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Tag: #fortlauderdalemortgage

Florida Condos

? Not all Florida condos qualify for conventional mortgages. Why? Many condos are deemed "non-warrantable" because they don’t meet criteria set by agencies like Fannie Mae and Freddie Mac. Common reasons include new construction, limited owner control over the HOA, low insurance coverage, underfunded reserves, high renter or investor percentages, short-term rentals, or ongoing legal issues. Fidelity Home Group offers specialized non-warrantable condo loans that help you finance these properties. We provide loans up to $6 million, flexible terms including ARM and 30-year...

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AI slop ad backfires for McDonald’s

By Nilesh Christopher, Los Angeles Times People aren’t lovin’ it. McDonald’s was forced to pull down an AI-generated Christmas commercial from YouTube after some consumers said the AI-slop-filled tongue-in-cheek take on the holidays was distasteful. Related Articles Oreo is bringing zero-sugar cookies to the US First of 30 oil lease sales planned for Gulf of Mexico draws $300 million from companies What the Federal Reserve rate cut means for you Paramount says China’s Tencent withdrew from its...

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New York Times, after Trump post, says it won’t be deterred from writing about his health

By DAVID BAUDER The New York Times, attacked by President Donald Trump for reporting about his physical condition, said on Wednesday that it wouldn’t be deterred by “false and inflammatory language” that distorts the role of a free press. Related Articles Scores of government statisticians are gone, leaving data at risk, report says FDA investigating possible adult deaths from COVID vaccines Trump’s ‘gold card’ program goes live, offering US visas starting at $1 million per person Trump...

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Parent of student charged in shooting that killed teen at Kentucky State University

FRANKFORT, Ky. (AP) — A parent of a Kentucky State University student has been charged with murder in an on campus shooting that killed one student and critically injured another. Related Articles AI slop ad backfires for McDonald’s Oreo is bringing zero-sugar cookies to the US San Francisco woman gives birth in a Waymo self-driving taxi West Virginia National Guard member killed in DC shooting is laid to rest Botulism outbreak sickens more than 50 babies and expands...

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Why Selling Your House This Winter Gives You an Edge

Spring gets all the attention, but it’s not always the best time to sell a house. Yes, more buyers show up, but so do a lot of other sellers.Winter is different. With fewer homes on the market, your house has a much better chance of standing out. And that one advantage can make a big difference.Winter Is When Your Listing Stands OutHistory shows the number of homes for sale tends to drop during the winter months. It’s a trend that’s predictable almost every year.Data from Realtor.com shows this pattern clearly. Inventory dips in the winter (the green circles in the graph below), then climbs...

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Florida’s population is booming

Florida’s population keeps growing fast — about 1,000 new people every day in 2023 alone. This surge is driven by job opportunities, warm weather, and no state income tax. But it also means more demand for homes, especially condos and rentals. That demand changes your loan possibilities, especially if you’re eyeing non-warrantable condo financing or asset depletion loans. When buying in a hot market like Florida’s coast, your mortgage options might be different from other areas. We help you understand how the population growth affects available loan programs and what that means for your...

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Heat go bust in NBA Cup: No trip to Vegas after 117-108 loss to Magic extends skid to four

ORLANDO — At the outset Tuesday night, it was as if the Heat already had passage booked to Las Vegas for the final two rounds of the NBA Cup. A 15-0 lead can do that. Not so fast . . . as Vegas baby turned into Vegas maybe and then, ultimately, leaving Las Vegas. In the end, Erik Spoelstra’s team crapped out, snake eyes of a lost opportunity the ultimate result of a 117-108 loss to the Orlando Magic at Kia Center. So on to the NBA Cup and the Vegas Strip for the Magic, and back to the regular season for the Heat. “There was something to play for,” Spoelstra said. “We just weren’t able to...

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Winderman’s view: NBA Cup mattered to Heat but more to Magic, and it showed

ORLANDO — Observations and other notes of interest from Tuesday night’s 117-108 NBA Cup loss to the Orlando Magic: – Yes, this was a different look for the NBA Cup. – That’s because the Magic’s Cup court was damaged in storage, so the regular-season court was utilized. – But in his pregame comments, Magic coach Jamahl Mosley said the Cup matters very much within the NBA, no matter any outside skepticism. – “The guys want to win, they want to get to Vegas, they want the money,” he said of the cash bonus for players that crests at over $500,000 per player for winning the title. “They want to...

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EPA eliminates mention of fossil fuels in website on warming’s causes. Scientists call it misleading

By SETH BORENSTEIN WASHINGTON (AP) — The Environmental Protection Agency has removed any mention of fossil fuels — the main driver of global warming — from its popular online page explaining the causes of climate change. Now it only mentions natural phenomena, even though scientists calculate that nearly all of the warming is due to human activity. Related Articles DOJ ends monitoring of illegal dumping in Houston in retreat from environmental justice UN says world must jointly tackle issues of climate change, pollution, biodiversity and land...

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Florida Condo Mortgage Programs

Ever stumble onto condo you are looking to purchase and wonder if it is warrantable? Non-warrantable and Condotels don’t have to be a mortgage roadblock. They do require more down payment, but also have options to use asset depletion, bank statements, DSCR, 1-year tax returns, and P & L as options for income. With Non-warrantable and Condotels commonly used for short-term rentals, Florida buyers and investors can still secure financing. Curious how these specialized loans work? Ready to explore solutions beyond traditional loans? #FloridaMortgages #NonWarrantableCondoFinancing...

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