Why is important to use a local lender for Miami Beach Real Estate
By Jamey Prezzi Miami & Miami Beach Luxury Condos & Homes, Miami Beach & Miami Luxury Homes and Condos
(ONE Sotheby's International Realty )
Using a local lender for Miami Beach real estate, especially when it comes to condominium purchases is important. Every time we start speaking with a new buyer who needs financing to purchase Miami Beach real estate, we often notice the fears, nervousness and lot of misunderstanding in regards to lending. There are a lot of misconceptions about lending and people tend to do what they feel most comfortable with and sometimes this is not always the best decision.When I say “local lender” I don’t mean they have to physically “be” in Miami, rather one who knows our market and is successful in completing transactions in our city.When I say, “most comfortable with”, often I am referring listening to friends and family who got this rate or that rate and then focusing purely on the “rate”. Or e...