Buying Florida

Buying Florida

Didier Malagies is the owner of DDA Mortgage and has been a leader in the Tampa Bay Mortgage industry, serving Pinellas, Pasco and Hillsborough counties and beyond with his sights set on educating residential and commercial buyers with regard to Florida purchases. With over 20 years of expertise, Didier has built relationships with realtors, bankers and clients based on integrity and his drive to provide the best customer experience in the state by being there from beginning to end of every purchase. Whether you're looking to move, invest, start a business or expand, Didier will share everything you need to know on his show every week. nmls#212566/DDA nmls#324329

Episodes

February 5, 2020 11 mins

Giving you details on these steps of taking a loan application:


  • Taking the loan application
  • Pulling credit
  • Electronically sending package
  • Uploading your documents
  • Getting home inspection
  • Next part of the series is the loan in processing

  • For more info, to subscribe and watch short videos visit www.ddamortgage.com

    Mark as Played

    Should you lock in your mortgage rate or float it? Covering insurance shopping as well.

     

  • Is it wise to float your rate?
  • What are the risks involved
  • What strategies can you do in the future to improve on your rate
  • Shopping insurance – what do I do and what do I need to know
  • Property taxes – portability? What - homestead

  • Learn more and watch videos at www.ddamortgage.com

    Mark as Played
    January 22, 2020 12 mins

    In this episode of Investor Loans I cover:


  • Low credit scores – 500 mid scores
  • 1 day out of bk or foreclosure
  • Foreign nationals
  • What types of properties
  • Close in an LLC and a trust
  • Unlimited seller contributions
  • No reserves
  • Property flips okay
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    January 15, 2020 25 mins

    This episode covers: 

  • Why would you refinance
  • Will it be a rate term refinance
  • Will it be a cash out refinance
  • How do you consider it when you have a first and second mortgage
  • Does it make sense to refinance a loan when you already have a low rate
  • Should you go back to a 30 year fixed, 15 10 or ?
  • Paying closing costs or not – you here about that
  • Getting a credit at closing
  • Do you have escrows or not
  • Do you have your existing survey and owner...
  • Mark as Played
    January 8, 2020 13 mins

    Covered in this week's episode:


  • Purchasing a home with just a bank statement on a owner occupied
  • Purchasing a home with just a profit and loss on a owner occupied
  • Purchasing an investment property with just rental income
  • No doc loans on investment properties

  • The increase in loan amounts for Florida

  • Fha
  • Conventional
  • Va
  • Fha203k

  • What is the rates going to be like in 2020 – find out my predictions


    Contact me and learn more at https://www.ddam...

    Mark as Played
    December 23, 2019 12 mins
    Does it make sense to close in December or wait until January?

    That's an important question to consider.


    What are the seller paying for property taxes now?

    Does it benefit you to close now or later?

    What not to do with the seller If closing in January.

    Also discussing Portability.


    Get more info at www.ddamortgage.com

    Mark as Played
    December 18, 2019 15 mins
    Covered in this episode:
  • Limited Review - what does that mean and at what loan to value & why go to a limited review
  • Full Doc Review - what is entailed and what do you need to know before spending money
  • What type of financing are on condos and what should you know, re:
  • VA
  • FHA
  • Conventional
  • The cost of a condo form that needs to be completed on a full review - what can you expect
  • Mark as Played
    The changes and updates you should know about in the mortgage industry


    1.Loan amounts have increased in Florida for 510,400

  • What does that mean in terms of higher purchase price
  • With homes prices going up how does that help

  • 2.FHA 203k - increasing the streamline from 35,0000 to 50,000


    3. What is going on with the 3% down programs


    4. Bad credit - what are your options?

    Mark as Played
    November 27, 2019 13 mins

    1. Shopping rates and your bank gives you a rate that is incredible

  • Did they get a CD
  • Did they deliver on what was quoted
  • Were you able to speak to them during the process
  • Did you get what you were told? Did you understand it
  • Time to go to closing, did you make it on time?
  • What lessons to learn from that

