All Forum Posts by: Jay Soriano

@Jay Soriano

I am not in that area, but I would highly recommend speaking with an insurance broker!  They can shop around and find you the best rates and coverages from all the major and smaller insurance companies.  Saving you that step, and you could get cheaper and better coverage.  The insurance company pays them their commission typically, not you.

@Lance Mundo  Right now in Florida there are a large number of carriers that have a "moratorium" on new policies.  This year there have been 17 carriers leave the state, and there is no gauge yet as to what is going to happen since IAN hit.  Carriers are definitely non renewing, and there are some that I have heard and seen that have been canceled mid-term.

Having a good agent in Florida is extremely important now more than ever for those of us that are investing and or living in Florida.  If you need a referral send me a message and I can get that for you. 

Just make sure who ever you go with can actually honor it. Many times lenders will tell you what you want to hear till the last day

Yep! We have a few programs that allow for 15% down. Rates are higher than 80% LTV though!!

A couple programs require RE investing experience but one in particular does not. Happy to provide more info if it's helpful! 

@Jay Soriano- you will liekly be OK  ...but  - you need to clarify...is  the  cash out  refinance  is on your primary  home   or a rental  you own  ?  is the  new  property you are interested in going to be a primary home  purchase or another rental  purchase ....this woiuld be  helpful  to know  .....ask the lender you are  working with the  hypotehtical  question

Yes it is a primary residence! And the one im trying to buy will Be rental. Thanks