The next step is hunting down the best mortgage for that Miami home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Miami lenders that will compete to provide a loan at the lowest rate, matching you with nearly 145 Miami mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Miami mortgage payment was $ which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Miami home.

Miami is a major city in Florida with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Sunset Mortgage Company Lp, Ark- La- Tex Financial Services llc, Ctx Mortgage Company llc, Pinnacle Financial Corporation.Union Planters Bank Na.Family First Mortgage Corp.Epix Funding Group, Inc.Countrywide Home Loans Inc.Stockton Turner llc.Wells Fargo Bank Na.

Miami Mortgage & Real Estate Market

In 2006 Miami housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Miami was $. This number is big in comparison to the median home value back in 2000 of $120,100. Miami has a solid home ownership base with houses and apartments and % of those are occupied by their owners. Despite the current market, historically Miami has been a city where people move, buy and stay - with 50% of homeowners currently paying off a mortgage. About 14% of the city's current homeowners are carrying a second mortgage or home equity loan.

CF Bancorp
55268 Van Dyke Ave Shelby Township, MI	Phone: 248-522-3297 Ask for: Ross David
Special Mortgage Programs
Please call David Ross at (248) 522-3297 or go to www.davidrossmortgage.com for expert advice. I have over 10 years of mortgage experience and can offer outstanding loan products such as FHA, Conventional Mortgages, Construction Loans, Home Equity Lines and Reverse Mortgages. I give 100% attention and effort to every person who inquires.
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Housing	Miami, FL	United States
Home Appreciation	22.80%	9.80%
Homes Owned	31.53%	64.07%
Median Home Cost	$432,000	$217,200
Homes Rented	58.88%	21.45%

Location	Population	Median Family Income (2005)
Cape Coral	102,286	$43,410
Clearwater	108,787	$36,494
Coral Springs	117,549	$58,459
Fort Lauderdale	152,397	$37,887
Gainesville	95,447	$28,164
Hialeah	226,419	$29,492

Category	Value
Home Equity Loan Only	5%
First Mortgage Only	50%
Homes With No Mortgage	36%
2nd Mortgage or Home Equity	14%
Second Mortgage Only	8%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
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