A mortgage loan? Cash payment? Both?
Franklyn Fennelys
Franklyn Fennelys
The payment method to use for the purchase of a property will depend on the amount of money you have available to invest, as well as your credit reputation. The budget you have will help you choose the area, the type of land and the dimensions of your new property.
There are mainly two methods of payment:
If your option is to buy using the cash method, then you know what budget you have. However, even with the money, it is always good to consider financing, which could help you buy a more valuable property.
However, if you do not reside in the United States and want to buy a property here, there is the possibility of applying for a mortgage loan, with an initial payment that usually ranges between 25% and 50% of the total price of the property, and an average interest rate of between 5% and 7% for a 30-year term.
For people who are residents or are American citizens, these numbers change abruptly because they could buy a property only by providing an initial amount of approximately 9% and in many cases closing costs are included.
Once you are clear on the payment method you want to use, cash or loan or even cash and loan, then we can talk about the budget. This will allow you to determine the zones and types of properties to which you could have access.
Real estate agent based in the city of Orlando with experience in caring for people with needs in the purchase, sale and rental of real estate.
Franklyn Fennelys is currently specializes in serving people who want to buy or sell houses. Specializing in exclusive areas such as Orlando.
Agente de Bienes Raíces con sede en la ciudad de Orlando con experiencia en atención de personas con necesidades en la compra, venta y renta de propiedades inmobiliarias.
Actualmente Franklyn Fennelys se especializa en atender a personas que desean comprar o vender casas. Especializada en áreas exclusivas como Orlando.
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