Select Vendor of the Week

The Harris Peppe Team is pleased to announce this week's Select Vendor is Kelly Rebimbas of Sunbelt Lending Services. Kelly has been a loan officer for over 20 years. Her professionalism and attention to detail is beyond reproach! She states, "Although there are mixed feelings about the economy today, we have seen our business grow tremendously over the past few years. It is my opinion that now is a great time to buy with low housing prices and interest rates in the 5% range. We are still providing many new mortgages for our clients, as long as credit scores are fairly good I will try my best to make it work!" Kelly also says she attributes much of her success to the support of wonderful real estate agents. Chip & I feel exactly the same way...Kelly goes the extra mile to find exactly the right program for all our buyers that need financing. We consider the vendors with whom we refer business as partners in each transaction, and with Kelly we can always count on a positive result! Our customers cannot say enough good things about her either. She's organized, returns phone calls promptly, and manages to make each client feel like they are her most important client! Her motto is, "Give more than is expected"~and that pretty much up her work ethic! To call Kelly directly please phone 239.273.5239 or you can apply online at Sunbelt Lending.

Thank you, and make it a great day,

The Naples Real Estate Blogger

Foreign National Loans

We have had a lot of inquiries from foreigners regarding financing options, so I thought it would make a good blog topic today. Depending on the borrower; if they have the equity on their primary home (in Canada, South America, Europe, etc.) many may choose to get the monies out of that residence then pay cash for their U.S. purchase. However, if they are seeking "local" financing the following is a recap provided to me by our in-house lender, Sunbelt Lending Services:

• Down payments starting at 25%
• Loan amounts from $50,000 to $2 million
• No American credit necessary
• Full Income documentation AND Stated Income documentation programs available
• Fixed and adjustable rate programs available
• Interest only payments available as well

Other pertinent information which I believe to be helpful:

• Most loans have a pre-payment penalty~usually 3 years
• Loan Limits and Loan to Value limits based on: Property type, Program type, Purchase versus refinance and Loan amount
• All borrowers must supply proper identification: Visa, passport & drivers license
• Most loans require 6 months of reserves deposited into a U.S. bank account prior to closing and authorization for withdrawal

*Obviously all programs are subject to change without prior notice. This is being provided for informational purposes only. For additional information please contact Kelly Rebimbas at 239-273-5239 (direct).

With the strength of our foreign buyer's dollar and the wonderful selection of properties in Naples currently on the market, there has NEVER been a better time to buy real estate than NOW! Log onto our website today to view our fabulous listings http://www.naplesrealestate.com/