Results 1 to 2 of 2
LinkBack URL
About LinkBacks-
12-06-2008, 06:24 PM #1
Renter
- Join Date
- Dec 2008
- Location
- Grand Blanc, MI
- Posts
- 2
Looking in the Kissimmee/Orlando area for 2nd house
Hi folks...need some help here.
I am looking for a single family home in the Kissimmee/Orlando area. After briefly looking online, I believe that I am in the market for 3br house around the 150K mark....
1. This will be a second home for me. I am not selling my current home in MI.
2. I have about (in today's market) 25K in equity in my existing home.
3. I have minimal debt in comparison to income.
4. I intend to put down 10% max.
5. I intend on using the property as a rental for a period of 5 years until I retire and use the home in the winter months.
Questions:
1. Can you recommend an area in Orlando that is better than another.
2. I haven't started to look into financing. I have great credit, will I have a problem in today's mortgage climate about getting a second home loan?
3. Are mortgage companies looking for more down payment?
If anyone responds, I am sure to have more questions....thank you in advance.
-
12-09-2008, 12:00 PM #2
Renter
- Join Date
- Dec 2008
- Location
- Winter Springs, FL
- Posts
- 1
Come to Central Florida!
Dear Retirement Bound,
I am a Realtor in the northeast Orlando area and would be happy to assist you in your home search. As you know, we are in a very challenging market at this time, but if you are a Buyer, you have a lot of options. The Oviedo area is a good area to buy in because it is near the University of Central Florida which can provide a good rental pool for you. If you would like me to pursue a home search for you, please visit my website at OrlandoRealtySource.com and contact me. I look forward to discussing real estate possibilities with you.
Best regards,
Joyce, Orlando Realty Source
Reply With Quote
Bookmarks