Getting the best Financing

Finding the right home for you is your primary goal, but enjoying it with a lower payment and better mortgage terms is a very important secondary goal. I’ve researched and worked with many mortgage brokers and lenders in the Miami real estate markets, and I’ll help you to contact those that are the best fit for you and your financial picture.

The normal mortgage for working families – Just because there’s nothing special about your income stream, and you’re getting a paycheck every week, that doesn’t mean that there won’t be differences in mortgages and lenders for your needs. Every mortgage broker and most lenders tend to work within their own requirements and procedures, and these may or may not be the friendliest terms for a salaried or hourly wage earner. I know which are going to treat you right and give you the best terms, and I’ll guide you to them.

The self–employed borrower – Since the mortgage and housing crisis that began in 2007, it’s become a grueling process for a business owner or self–employed person to get a mortgage. Documentation of income and expenses is much more detailed, and I'm up–to–date on all of it. I’ll steer you toward multiple sources for great mortgages for the self–employed.

Less than stellar credit – All types of lenders have become tougher in our new financial environment, and it’s easy to get a ding or two on your credit these days. It doesn’t even take a mistake or late payment, as credit scores are reduced for the amount and ratio of debt, as well as types of debt. Millions of people pay their bills on time and still don’t have those high end credit scores. I know the lenders in the Miami, South Miami, Kendall, Pinecrest, Cutler Bay, and Palmetto Bay real estate markets ready to provide good mortgages for less than high end credit scores, and I’ll tell you who they are.

ARMs and When They're Appropriate  Though most residential home buyers are buying a home they intend to occupy for a number of years, on average around the country at least eight, this isn't always the case. Also, investors may be looking at a shorter ownership time frame. ARMs, Adjustable Rate Mortgages, are appropriate if the plan is to own a home seven or fewer years, particularly five or fewer. Because the lender is tying up their money for a shorter defined time period, they loan at lower interest rates. ARMs can result in hundreds of dollars a month in lower payments in some cases. They can also allow a buyer to qualify for a larger home. However, this isn't generally a great practice, as once the ARMs fixed rate interest period is over, rates can escalate more than expected.

Financial Disclosure and Deal-To-Closing Considerations – Especially after the mortgage and housing problems that began in 2007, lenders and their underwriters are scrutinizing financial, income and expense information much more closely than ever before. Be prepared to dig out a lot of documentation, and it’s best to be forthcoming with any financial information that impacts your ability to pay the mortgage payment. Even if it’s not asked for early in the process, be prepared for questions and requests for documents throughout the process. Also, it’s highly recommended that you not add any credit card or other debt between the purchase contract and the closing. Just before closing, most lenders will do another credit check and a check for any liens or encumbrances.

Watch the Fees and Question Them  There are a number of fees associated with getting a mortgage, and the total of origination and other fees is usually the highest closing cost aggregate item in the deal. Never hesitate to ask about all fees, why they’re charged and why they’re a certain amount and how they’re calculated. It’s your money, and you’re the customer.

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Success Stories
  • From beginning to end, Maggie has been with me throughout the whole process. She is extremely knowledgeable, esp. regarding new trends and changes in real estate market. Its crazy times right now and Maggie was there through it all. She even came to closing with me and pointed out several questionable areas in the paperwork and explained documents which she wasn’t required to do. Thank you Maggie Mae!!!

    Paula N.
  • Maggie is one of a kind: she's extremely knowledgeable, highly professional, super patient, completely reliable and she has a heart of gold. She worked with us for nearly a year, and she made the whole experience a positive one. I wouldn't use anyone else if I were to buy or sell again; she truly is our real estate agent for life.,Maggie is one of a kind: she's extremely knowledgeable, highly professional, super patient, completely reliable and she has a heart of gold. She worked with us for nearly a year, and she made the whole experience a positive one. I wouldn't use anyone else if I were to buy or sell again; she truly is our real estate agent for life.

