Here it is mid August and the beach has been better than ever this summer. I have been throwing frisbees for 36 years on Daytona Beach, but the weather and winds have never been better than this summer.
Life is good and getting better. The water temps have been perfect for body surfing as well. I can’t think of anywhere else I would rather live, so come visit and see for yourself.
I’m the frisbee tosin’, Mortage Machine,
Gene Garrard
In Florida we are blessed with more than our share of sunny, bright and comfortable days through the course of any calender year. Florida is a very large state from north to south and from east to west. The Daytona Beach and Palm Coast areas are very centrally located. We sit on the “Worlds Most famous Beach”, but we are located right next to Interstate 95 and Interstate 4. It takes about 1 hour to get to Walt Disney World and the Orlando, Forida area. We are able to travel north, south, and west very easily due to the location.
The Mortgage Machine-Gene Garrard
Summer on the Florida beaches is one of life’s true pleasures. The water temp is cool and refreshing. Daytona Beach is known as “The Worlds Most Famous Beach”. You have the option of driving your car or scooter for miles on end. There is no beach like this in the world.
The Mortgage Machine-Gene Garrard
Well, Cupid has struck the Fishing Mortgage Banker. There is a special lady in my life. So, I have a dilemma.
Currently, I own 3 homes on saltwater canals in beautiful Palm Coast, Florida. I have lived in my current home for 7 years and it suits me just fine. Either of the other two suit me just fine. BUT, we will need a bigger house for the two of us and both of our pets!
That puts me in the market for a bigger, newer home. Of course it needs to be on the water! We will be looking for something in the Daytona and New Smyrna market. It also means that my 3 homes will be available for purchase and they are certainly worth a look!
Well, I need to get back to home shopping and preparing for the next Pro Kingfish tour and a local event, the Kingbuster 400.
Let’s all look for some homes and be sure to see me, the Fishing Mortgage Banker for the loans!!
Larry,
The Fishing Mortgage Banker
ready to hook a great mortgage deal for your next real estate transaction.
Larry Vogt, the Fishing Mortgage Banker here, with an update on the
SKA Yamaha Professional Kingfish Tour .We have completed, my team and I, the second leg of the SKA Yamaha Professional Kingfish Tour with a 13th place in the Pro Division and 1st place finish in the Cobia Division. Our 46.55 pound cobia stomped second place by 13 pounds!
Our two fish aggregate of 66 pounds has moved up the Team Evinrude/Koolau fishing team from 17th to 8th place on the Pro Tour. Follow our season at www.fishska.com
Visit www.bambamfishing.com for pics of what roams around in the Atlantic Ocean off the coast of Florida. Our next Pro Tour stop is in Port Fourchon, LA, home of some of the largest kingfish in the world!
Until next time, I’m Larry Vogt, the Fishing Mortgage Banker,
ready to hook the great mortgage deal for you!
FOREIGN NATIONALS PROGRAM/MAGNA MORTGAGE
This program designed for easy pre-qualification for mortgages.
* Passport and/or VISA required
* Purchase and Second Homes only. (No investor properties)
* Stated income (no income documentation required)
* Verified assets in a U.S. bank account (must have enough monies to close and 3 months worth of reserves)
* State remaining assets in foreign bank accounts (do not have to verify)
* Must have verified employment by (a) verification of employment, (b) 2 years business license, or (c) accountant’s letter
* Maximum loan to value is 80%, or 100% Regions Bank pledge (this requires a 20% of the purchase price down payment, and the closing costs)
* A signed check draft authorization and the 1st payment are collected at closing.
* Must have valid picture ID and documentation to satisfy the “Patriot Act”
* Minimum U.S. credit score (if one is available) = 660
* 2nd Home condo conversions under 800 square feet are limited to a 20 year term
* International Credit Report is required
* The maximum mortgage term is 30 years
* The Index used is the 1 year treasury bill
* There are 2 mortgages to chose from:
30 year term
*
o
A. 5/1 ARM – the rate is fixed for 5 years and then adjusts annually
*
o
- Margin = 2.75
*
o
- Caps = 5/2/5
*
o
- Present rate = 7.875%
B. 3/1 ARM – the rate is fixed for 3 years and then
Adjusts annually
*
o
+
# Margin = 2.75
# Caps = 2/6
# Present rate = 7.5%
NOTE: Rates as of 01/18/07 and are subject to change without notice.