A mortgage loan? Cash payment? Both?
Ana Benito / Broker Associate
Ana Benito / Broker Associate
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.
Since 2014, I became a Florida Real Estate Agent not only for my passion for homes but also for my intuition regarding the process of buying and selling.
Weston, Florida is my farming zone and where my deep connections with real estate community are. Buying or Selling a home in South Florida is not an easy process and often deeply personal endeavor.
The clients always deserve the best and I can provide them a full service with my professionalism, consistency, and ethical work behavior. I work with an excellent team to make sure that each transaction will be successful.
Would you like to work together? Please reach out. I look forward to hearing from you!
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