Shows / Buying Florida
Buying Florida
Didier Malagies is a leader in the Tampa Bay Mortgage industry, serving Pinellas, Pasco, Hillsborough counties, and beyond with his sights set on educating residential and commercial buyers regarding Florida purchases. With over 20 years of expertise, Didier has built relationships with realtors, bankers, and clients based on integrity and his drive to provide the best customer experience in the state by being there from beginning to end of every purchase.
Whether you're looking to move…
Episodes
- Buying Florida
Are we you checking on the following when buying a condo
is it over 3 stories has an engineering report been requested and what are the results is it an older condo Has the Master Insurance policy been paid and has…
- Buying Florida
Private Insurance now available for FHA Mortgages
Traditionally, FHA loans, which are insured by the Federal Housing Administration, have required borrowers to obtain flood insurance through the National Flood…
- Buying Florida
Scammers not only going after the borrower's wire but now Lenders
I'm sorry to hear that wire fraud is occurring with scammers targeting lenders. Wire fraud is a serious issue that involves the use of electronic…
- Buying Florida
New ruling on cash our refinances and getting free money for a first time home buyer
wanting to cash out and refinance your home on appraised value, must now wait 12 months. for 1st time home buyers making under 64k, you can get 1,250 to 2,500…
- Buying Florida
Why are rates so much higher on a second or Investment property
There could be various reasons why the government might choose to curtail mortgages on second and investment homes. One potential reason is to reduce the risk…
- Buying Florida
Does it make sense to refinance to a higher interest rate on your mortgage?
There may be some situations where it makes sense to refinance at a higher interest rate in order to consolidate debt. For example, if you have multiple…
- Buying Florida
Excellent credit and putting more money down will now hurt you with higher rates and fees
New legislation being passed on May 1st for getting a mortgage will 1. Credit score from 680 to 780 will be penalized for having good credit 2. Putting more…
- Buying Florida
Loan officers attending your mortgage closing
Final verification: The loan officer can verify that all the loan documents are correct and accurate. They can also ensure that the loan is being disbursed…
- Buying Florida
Opt out of the Trigger list and do not call registry
So what is a trigger list and how does it work? Each time that you apply for a credit card, auto loan, mortgage, or refinance, your personal information is…
- Buying Florida
How does the mortgage process work
Pre-approval: Before you start looking for a home, you may want to get pre-approved for a mortgage. This involves submitting an application to a lender and…
- Buying Florida
Do not order the appraisal until after the home inspection
It is generally recommended to wait until after a home inspection before ordering an appraisal because the inspection can provide valuable information about…
- Buying Florida
Do I lock in my interest rate on my mortgage
Deciding whether to lock in your mortgage rate when getting a mortgage is an important decision that can have a significant impact on your finances. A mortgage…
- Buying Florida
What is going on with interest rates and bank failures
In some cases, the failure of a bank could actually lead to lower mortgage rates, particularly if the government steps in to bail out the bank or provide…
- Buying Florida
FHFA has made changes that can also increase your interest rate
FNMA/FHMC loans will be affected by the rate due to ltv, credit scores, and income/debt ratio will it be better in some cases to go FHA will a higher than 40%…
- Buying Florida
FHA is dropping there monthly PMI factor down from .85 to .55
FHA dropped their monthly PMI payment from .85 down to .55 this is huge in terms of reducing the monthly mortgage payment. There still is the upfront funding…
- Buying Florida
Are you comfortable with the mortgage payment is the most important question
A comfortable mortgage payment is one that you can afford without feeling financially strained or stressed. In general, a mortgage payment that is no more than…
- Buying Florida
Does it make sense to refinance your mortgage now
How much are you saving by consolidating your debt into one mortgage? how long does it take to recuperate the cost if you are saving thousands a month? Are…
- Buying Florida
What do we need to know about property taxes when buying a home
Is it a good idea to close at the end of the year or the beginning of the new year what about portability from one home to the new home filing for homestead is…
- Buying Florida
when in the month is it best to close on your mortgage
s it best to close at the end of the month or the beginning one could be short of cash to close and then end of the month makes the most sense or you are in a…
- Buying Florida
10,000 people a day are turning 65, are you all set for retirment
will your pension, social and 401k last your lifetime? will you have extra money for whatever may happen that is not in the budget what happens when the gov't…
- Buying Florida
Why use a Mortgage Broker
A mortgage broker acts as a middleman between borrowers and lenders. They can help borrowers find the best mortgage rates and terms by shopping around among a…
- Buying Florida
Buy a home with down payment, FICO score and Reserves but no income?
