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GREAT OPPORTUNITIES FOR FOREIGN NATIONAL INVESTORS
Absolute Florida Mortgage LLC specializes with variety of loan products created to assist foreign investors, especially the fast growing British Investments in the Orlando area and the potential U.K. investors looking for great Real Estate opportunities throughout the state of Florida, particulary around the Orlando Metropolitan, and Disney World neighborhoods.
This page is directed to those of you which have an interest in owning a home in Florida, and to introduce the idea to those who have not considered it yet.
Wev'e created for you the ultimate "one shop stop" ! We will manage the entire process for you and make the complete sale as easy and successful as possible.
You can now own your dream Floridian holiday property and enjoy an overseas property investment. Purchase a beautiful Vacation Villa, Vacation Townhome, or Holiday Condo in Orlando at a low price with just 20%-25% Down-Payment (deposit), Interest Only, Stated or Full Documentation and receive potential financial returns for monthly income properties in Orlando, Central Florida, just minutes from Disney World, Universal Studios & Kennedy Space Center.
An example for a "No head ache" loan product with very limited documentation needed. (wsw100):
No Income. No Asset. No Credit Verification. Basicaly only 1003 application is required for this product...
Purchase 2nd home -O/O - 75% LTV up to $600,000 Purchase 2nd home -O/O - 70% LTV up to $750,000
5% less LTV for investment property.
Refinance 2nd home - 70% LTV, Rate anTerm. Refinance 2nd home - 65% LTV, Cash out up to $125,000 (ask for exemptions...)
* please note that different LTV's will apply for loans for short term rental properties*, usually it is 5% less in loans to value to be approved by the lenders.
A reliable management company of your choice will be responsible for the maintenance and rent of your home.
*Income figures depend on : size of accommodation, location and facilities available .
Whether your home will be for personal use, short term or long term let (rental), We Are Here To Help.
DON'T STAY BEHIND --- COMBINE YOUR HOLIDAY STAY WITH OWNING A BEAUTIFUL PROPERTY FOR LET.
International visitors to Orlando in 2000 was 3.7 million, in the wake of 09-11-2001, this number dropped to 2.4 million in 2002. In 2005 Orlando had 2.8 million, and according to Orlando/Orange County visitors Bureau it will climb up to 2.9 million in 2006, 3.1 million in 2007 and projected 3.3 million in 2008.
" Built for Families. Made for Memories ".
This is Orlando's new slogan...! It is part of new advertising campaign, created to combat intensifying competition from other tourism destinations. Part of a 2 years, $68 million marketing campaign, the message is designed to convince mom that Orlando is the best vacation spot for her family to reconnect.
The campaign, the first of its kind for Orlando, is the product of a multi-million-dollar windfall in new tourist-tax money expected during the next 2 years. A sixth penny added to the tourist development tax earlier this year will more than triple the marketing budget of the Orlando/Orange County Convention & Visitors Bureau, from $20 million to $68 million over 2 years.
The idea is to make the same impact nationally that Las Vegas made with its "What happens in Vegas, stays in Vegas" campaign. Las Vegas spent $85 million on marketing this year alone and plans to spend about the same next year.
Total visitors reached 49.8 million in 2006, and is expected to rise to 51.3 million in 2007. The campaign will be launch in London, Manchester and Glasgow in the next 6 months.
A big part of my own Real Estate & Mortgage business in Central Florida is based on UK investors, so naturally it is a good sign that we are doing whatever needs to be done in order to have the numbers rise again, A lot of the UK tourists are investing and buying 2nd homes in Orlando, Kissimmee, Davenport and other neighborhoods around Disney World, and they are also major UK investments in South West Florida.
You are welcome to email me and ask any questions at:
Eli@AbsoluteFloridaMortgage.com .
Our sister site OrlandoHolidayCondos.com may provide more information for future investors.
For actual rental opportunities of beatiful condo in Orlando (as a first step before purchasing yourself...), please visit www.NextDoorToMickey.com and/or www.TheBigCondoList.com
Eli Magen,
Licensed Mortgage Broker
State of Florida
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