not the same thing as a down payment. It might be surprising to hear that you’ll have to come up with the money to cover two separate costs up front, but that’s how the home buying process goes. Let’s have a look at what closing costs really are and what you can expect to pay.

Closing Costs 101
Closing costs are the fees that need to be paid when the home buying process ends. When it comes to a close, in other words, closing costs are due. The specifics about what you can expect to be included in these costs varies depending upon where you live, the loan you choose, and the property you decide to purchase. In general, however, there are a few things you can typically expect to pay
• Appraisal F; ...

  finance, financing, closing costs, real estate

Wednesday, January 16, 2019   /   by Leon Zhivelev

5 Ways to Avoid Debt When Shopping for Your First Home

5 Ways to Avoid Debt When Shopping for Your First Home
Contributed by Kay Carter



Shopping for a home can be an overwhelming experience for anyone. The entire process, from finding listings in your area to successfully obtaining a mortgage loan, is a complicated one that always seems to take a lot longer than we’d like. Buying a home can especially be confusing for first-time home buyers who just want to find their perfect starter home without going into a lot of debt in the process. Luckily enough, that’s not an impossible task. Here are five ways you can avoid debt while shopping for your first home.

1. Create a Budget
Before you start looking for a home, consider creating a strict budget and looking at properties that cost less than the amount you were approved for. What can you afford? Be realistic with this budget and stick to it. Make sure that you also have money set aside for closing costs, home insurance, a home warranty, and any repairs you’ll ha; ...

  investment, market update, business, luxury real estate, finance, finance & banking, financing

Wednesday, December 19, 2018   /   by Cyd Marseille Yardeny

Trump Group Affiliate Secures $558 Million Loan For The Estates At Acqualina In Sunny Isles Beach

The development team behind The Estates at Acqualina has closed on a $558 million construction loan on September 28, 2018 that will fund the vertical construction and completion of both residential towers at The Estates at Acqualina. The loan enables affiliates of the Trump Group led by Eddie, Jules and Stephanie Trump to complete the residential project where sales and construction of the South tower is already underway. The Trump Group’s ability to secure a loan of this size underscores the project’s appeal and the firm’s track record of development over the past four decades. Bilzin Sumberg partner Alexandra Lehson and Real Estate Department Chair Jim Shindell represented The Trump Group in the transaction. Gary Saul and Meredith Singer of Greenberg Traurig served as condominium counsel. The project broke ground in May 2018 and the South Tower is expected to top-off by December 2019 with expected delivery in 2020. The 154-unit south tower is over 65% sold, with s ...

  investment, market update, pre-construction, sunny isles beach, construction, construction loan, construction news, construction update, estates at acqualina, featured, finance, finance & banking, finance & bankingtags trump group, financing, in new construction, karl lagerfeld, luxury real estate, new construction, sunny isles, the estates at acqualina

Julie's Realty LLC
1700 79th Street Causeway, Suite 160
North Bay Village, FL 33141
305-751-6400

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