no income verification - no tax returns for the self-employed, retired, volatile or irregular employment, seasonal or Gig workers, owners of cash businesses…
- Buying Florida
A Recap of 2022 in the mortgage industry
tune in and learn more at https://www.ddamortgage.com/blog The first half of 2022 was fast and furious outbidding on each home cash being king then…
- Buying Florida
How fast can we close on a mortgage in today's market
loan application taken in 15 minutes du/lp approval in 30 minutes electronic signatures sent to you within the hour secure email provided to upload documents…
- Buying Florida
How will a mortgage benefit you in 2023
what will happen when the govt pivots? the printing press will start up some time and what does that mean to you refinances again at the rates you are locked…
- Buying Florida
Happy Holidays and what is in store for 2023
Have a Great holiday and Happy New Year! what happens in 2023, take the time to reflect on how to grow your business next year! what will happen to interest…
- Buying Florida
A Reverse Mortgage for a purchase or a refinance
Buying a home and not using all your cash owning a home and using the equity to payoff off a mortgage, get a HELOC, or get monthly payments set up to help in…
- Buying Florida
rates are coming down, houses are beginning to stay on the market
tune in at https://www.ddamortgage.com/blog rates are coming down for purchases houses are starting to stay on the market when the government pivots and prints…
- Buying Florida
Hecum - line of credit for your retirement (Reverse Mortgage)
tune in and learn more at https://www.ddamortgage.com/blog So, the bottom line is that the line of credit reverse mortgage shares some of the features of the…
- Buying Florida
Rates came down this past week, is there light ? will they continue to come down
Rates dropped this past week is the Gov't going to change course on the rates going up? The Gov't has an agenda and until they accomplish what they need to do…
- Buying Florida
Do you need to get a HELOC loan on your home to consolidate debt and need cash
need to get an interest only no closing costs loan on your home you have a great low rate on your first mortgage now but could use some money to consolidate…
- Buying Florida
An adjustable Rate on a mortgage maybe the way to go on your next purchase
tune in at https://www.ddamortgage.com/blog Doing a 5-year or 7-year arm to help lower your mortgage payment as well as the 2/1 buydown there are options to…
- Buying Florida
Refinancing will happen next year when rates come donw
Those that have a lower rate from the past, may refinance and consolidate debt at the time rate Did you get an equity line and need to consolidate next year…
- Buying Florida
Commercial loans that may fall out and need other options to get done
Fall out from SBA loans available no tax returns or cash flow may be the option 12 months of business bank statements may work as well there are many options…
- Buying Florida
Helping Victims of a Presidentially Declared Major Disaster Area purchase a home
0% down payment Good for 1 year after the Disaster Flexible underwriting for credit events caused by the disaster Purchase of a single-family home or unit in…
- Buying Florida
Final inspection needed after the hurricane
After a major hurricane and Fema puts you in the county several things must happen you need to get a re-inspection of your home most will require the appraiser…
- Buying Florida
Shop your interest rate with the least amount of closing costs
tune in and learn more at https://www.ddamortgage.com/blog Shop your interest rates don't pay points the least amount of closing costs government will pivot…
- Buying Florida
what more can you possibly ask for on a self employed getting a mortgage
getting a CPA letter no adverse effect of taking the funds out of the business what % do you own your business tune in at https://www.ddamortgage.com/blog…
- Buying Florida
2/1 buydown on getting a lower payment and rate on your mortgage
Start with a rate 2% lower than the market rates for the first year then 1% for the second year save money with the seller concessions what happens if you…
- Buying Florida
Conforming loan limits increased to $715,000
tune in and learn more at https://www.ddamortgage.com/blog Loan limits increased to $715,000 for FNMA and FHMC get better rates without having to go to Jumbo…
- Buying Florida
What is going on this year in the mortgage industry
Non-QM lenders going out of business Non-QM having to pay to get their loans off their lines conventional lenders laying off, closing channels across the board…
