Hialeah, FL

FHA 203K Loan / Lender - Smooth Transaction Guarantee! - Hialeah, Florida

Brent Kluge & Group is the leading FHA 203K lender in the Mid Atlantic for a reason... Service!
What you get when you finance your FHA 203k renovation project with Brent & Team:

• 16 Years of Renovation Mortgage Finance
• Communication & Clarity on Process, Costs and Expectations
• Experience looking out for your best interests throughout the entire process
  
• We check your renovation numbers to ensure you are NOT being overcharged!
• Brent Calls Balls/Strikes with all parties to PROTECT YOUR INTERESTS.

Check out Brent's website for further details:

Check Out our list of Satisfied Customers and what they have to say about Brent Kluge & Group.


The FHA 203K mortgage requires action early in the process to set the stage for proper transaction flow...


A phone call for a discussion about your project costs nothing... but you could save thousands.

HIALEAH HOTELS, MOTELS & RESORTS FOR SALE IN HIALEAH, FL.

Please inquire for the latest update in the HIALEAH area.

PLEASE CALL FOR CURRENT & UPDATED INFORMATION ON WHAT IS AVAILABLE. 

Are you looking for Hotels, Motels & Resorts to add to your Local or Global investment portfolio?

We can represent you in the acquisition of any hotel, motel & resort property in the U.S. 

Bankrupt Properties / Bank Managed Properties / Regular Sale / Broken Asset

Representation is everything, contact a specialist that knows the inner working of the hotel/motel/resort world.

The foundation of our investment sales is the depth of our local market knowledge, The firm has closed, Thousands of investment transactions for private and institutional investors. By closing more transactions annually than any other firm, our investment professionals are able to provide clients with an unparalleled perspective on the investment real estate market locally, regionally and nationally. Included in these transactions were shopping centers, office and industrial buildings, apartment properties, single-tenant net-lease properties, hotels /motels, senior housing facilities, manufactured home communities, self-storage and land.

Please submit an inquiry by e-mail or phone and we can furnish you a live and up to the minute update of investment properties that fit your needs. What ever part of the world you are from we can assist you with every aspect of your acquisition. Look no further for your representative!

InvestmentAcquisitions@gmail.com

  COMMERCIAL SEARCH FOR HIALEAH BELOW.

Here is how it works for a current owner:

Let’s start with the example of the traditional Reverse Mortgage, which is done when someone already owns the home, has equity, and either wants to cash out or pay off their current mortgage without requiring future payments:

So John and Sally are 62 years old.

Their value is 200k, and they owe 100k.

Based on their age they have a benefit (or available loan amount) at approximately 60% of their value, which is 120k in this example.**

SO THEY USE THE MORTGAGE PROCEEDS OF 120K TO PAY OFF THEIR CURRENT MORTGAGE (eliminate their payment) AND CASH OUT THE REMAINING 20K TO USE AS THEY PLEASE.

Of course, if they owe nothing, then they keep the entire 120k.

Reverse Purchase NOT selling another property:

Using the same numbers from above; John and Sally must CREATE THE EQUITY IN THEIR NEW PURCHASE of a 200k house to qualify for the Reverse Mortgage for Purchase.

What does that mean?

If they needed 40% equity in the previous example, which was 80k of the 200k value, to qualify for the Reverse Mortgage Refinance, then their new down payment is 80k. They have just created the 40% equity with the down payment.

They will never need to make a payment on the NEW 120k mortgage because it will be a Reverse Mortgage!!!

Of course, they would need access to 80k in a current retirement fund and/or cash that they can use for the purchase.

With this example you may have converted a listing into a purchase, but you can keep the listing in your back pocket until the market rebounds. All the while you have given your client a new way to achieve their goals. They will always remember you and tell their friends about what you did for them.

COMMON MISUNDERSTANDING: Some people explain this as something more complicated than it is. They say, “You have the down payment plus closing costs,” and it scares them because they think it 40% plus closing. So when I gave the figure of 80k, that 80k INCLUDES ALL closing costs. It’s hard to visualize, but if and when I sit down with the borrower I can explain it in very easy terms.

Reverse Purchase when using funds from the sale of another property:

John and Sally are selling their current home for 400k. We will say that the 400k is their net proceeds after all costs of selling.

Normally they would use 200k of that 400k to buy the new house so that they can retire without a mortgage payment, but then they only have 200k remaining for savings or investments.

Why not show them a way to keep 320k from the 400k sale instead of only 200k, and still not have a mortgage payment on the new purchase? Just refer to the example above when John and Sally purchased without selling a home.

John and Sally only use 80k from the 400k to buy the new house.

$212,000 3 beds, 1 baths, 2474 sq ft

Neither a Foreclosure nor a Short Sale... Just, truly a great deal in Hialeah. Property is priced to sell. Make an appointment to view today.You cannot let this opportunity pass you by, call today.