951 Sweetwater Ln, Boca Raton, FL

Obtaining financing while owning a home can be tricky

Obtaining financing while owning a home can be tricky; however, there are some options to consider before simply letting home buyers walk. Buyers have several options when balancing the sale and purchase of a home and understanding those options might help you seal the deal.

Open a Home Equity Line

Tapping the equity in a currently owned home can be a fast and inexpensive way to gather the funds needed for a new purchase.

HELOC benefits can include:

• Interest only payments for the amount borrowed.
• Competitive HELOC rates with good credit.
• Nominal fee (sometimes free) to open the line.
• Typically no penalty for closing a line early when the property is sold.

Buyers will need to qualify for a new mortgage with the total debt of the existing mortgages and proposed mortgage payment.

Borrowing from a 401K

Borrowing a down payment from a 401k can be a great way to obtain financing; however, while it’s acceptable to make mention of a 401k loan, its best to suggest speaking with a financial expert and HR representative about the advantages and disadvantages of self-financed down payments.

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Apply for a Bridge Loan

Bridge loans bridge the gap between the current home and the purchase of a new home. The loan allows home buyers to tap equity for use as a down payment.

Some bridge loan facts:

• The cost for a bridge financing is more expensive than a line of credit.
• Applicants must qualify for both mortgages.
• Payments may not be required for several months; however, interest will continue to accrue.

Lending guidelines will vary from lender to lender and it’s best to point our clients in the direction of a knowledgeable mortgage professional who can determine the most appropriate financial option.

Give us a call 561 288 0907 

5008 Alencia Court, Delray Beach, FL JUST SOLD

5008 Alencia Court Delray Beach, FL 33484 Just sold

UPDATED OPEN FLOOR PLAN 3 BED/2.5 BATH PATIO HOME

Overview Maps Photos Market Stats

$367,000 Single Family Home Main Features 3 Bedrooms 2 Full Bathrooms 1 Half Bathroom 1 Unit Interior: 2,063 sqft Lot: 5,763 sqft Year Built: 1992 MLS #: RX-10259548 Location 5008 Alencia Court Delray Beach, FL 33484 USA

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Sergio Lucena PA RE/MAX Advantage Plus (561) 2880907 [email protected] http://www.findhomesinbocaraton.com/         Listed by: REMAX Adavntage Plus

Nearby properties for sale

9619 Crescent View Drive N Boynton Beach, FL 33437 Come and visit this home! SLIDESHOW VIEW A VIRTUAL TOUR SPECIAL FEATURES Price: $265,000 MLS Number: RX-10334199 Bedrooms: 3 Bathrooms: 2 Approx. Sq. Ft.: 1480 DESCRIPTION Immaculate 3/2 Villa located in Palm Isles West, a popular private community. Double driveway, 2 car garage, hurricane shutters, and laundry room between kitchen and garage. Screened in patio. All this located in the Community of Palm Isles with it's fabulous Clubhouse. Over 50,000 sq. ft. of amenities including Indoor and Outdoor Pools, 600 Seat Theatre of Performing Arts, Men's and Women's Spa Facilities including Exercise, 8 Har-Tru Tennis Courts, Lots of Card Rooms, Billiards and more. SELLER CONTACT INFORMATION Sergio Lucena PA BK3161137 Agency: RE/MAX Advantage Plus ADDITIONAL PROPERTY IMAGES

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*Contact the new home experts at WIENER LUCENA REALTY GROUP for help buying a new- or pre-construction home, condo or townhome in  Palm Beach County.

6 Locations to best serve you:

601 S. Federal Hwy #100, Boca Raton, FL 33432 / 6901 SW 18th St, STE 101 Boca Raton, FL 33433

3013 Yamato Rd., Ste B14 Boca Raton, FL 33433 / 900 E. Atlantic Ave, Ste 10 Delray Beach, FL 33483

7410 Boynton Beach blvd, Ste A1 Boynton Beach, FL 33437 / 6612 Parkside Dr. Parkland, FL 33067

                                       CALL US 561 288 0907 

9619 Crescent View Drive N Boynton Beach, FL 33437

Property Site: http://tour.circlepix.com/home/6VPWB6/9619-Crescent-View-Drive-N-Boynton-Beach-FL-RX-10334199

Immaculate 3 bed/2 bath located in Palm Isles West a great private community. Double driveway, hurricane shutters, two car garage and laundry room between kitchen and garage. Screened in patio. All this located in the Community of Palm Isles with it's fabulous Clubhouse. Over 50,000 sq. ft. of amenities including Indoor and Outdoor Pools, 600 Seat Theatre of Performing Arts, Mens and Womens Spa Facilities including Exercise, 8 Har-Tru Tennis Courts, Lots of Card Rooms, Billiards.

Bedrooms: 3

Bathrooms: 2

Square feet: 1,480

Price: $265,000

For more information about this property, please contact Sergio Lucena PA at 561-288-0907 or info@sergiolucena.com. You can also text 4337037 to 67299.

See more listings at: http://www.wienerlucena.com/

MLS ID: RX-10334199

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