There are a lot of things to consider when buying a second home. For instance, will you use the home exclusively, or will you rent it out for tourist season? Did you know income-tax rules are different for second homes and rental income? Did you know some homeowners’ associations have rules prohibiting rentals? This leads […]
When tax time comes around, we get a ton of self-employed tax questions regarding how different scenarios impact getting approved for a loan. We wanted to summarize how the deduction for mileage is viewed through the eyes of lending. Please consult a tax professional with tax preparation questions. Automobiles used for business purposes have an […]
Welcome to Florida! It’s much warmer here than Michigan 🙂
We scoured the Internet and posted 5 of our favorite DIY Christmas craft ideas, as well as a link to the tutorials for how to make them.
In the past 2 weeks, we’ve seen maximum loan limits for FHA, Fannie Mae and Freddie Mac loans increase! As anticipated, the maximum VA loan limit was just increased to $453,100 for almost every county in Florida. This makes it easier for you to get a second VA loan — call us for the details. […]
Here’s a good sign for home prices. The Federal Housing Finance Agency announced Nov. 28, 2017 that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2018 will be $453,100, an increase from $424,100 in 2017.
Just because someone has a bankruptcy doesn’t mean he or she will never again qualify for a mortgage. Consider the adage, “There is life after a bankruptcy.” While several types of bankruptcies exist, two of the more common ones are Chapter 7 and Chapter 13. Not only does each have its own ramifications for being […]
Getting the keys to your first home is an extra-special treat. Happy Halloween!