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Mortgage | Julie's Realty Blog

Wednesday, October 23, 2019   /   by Suyapa Sauceda

How Do Mortgages Work?

How Do Mortgages Work?


When you take out a mortgage, you borrow money from a lender to buy your home. A mortgage is a secured loan with your home as collateral, so the lender will hold the title to the property until the loan is paid in full. You will make payments on the loan each month, including interest, until it is paid off. At that point, you'll hold the title and own your home outright.


When you choose a mortgage, you have four major decisions to make: the lender, loan type, loan term and interest rate type.





Types of Mortgage Loans


There are two major types of mortgage loans: government-backed and conventional. Government-backed mortgage programs offer guarantees to lenders that reduce their risk and can make it easier for borrowers to qualify for a mortgage. Conventional loans do not offer the same guarantees but may have lower interest rates.


Government-Backed Mortgages


FHA loans. The Federal Housing Administration, part of the U.S. ...

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  buying a home, financing, mortgage

Thursday, October 18, 2018   /   by Leon Zhivelev

Julie's Realty Preview: YOTELPAD MIAMI

Yesterday, the Julie's Realty Team made their way over to the YotelPad Sales office to preview their brand new pre-construction bringing their one-of-a-kind brand to Downtown Miami.



YOTELPAD in downtown Miami, this project is perfect for the foreign or local buyer, the new innovative way to condo in Miami.

YotelPAD is the latest residential extension to the YOTEL & YotelAir brand, bringing to the market efficiently designed units to utilize the space in a way to fit everything you need without compromising on luxury.

Sales Executive, Mellisa Pardo, gave an excellent presentation explaining exactly how unique, innovative and cost-effective thee YotelPad project vision and lifestyle will be.

This development is perfect for the international and local US buyer giving them the opportunity to purchase a residential unit with the convenience OF NO RENTAL RESTRICTIONS allowing the buyer to have the freedom to optimize his rental capacity through numerous options.

Perfec ...

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  investment, market update, pre-construction, downtown miami, sales presentation, buying a home, mortgage, yotelpad

Wednesday, October 10, 2018   /   by Leon Zhivelev

The Mortgage Loan Process

Obtaining a mortgage requires several steps, including preapproval, appraisal and underwriting, before you’re ready for closing.




1. Prequalification: Prequalification will give you a quick estimate of how much you can borrow for your mortgage. You’ll share basic financial information, including your income, savings and outstanding debts. There’s usually no fee to get prequalified, and you can apply quickly by phone or online. However, getting prequalified doesn’t guarantee you’ll qualify for the mortgage.


2. Preapproval: Preapproval is much more thorough than prequalification. The lender will review your financial situation, similar to when you officially apply for a mortgage. You may be required to pay an application fee.


Expect to submit complete financial documents, including:



W-2s for the previous two years
Pay stubs
Proof of bonuses
Your most recent federal tax return
Two to three months of bank and investment ...

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  investment, market update, single-family homes, mortgage

Julie's Realty LLC
1700 79th Street Causeway, Suite 160
North Bay Village, FL 33141
305-751-6400

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