Tapping into your Equity – Refinance

To refinance is to pay off your existing mortgage with another one at a lower rate.

A cash out mortgage refinance is the most common type of refinance. It is when you refinance your existing mortgage and borrow some of your equity in a lump sum to use it for other purposes such as home improvements, college, medical reason, and etc.

Other reasons people use a cash out refinance is to use the equity in their home to invest in real estate, or start their own business.

Cash out refinances are very good tools when used for the right reasons. It is not wise to do cash out refinancing if you are going to receive a higher interest rate than what you already have on your current mortgage.

If you have a really good rate on your current mortgage, it would be wise to leave it alone.

However, if you are looking to tap into the equity you have acquired in your home without touching your current mortgage, you may want to consider a Home Equity Loan.

With a home equity loan you can borrow the equity you have acquired without touching your first mortgage. The home equity loan is also referred to as a second mortgage.

For illustration, if you have acquired $50,000.00 worth of equity in your home, you can borrow what you need of that equity, without your first mortgage being affected.

The cash out refinance and the home equity loan are very similar and serve almost the same purpose, your situation should determine the right choice for you.

Always do your homework before you get serious with any lender. Educate yourself and shop around to find out fees and rates from several different lenders. Once educated you will feel much better about the decision you make on your mortgage refinance. One of the best place of looking is online for rates and selective information about your refinance. You can see what nationwide mortgage rates are doing at http://www.geniusrates.com. They have a tool bar on the right hand side that is constantly displaying rates as they change on the market all day long. It also shows which way the rates are headed to know whether or not to lock in your rate.

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Orlando and Central Florida Area Vacation Homes

If you are looking for a home next to Disney in the city beautiful of Orlando, this is the perfect time. The US home market is moving as fast as it was 5 years ago, the only difference is that the prices of real estate in Florida are still holding the recession value.

Investors from all over the world are taking this opportunity to the next level by purchasing homes in beautiful resorts so they can enjoy with their families when they go on vacation in Orlando, Florida and also monetize with rental programs that can bring up to US$3,000 per month in revenue, covering all the maintenance fees and expenses that this investments can bring the home buyers from overseas.

According to Trulia, Canada, Brazil, United Kingdom, Australia and France are the countries where the demand for investments in Orlando has doubled in the last 2 years.

Orlando- Central Florida area, Miami and New York have seen first hand a major increase in Real Estate Sales, the mentioned cities have the largest investment demand, due to its history as a tourist destination, amenities and vacation destinations.

Fabio Silva, Brazilian Realtor in Orlando Florida says “it is amazing to see the amount of people from other countries looking for investments in Orlando and Central Florida area, understanding the culture and the needs of the Brazilian people in this case has been a great asset for me. Orlando is also an easy sell being such a great vacation destination; international buyers love the idea to have Disney World as their neighbor.”

According to Trulia Brazilians, Canadians and European investors have purchased US$13 Billion in Real Estate in Florida, Orlando being the most desirable destination, beating the beaches in Miami and followed by New York.
For More information you can contact Fabio Silva directly at (407)325-4030.

Fabio Silva
International Real Estate Specialist
Luxury Team of Florida
7593 Gathering Drive – Reunion – Florida – 34747
(407) 325-4030

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Best Orlando Homes for Sale

Best Orlando Florida Real Estate Orlando

Listing of Homes For Sale Orlando, foreclosures, quick sales and homes For Sale by Owner (FSBO) online. Take a virtual tour or link to Orlando’s Best Realtors.

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Mortgage Broker Orlando

March 23, 2015 by Orlando Florida Magazine  
Filed under Real Estate

Mortgage Brokers Orlando

Hunting for a home is not quite as easy as it used to be. Those with sticky or shaky credit could always go to a mortgage broker in Orlando to see what they could find for them. The reins have tightened, so to speak, since the bottom fell out of that particular market. However, it does not mean that some with a few glitches cannot find the mortgage they need.

When you go to a mortgage broker in Orlando, you are not going to your bank. They do not personally give you a loan, but they try to find one for you. Many mortgage brokers in Orlando will work to get you the best deal they can, though there are times when there is nothing more that they can do. You can think of the mortgage broker in Orlando as someone who works between barrowers and lending institutions. If you have no idea what you are doing or how to go about getting a loan, these folks can be increasingly helpful to you as the process wears on.

What you will find in a mortgage broker in Orlando is someone who understand the current market, and might tell you right away what type of interest rate you can hope to get, or if you can get a loan at all. Though they want to place everyone with a loan, they know that some simply will not qualify for a mortgage. They can save you a lot of work and a lot of time if you find the right mortgage broker in Orlando, and they may even be able to suggest things that will make you more attractive as a borrower before they look around to find what you need. That can mean savings via your interest rate, and that is always a good thing.

So, if you’re interested in buying a new home, start looking for a mortgage broker in Orlando. There are some who specializes in bad credit, and some that specializes in business. Take your time and find the right mortgage broker in Orlando. Getting a loan should never be taken lightly, and you want someone working for you that feels the same way.

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Real Estate Listings in Orlando

February 25, 2015 by Orlando Florida Magazine  
Filed under Real Estate

Whether you’re buying or selling a home or land, you’ll want to check out the number of real estate listings in Orlando available online. View every available property anywhere in the country that is on the multiple listing service or MLS, and find just what you’re looking for at your convenience. Many real estate listings in Orlando feature numerous pictures of the property in addition to general information, such as price, square footage or acres, number of bedrooms/bathrooms, type of construction, etc. Some real estate listings in Orlando may also include a virtual tour, which shows viewers more detail than still pictures provide. Believe it or not, many property sales and purchases are done completely via the internet, email, faxes, and express delivery services. The property is not physically visited by the purchaser until after the transaction is complete. Though not the traditional approach to buying and selling real estate, the option is there if that’s what you need.