- Buying Florida
verification of rent when buying a home
doing verification of rent with a private individual or mgmt co being prepared if doing a non-QM loan if they want canceled checks maybe best not to pay in…
- Buying Florida
What you need to know about your property taxes when buying a home
tune in and learn more at https://www.ddamortgage.com/blog what happens to the property taxes after you purchase your home do you know about portability if it…
- Buying Florida
Shop your home owners insurance when buying a home and already owning a home
tune in at https: www.ddamortgage.com/blog is your insurance going up in your escrow account when buying are you shopping know to get a 4 pt when shopping why…
- Buying Florida
Fast closings when getting a mortgage
du/lp the loan when getting a verbal borrower uploads documents quickly borrower shops insurance processor orders appraisal and title realtor gets home…
- Buying Florida
Using bank statements to qualify for a mortgage
12 months of bank statements to qualify for a mortgage 2 years of being self-employed no tax returns no w2s no 1099's tune in and learn more at…
- Buying Florida
Buyers are getting a better opportunity in getting a home now and what to do about the interest rates
buyers are having a better chance of getting their home when making an offer even though rates are higher than what we have experienced there is an answer to…
- Buying Florida
A Non Qm lender goes out of business, is there more to come?
why did Sprout go out of business? what did they do that other may have done as well? need to monitor in the coming months if others fall by the wayside…
- Buying Florida
working capital up to 150,000
2 years self-employed 680 min credit score no cashflow analysis no debt refi , no equipment 30% of their top line, gross revenue from the last tax returns UP…
- Buying Florida
when will it be a good time to refinance
tune in and learn more at https://www.ddamortgage.com/blog how long will rates continue to increase when will the Fed reverse course what can we look for as…
- Buying Florida
Self employed with different options of purchasing or refinancing your home without tax returns
tune in at https://www.ddamortgage.com/blog Bank Statements for income 1099 only for income no income no jog rental income to qualify on investment properties…
- Buying Florida
should I buy or rent with this transitory inflation, for real?
what is the payment on a fixed mortgage vs a rental is it transitory or not is the price of food, gas, and rent going to continue to go up what can I do when…
- Buying Florida
No Income no Assets on Primary or Secondary Homes
tune in and learn more at https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329 no verification of income or proof of funds on…
- Buying Florida
Purchasing a home with a Reverse Mortgage
tune in and learn at https://www.ddamortgage.com/blog purchasing a home with a Reverse Mortgage only have so much money to purchase a home and the cash you…
- Buying Florida
What is a non Recourse loan for a Reverse Mortgage
tune in and learn at https://www.ddamortgage.com/blog What happens after death who is responsible for mortgage who gets title to the home is a non recourse…
- Buying Florida
Is it time to consider a Reverse Mortgage for those 55 and older that is on a fixed income
Food prices higher Gas higher everything going up in price is it time to use the equity in your home as a retirement vehicle no mortgage payment, consolidate…
- Buying Florida
Do you need to a business loan to grow your business or consolidate debt
tune in and learn at https://www.ddamortgage.com/blog add in payroll purchase capital consolidate debt https://www.ddamortgage.com/blog didier malagies…
- Buying Florida
qualifying with 1099 income for a mortgage
not using tax returns with 1099 income getting 90% of the income refinancing and cashing out at 80% up to 10% down up to a 1,000,000 home with no pmi…
- Buying Florida
Is it time to sell your business to an employee, family member or some one from the outside
tune in and learn more at https://www.ddamortgage.com/blog does an employee want to buy your business does a family member want to buy your business or is it…
- Buying Florida
with inflation what is happening to interest rates and the prices of home all going up
tune in at https://www.ddamortgage.com/blog what happens when interest rates and prices of homes continue to escalate what makes sense to buy a home at this…