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Jeff Jafari

 

 

Lic. Real Estate and Mortgage Broker
Jeff Jafari

Nearly 1,000 people move to Florida each and every day. The migration comes from all over the United States from the north east, mid west, and the west coast. Many new Floridians are retirees and many are young working age families.The good news is that there is plenty of room in Florida. Housing is plentiful in many areas, jobs are plentiful, and the government of Florida including the DMV, are working hard to make it easy for new Florida residents to easily get settled. Following are guides to key steps new Floridians need to complete.Converting Your Out of State Drivers License Depending on the state you move to Florida from converting your license will require different identification requirements. Bringing the proper ID is the most critical step in getting your Florida drivers license. Read more details about converting your out of state drivers license.

Register Your Out of State Car

You have just 10 days to register your out of state car in Florida.


You Have 30 Days

Florida law requires that you get a Florida drivers license within 30 days of becoming a resident of Florida. You are a resident if you do one of the following:




    
© AIB 1992-2010 All rights reserved

All across the United States, there are millions of people looking to a buy home - either now or in the future.  Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a home.  When most people stop and give it some thought - buying a home makes a lot more sense than renting a home or an apartment.

In order to buy a house, you’ll need to start saving your money and have enough for the closing costs and a down payment.  Your down payment will normally need to be around 15% of the price or the value of the property - whichever is lower.  To be on the safe side, you should always try to have 20% to put down.  If you aren’t able to put 20% down, you’ll need to buy some private mortgage insurance, which will cost you more in terms of your monthly payment.

In most cases, the closing costs will run you around 5% of the property price.  Before you purchase the home, you should always get an estimate.  An estimate won’t be the exact price, although it will be really close.  You should always plan to save up a bit more money than you need, just to be on the safe side.  It’s always best to have more than enough than not enough.

You’ll know you arer ready to buy a home when you know exactly how much you can afford, and you’re willing to stick with your plan.  When you buy a home and get your monthly mortgage payment, it shouldn’t be any more than 25% of your total monthly income.  Although there are lenders out there who will say that you can afford to pay more, you should never let them talk you into doing so - but stick to your budget instead.

Keep in mind that there is always more money involved with a home other than the mortgage payment.  You also have to pay for utilities, homeowners insurance, property taxes, and maintenance.  Owning and caring for a home requires a lot of responsibility.  If you’ve never owned a home before, it can take a bit of time to get used to.

Before you fill out any applications, you should always look over your credit report and check for any errors.  Although you may think you don’t, you can easily get an error on your credit report and not even realize it.  If you have an error on your credit report, it can cost you a lot of money in interest rates.  An error will decrease your credit score, which will put you in a higher interest bracket and ultimately cost you a lot more money in the end.  Therefore, you should always know your credit before you approach a lender.

If you check your credit report early enough, you may leave yourself enough time to fix any problems and get your credit back on track.  Rebuilding credit can take time though, sometimes even years.  You should always plan ahead - and give yourself plenty of time to fix your credit.

Buying a home will require a bit of commitment on your behalf.  You should always strive to get the best possible deals, which means knowing your credit and where you stand.  This way, you can get the best interest rates.  You don’t want to buy a home with bad credit, simply because you’ll pay a lot more money for the home.  If you take the time to fix any credit problems and save up some money - you’ll be able to get a much better home for your money. More information?

 

 



    
© AIB 1992-2010 All rights reserved
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Allied Logo Allied International Brokers Naples

2661 Airport Road South Suite 101B, Naples, Florida USA
Mail: PO Box 10516 Naples, FL 34101-0516

Telephone: 239-860-1204   Fax: 239-775-7485

E-Mail jj@jeffjafari.com
Jeff Jafari, MBA,GRI Lic. Real Estate Broker

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© AIB 1992-2010 All rights reserved

Allied Logo Allied International Brokers Naples

2661 Airport Road South Suite 101B, Naples, Florida USA
Mail: PO Box 10516 Naples, FL 34101-0516

Telephone: 239-860-1204   Fax: 239-775-7485

E-Mail jj@jeffjafari.com
Jeff Jafari, MBA,GRI Lic. Real Estate Broker

localresbutton
com button

land button

mortbutton

banner


 

 



    
© AIB 1992-2010 All rights reserved

Allied Logo Allied International Brokers Naples

2661 Airport Road South Suite 101B, Naples, Florida USA
Mail: PO Box 10516 Naples, FL 34101-0516

Telephone: 239-860-1204   Fax: 239-775-7485

E-Mail jj@jeffjafari.com
Jeff Jafari, MBA,GRI Lic. Real Estate Broker

localresbutton
com button

land button

mortbutton

banner


 

 



    
© AIB 1992-2010 All rights reserved

Lenders take many factors into consideration. These factors not only influence what type of loans borrower can qualify for, also what the terms of payments will be and how many years it can be paid off. Knowledge of these factors and preparation to improve them all can make a tremendous difference when applying for a loan, in order to qualify and expedite the approval and the proses for quick closing.
Some of the basic factors apply for just about any loan but are especially important if you are trying to get a mortgage, for which the main factor is good credit and off course sufficient equity to secure the loan and or proven viable potentials that pertain to security of the loan.
To find out how good is your credit in advance, you may obtain copies of all of your credit reports from the 3 major consumer reporting companies and check each one for errors.
It is possible they have errors that can be corrected in a short time in advance, and that helps boost your score. If you have credit cards, it is best to pay them off as well as any other outstanding bills.
Grater down payments are always helpful for positive reaction from the lenders. Even If your credit is great, having more equity may effect in lowering interest rate and of course lower the monthly payments or decrease the duration of the total loan.
Accuracy of your statements is a major factor in decision making of the underwriter of the loan. False declarations and discrepancy found in loan application is a good reason for mistrust and lack of confidence for borrower’s credentials.



      
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