  • 2. The vibe! Do you have it

  • have you been referred by someone such as a realtor, banker, coworker, family member
  • now for the  vibe, do yo...
  • Mark as Played
    November 20, 2019 29 mins

    Didier and David discuss:


  • What type of financing
  • Ordering a home inspection
  • Ordering appraisal
  • Ordering title
  • Ordering insurance
  • Ordering survey
  • Ordering pest inspection
  • Doing a walk thru
  • Wiring funds
  • Mark as Played
    November 13, 2019 42 mins
    Not sure what goes into buying property?
    Mark as Played
    November 6, 2019 22 mins
    Todays episode covers these important topics:
  • I Buy and Big Tech Buyers
  • Mortgage Rates and Refinancing
  • Dunedin, Florida area
  • Mark as Played

    This episode welcomes a guest co-host, Florida Realtor, David Zusman and covered in this episode is:


    Buyers Hesitations - Concerns of a Recession

    Flipping a Property

    Is it a Good Time to Purchase a Home

    Recommendations for Buyers When it Comes to Offers

    The Importance of a Pre-Approval Letter

    What's Happening in the Month of October - Inventory

    Mark as Played
    October 23, 2019 18 mins
  • Do you shop online?
  • Do you go with a referral, someone in the community?
  • Is it from a realtor, friend, or someone from your work
  • What are questions to ask when getting rates and costs
  • Are they 9 to 5 and does it matter?
  • Will they attend the closing? Is there any value to that?
  • Is ti a one time deal or a partner for life?

  • Visit www.ddamortgage.com for more info and videos
    Mark as Played
    October 16, 2019 15 mins
    Funds to close on a home:
  • How much down do you need?
  • Fund down for fha, va, conventional and non qm loans
  • Down payment assistance - how does that work
  • Where are the funds coming from
  • The ground - pillow - 
  • Gift from a family member
  • 401k
  • Checking, savings, stocks?
  • Seasoning - what does that mean
  • How can you preplan in order to purchase a home
  • Weird deposits, is that good?
  • Mark as Played
    October 9, 2019 12 mins
  • Downpayment - what is available
  • Down payment assistance
  • Borrower from your 401k
  • Gift of funds from a family
  • Funds have to be paper trailed
  • Seasoning for 2 months
  • Mark as Played
    October 2, 2019 21 mins
  • Graduating high school - what do you do?
  • Bad things happen to good people , what do you do?
  • What causes low credit scores and what can you do?
  • How does the credit score scale work?
  • Does it affect the rate and your monthly PMI if you put less than 20% down?
  • Mark as Played
    September 25, 2019 17 mins
  • When do you order an appraisal?
  • What happens if the value is higher, the same or lower?
  • If it is lower than what can you do?
  • Is there a solution and how does it affect conventional,fha and va?
  • Appraisal waivers and how does that work?
  • Is this something that will continue to expand the appraisal waiver and how does it affect us

  • Get all of these questions answered and MORE!
    Mark as Played
    September 18, 2019 27 mins
  •  What is a non QM loan and how does it differ from a QM Loan
  • Does it apply to owner occupied homes, second homes and investor home?
  • What type of programs are their
  • Why would someone need a non QM loan
  • Is it growing from previous years - 
  • Is it comparable to sub prime was over 10 years ago?
  • Is it a good loan for the consumer?
  • Do you like doing them?
  • What do you see in the future regarding this product
  • Mark as Played
    September 11, 2019 21 mins
  • Rates are coming down
  • Do we just go for savings or do you switch gears and look at reducing the term
  • How can we taylor make our refinance - just a 10-15-30 year?
  • What about the interest rate
  • What about debt consolidation
  • Kids student loans due for payments, addition to the home, consolidate credit card debt
  • What are the benefits putting it all in one loan vs paying everyone else
  • Are you making the right move?
  • Mark as Played

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