Florida’s real estate market is unique, with a vibrant range of properties from beachfront homes to urban condos. Non-QM loans are particularly useful here due to the varied nature of the state’s economy and the types of employment it supports. Here are several reasons why considering a non-QM loan might be right for you:
South Florida’s real estate market is renowned for its vibrant growth and investment potential, making it an attractive hub for real estate investors. Whether you’re looking to expand your portfolio or step into property investment for the first time, understanding the power of DSCR loans can be a game changer.
A HELOC is a revolving credit line that allows you to borrow against the equity you’ve built up in your home. It works similarly to a credit card: you have a set credit limit to draw from over a period known as the draw period, typically 10 years. During this time, you can borrow as much or as little as you need, up to the limit of your line. Interest is only charged on the amount you use, not the total available credit.