Tag Archives: Doral Bank

Doral Bank, a Puerto Rico-based bank with a presence in Florida, recently reaffirmed its commitment to real estate by announcing a partnership with San Juan Board of Realtors. During the oath ceremony of the Association’s new board, Doral Mortgage addressed the Board of Realtors and confirmed its support of the continued education program. Jesus D. Mendez, the operations EVP at Doral Bank Puerto Rico, took the oath of the new San Juan Board of Realtors president Eduardo Santos Alvarado at the event.

Alvarado acknowledged Doral’s support, and stated “It’s important to work together to achieve the goals we all have in the mortgage market. Our present is challenging, therefore, it’s important to know the existing opportunities to provide successful solutions to consumers in a responsible manner and that’s what we are looking for with our partnership with Doral.”

Doral bank also issued a statement, explaining that it “is essential to establish such partnerships in times of economic change, emphasizing that Doral has always distinguished itself by extending services of opportunities and alternatives for citizens in programs aimed at the acquisition of homes. With programs such as HARP (Home Affordable Program Refinance) and FHA Streamline, they have followed families to refinance their mortgage at a lower interest rate even at a time when the value of the property has been affected, allowing a significant financial relief for these families.”

Real Estate is Booming in The Villages
Real Estate is Booming in The Villages

In a recent overview of the surging housing market in the US, a community in Florida was among the five leading real estate markets considered experiencing “hot streaks.” The communities included Daphne, Alabama; Colorado Springs, Colorado; Raleigh, North Carolina; Myrtle, South Carolina; and The Villages in central Florida.

The Villages is the only community in the list with a master plan for its development. Located in the heart of central Florida, The Villages is probably the least well-known of the communities on the list. But don’t let obscurity fool you. Real estate is booming in The Villages. During 2013 there were almost 4,100 new homes sold, a huge increase of 52 percent over the year before. In addition, home sales in The Villages accounted for 45 percent of all the lots sold in all of the central Florida market during 2013.

If you are at all considering a home purchase in the central Florida region it would be wise to investigate The Villages. For mortgages in Florida, Doral Bank would also be a good place to begin looking for a good deal. Doral offers good mortgage terms and is also a full-serve bank that has a full line of customer services. Doral has 6 branches throughout Florida, in Panama City, Pensacola and Tallahassee, making it a convenient choice for consumers.

floridaWhen it comes to making a decision about where to live, the three main considerations are often: housing, education and employment.  In this article, we look at how Florida fares on these issues.

According to data collected by Florida Realtors 2012, in September of this year sales of homes I the state remained on a “year-over-year growth streak.” Indeed, the figures are actually even better than what they were for the same time period last year.    Over 18,000 single homes were sold throughout the state in September 2013 and there was an increase in the median home price to $170,000, which is 17 percent higher than last year.  so that’s good news for Florida housing.

Moving on to education in the region the Bay Education Foundation of Bay County, FL recently recognized Doral Bank for the company’s “financial and volunteer support to assist Bay County middle school and high school students to be in a position to pursue a college education.”   Doral Bank has been beneficial for the education of the state.  In a recent ceremony, Bay Education Foundation’s executive director said, “Doral Bank changes lives. Doral's financial support of our scholarship program and the volunteer hours that bank employees contribute assist us in helping many students.”  In addition, the bank recently gave a $7,500 donation to the Foundation's ‘Take Stock in Children’ program, that awards college tuition scholarships to promising students from low-income households.

When it comes to the current situation of employment in the region, of course, this is impacted by housing and education and vice versa. The three aspects act interdependently of each other.

According to the ADP Regional Employment Report employment numbers in the state of Florida for October 2013were high.  8,580 private sector jobs (in the fields of construction, transportation, construction and utilities) alone were added during this time frame. As well, together with California, Texas, Ohio and New York, Florida posted the largest job gains during the month, nationwide.  This figure is an increase of .13 percent.

So in general, statistics and reports have shown that the state of Florida is boasting a relatively high quality of life if being measured by housing, education and employment.

 

Mortgages can be financially draining and intimidating for people.  But having a mortgage is the way to get ahead on the property ladder.  Doral Bank offers various mortgage options to make things easier.  With its focused, expert team, Doral Mortgage ensures the mortgage rate is upheld up to 30 days following approval.  That is a guarantee Doral offers.

 

Doral Mortgage prides itself on its personalized and expert customer service; professional supervision of bankruptcy, executions and loss mitigation; accessible payment center.  In addition, knowledge is power.  Thus Doral Bank is committed to giving its clients the know-how to keep their home.

 

Indeed, to date, Doral Bank has helped more than 30,000 families keep their home.  Its Loss Mitigation Program has tools that have helped such people who are behind on their payment due to loss of earnings, etc.  Doral Bank gives advice on: payment plans, modifications, short sales, and deed-in-lieu as alternative ways of helping its clients.