    Linda B.,Linda B.
  • I met Maggie over 3 years ago , and I can confirm that she's an excellent Realtor and with no doubt one of the best out there ,she's very professional and experience; She helped me from renting out my house and finding tenants to actually achieve to buy another house, she will search and contact you on a daily basics and use and contact all her resources to help you get what you want or what you are looking for.,I met Maggie over 3 years ago , and I can confirm that she's an excellent Realtor and with no doubt one of the best out there ,she's very professional and experience; She helped me from renting out my house and finding tenants to actually achieve to buy another house, she will search and contact you on a daily basics and use and contact all her resources to help you get what you want or what you are looking for.

    Luis R.,Luis R.
  • Maggie Dokic is a fabulous agent and if you are buying a home, this is the woman to speak with! Not only is she ALWAYS on time (which for her is 10 minutes early) but she also is constantly in your corner and putting 100% into finding you your dream home. She is a great communicator and always responds to emails and phone calls immediately. Also, she will listen to what exactly it is that you are looking for and will work tirelessly to help you get it. Not only has she helped us buy and sell our last place, but she has worked with several of our family members as well, each one having the same great experience. We had very specific criteria that she helped us find along with the fact that we needed a place to accommodate our two 90 lb dogs. She was able to find places that fit our needs perfectly! If you want to buy or sell a house, contact Maggie! In South Florida where it seems like housing is an impersonal mess of real estate hassles- this agent is supportive, knowledgeable and friendly!,Maggie Dokic is a fabulous agent and if you are buying a home, this is the woman to speak with! Not only is she ALWAYS on time (which for her is 10 minutes early) but she also is constantly in your corner and putting 100% into finding you your dream home. She is a great communicator and always responds to emails and phone calls immediately. Also, she will listen to what exactly it is that you are looking for and will work tirelessly to help you get it. Not only has she helped us buy and sell our last place, but she has worked with several of our family members as well, each one having the same great experience. We had very specific criteria that she helped us find along with the fact that we needed a place to accommodate our two 90 lb dogs. She was able to find places that fit our needs perfectly! If you want to buy or sell a house, contact Maggie! In South Florida where it seems like housing is an impersonal mess of real estate hassles- this agent is supportive, knowledgeable and friendly!

    Robert and Erin C.,Robert and Erin C.
  • I sincerely appreciate everything Maggie did to help us during the purchase of our home. Without any reservations I would recommend her to anyone needing a Realtor. Maggie has a wonderful way with her customers and a fine quality about her.,Maggie, thank you so much for your help last week. I was going crazy with my husband out of town and a decision to make. Your helpful advice and experience were greatly appreciated. I dont know what I would have done without your help. You're my realtor for life. ,I sincerely appreciate everything Maggie did to help us during the purchase of our home. Without any reservations I would recommend her to anyone needing a Realtor. Maggie has a wonderful way with her customers and a fine quality about her.,Maggie, thank you so much for your help last week. I was going crazy with my husband out of town and a decision to make. Your helpful advice and experience were greatly appreciated. I dont know what I would have done without your help. You're my realtor for life.

    Yoan A.,Greta Y.,Yoan A.,Greta Y.
  • To the best Realtor, Maggie Dokic. Please dont mind this dirty envelope. It is my honest proof and good intentions of sending this long ago (the original envelope). I know you dont even believe what you are seeing. After one year and almost three months this crazy lady is sending a thank you. Maggie, there is no excuse that I can give for this late thank you because you did not deserve for this to be late at all. I dont believe that I could have gotten a better Realtor. With much thanks do I thank you for such a wonderful, QUICK and PROFITABLE sale of my home!!! Thank you so very much!!!

    Vanessa S.
Contact Info
Agent
Maggie Dokic

Managing Broker

Special Miami Homes

13301 SW 132 Avenue, #113
Miami  Florida 33186

305-814-6873 305-814-6873 maggie@specialmiamihomes.com

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© 2017 Miami REALTORS®®. All rights reserved.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Apr 24, 2017.

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