In your search for real estate listings, you will undoubtedly come across Realtor.com, which is the world’s largest real estate database of homes for sale, and the official site of the national Association of Realtors. This site features real estate listings in Orlando and from across the nation, making it easy for you to find your next home or other real estate property. Lots of great tips and advice can be found at Realtor.com including how to make your home worth more, market conditions, local mortgage rates, payment calculators, and more. You can also save time when you go back to the site by saving frequent searches and favorite properties that you want to keep an eye on. These features are available on most local realtor sites featuring real estate listings in Orlando and Central Florida as well.  

Browse local real estate listings in Orlando today! Most Orlando realtors have websites and can assit you in finding answers to all of your real estate questions regarding home values, mortgage rates, and any MLS real estate listings in Orlando.  Properties that are going through foreclosure may be featured as well, which may be your opportunity to find your dream home for a very realistic price. Some things come your way but once in a lifetime, so don’t pass them by!

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Best Orlando Real Estate Agents

Orlando Real Estate Agents

Find the best real estate agents and real estate brokers in Orlando and Central Florida. Orlando Real Estate agents will help you navigate the real estate market, effectively utilize MLS, help you price and market your home in Orlando and ultimately find the affordable home of your dreams.  Whether you are seeking foreclosed and resale properties, looking to buy a new home or relocating to a more family-friendly neighborhood in Central Florida, Orlando real estate agents know the ins and outs of the Orlando real estate market and will provide you with the resources to help you with applying for mortgage and taking advantage of the housing tax credits.  So, don’t wait; contact an Orlando Real Estate agent in your area today!

Best Orlando Real Estate Agents
best Orlando real estate brokers in central florida

  1. Kathleen S. Carlson – Imagination Reality
  2. Lynn Searson – Front Gate Realty
  3. Cecelia Niles – Celebration Residential Reality, Inc.
  4. Lydia Pisano – Century 21 Orlando
  5. Maurice Pierre – Century 21 Orlando
  6. Bo Stanley – ReMax Orlando
  7. Madeline Ortiz – Remax Orlando
  8. Margaret A. Burke – GMAC Real Estate
  9. Bill Gabriel – GMAC Real Estate
  10. Chris Orion – GMAC Real Estate
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Orlando and Central Florida Golf Resorts

September 10, 2014 by Orlando Florida Magazine  
Filed under In the News, Real Estate

Orlando and Central Florida area have been a major golf destination for years, the famous “snow birds” people running away from the cold weather in the northern regions of the country, were always the main focus for the Orlando golf resorts, but now, a different “invasion” is happening to this major golf destination.With the increase in popularity of the sport we have been seeing a major increase of international golfers arriving in Orlando, and investing in Real Estate in Central Florida. The fact that golf resorts are expensive and only people with a higher income can afford it, has changed with the economy in the last 5 years.

Reunion Resort one of the best golf resorts in the Country, the only one with 3 major golf courses designed by the three icons of the sport, Jack Nickalus, Arnold Palmer and Tom Watson, has seen in 2010 and forecasted for 2011 a major increase in Real Estate sales.

The main investors are coming from other countries, Canadians and Brazilians are on top of this list purchasing over US$13 Billion in Real Estate in Central Florida in 2010. According to Trulia one of the most popular Real Estate search websites in the country, this number tends to increase by 30 % in 2011 and 50% in 2012.

Fabio Silva the International Sales Specialist for Luxury Team of Florida (Preferred Real Estate partner of Reunion Resort), recently came back from Brazil on a market exploration trip and noticed  a large demand of Real Estate in Central Florida, the economy in Brazil is now one of the best in the world and the American Dollar is not as strong as it was 10 years ago, Brazilians are coming strong into the Real Estate market in Orlando and Central Florida Area their preferred international Vacation Destination, according to the Brazilian Aviation association recordings that shows that 76% of the international flights  leaving from Brazil arrives in the United States.

Silva is very optimistic with the future of this market and the investments that the Central Florida Area is making to attract more and more international tourists willing to invest in this area: “The Month of July is going to be great, and the last six months of the year are very promising”. Silva has made himself available for any inquires from international buyers (407)325-4030.

Luxury Team of Florida

7593 Gathering Drive

Reunion – Florida – 34747

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Best Orlando Real Estate

February 26, 2014 by Orlando Florida Magazine  
Filed under Real Estate

Best Orlando Real Estate Florida

Thinking of buying or selling a home in Orlando? Orlando Real Estate professionals in Kissimmee, Celebration, Maitland, Lake Mary, Winter Park and other locations throughout Central Florida will assist you in buying or selling your house, condo, townhouse, or rental property.  Browse Orlando Florida Magazine for the best in Orlando real estate listings, mortgage rates, and information on the best real estate agents and real estate brokers in Central Florida.

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Best Orlando Builders

December 24, 2012 by Orlando Florida Magazine  
Filed under Real Estate

Best Orlando Builders in Orlando
Looking for builders in Orlando? Orlando has some of the best builders in Central Florida offering unique floor plans and competitive buyers-market prices! Find luxurious homes in Orlando, new single family homes, townhouses, and condos in Orlando’s best neighborhoods.

Orlando Neighborhoods

  • Alamonte Springs
  • Apopka
  • Celebration
  • Clermont
  • Conway
  • DeBary
  • Dr. Phillips
  • Lake Mary
  • Longwood
  • Maitland
  • Mt. Dora
  • Orlando Downtown
  • Orlando East
  • Oviedo
  • Sanford
  • Sorrento
  • Windemiere
  • Winter Garden
  • Winter Park
  • Winter Springs
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