If you Need Money to Make Money, it’s Available
Don’t Pass on a Real Estate Transaction Because You Don’t Have the Cash A playwright named Titus Maccius Plautus from the 200s–100s BC is credited with saying, “You have to spend money to make money” and so that concept has been around for a long time. If you’re a real estate investor and you have […]
Interest-Only Loans Remain Popular as 2023 Mortgage Rates Remain Reasonable
Another year has come and gone, and Real Estate Investors continue to be optimistic as 2023 begins. Purchases in areas of the country where there is steady growth are proceeding due to the availability of funds including interest-only loans which are popular for investors as well as long-term homeowners, depending on their goals. While there […]
Loans with No Income Verification
Available for Many Real Estate Transactions The first recorded evidence of lending comes from about 3000 BC in Mesopotamia when farmers would borrow seeds and repay the debts with food. Writings show that the maximum interest allowed at the time was 33 percent. As years passed and currency came to be used, people would borrow […]
How Common are Interest-Only Loans in Florida
Rate Hikes Have Changed the Lending Landscape Interest-only loans have been an option for homebuyers and homeowners for many years and they offer several advantages, depending on the situation. As with all decisions regarding finance options for home loans, it’s important to understand the goals of the individual borrower as well as the circumstances, which […]
Interest Only Loans for Florida Vacation Properties: The Right Choice for Your Investment?
Just think about it: a new vacation property in Florida, the perfect spot to rest and relax. You’ve purchased a vacation property as an investment, something you can use personally or rent out to others and earn income. Florida vacation properties are a great investment option—but is it the right choice for you? Many investors […]
The Florida Housing Market Is Finally Balancing Out
Starr Mortgage says the market is leveling out. With interest rates inching higher, the balance has been restored to the housing market. According to redfin.com, homes in Florida stayed on the market for a median of 24 days before being sold. This change is bringing relief to those in the market to purchase real estate […]
What You Should Know About Interest-Only Loans
Purchasing real estate can be complex, especially if it’s your first time. There are so many details to figure out, and everyone has opinions on what you should do! Undoubtedly, figuring out your mortgage is the most important—and most complex—part of purchasing a home. But that’s what we’re all about at Starr Mortgage Company—helping you […]
What is a Condotel? Starr Mortgage Wants You to Know
Just imagine—living the life of luxury in a Miami high-end hotel. But here’s the thing: you own it. Not a timeshare, not a rental, or not a short-term vacation stay—you actually own a piece of the property and can use the hotel room as you want! This is exactly what condotel (or condo-hotels) can offer […]
Home Buying for Millennials
Believe it or not….The Millennials (born between 1980 and 1995) are the largest group of home buyers in the current real estate market. This group currently makes up 32 percent of all home buyers. Until recently, Millennials (or Gen Y’ers) have been the least interested in purchasing a new home. However, this has recently changed […]
Foreign National Loans
About Loans For Foreign Nationals If you’re not a citizen of the United States, don’t assume that it’s too complicated or next to impossible for you to receive a loan. The fact is, foreign national loans are in no way out of the realm of possibility. It’s not at all uncommon to come across mortgage […]
