13398 SW 11th Lane, MIAMI, FL
Presented By:
Raquel Carrero
Tower Team Realty Group
Licensed In: Fl
$ Click for current price
4 BEDROOMS | 3 full baths BATHROOMS | 2,813 SqFt
Completely remodeled 4 Bedroom 3 Full bathrooms corner unit in the heart of Southwest Miami in quiet neighborhood with great school district with magnet option. New kitchen, flooring, bathrooms, new A/C units on both floors and water heater, impact windows and doors throughout home! Large open floor plan in master bedroom with large walk-in closet. Master and 2 bedrooms and two bathrooms on second story and one bedroom and one bathroom on first story. Roof was replaced in 2006.
Types of Loans
Fixed-Rate Loans
A 30, 20, 15 year fixed conventional loans are loans that have the same mortgage payments for the term of the loan. Conventional loans typically are harder to qualify for than FHA loans and require a slightly higher down payment. However, in some cases rates can be lower and have lower closing costs. Also, monthly mortgage insurance is usually less or can be nothing with 20% down payment.
An FHA (Federal Housing Administration) loan is a loan insured against default by the FHA. In other words, the FHA guarantees that a lender won’t have to write off a loan if the borrower defaults – the FHA will pay. FHA loans are not for everybody. Nevertheless, they are a great help to some borrowers. FHA loans allow people to buy a home with a down payment as small as 3.5%. Other loans might not allow such a low down payment.
Mortgage Broker