When November arrives, it also that means your annual property tax bill should be available. Here is a short video from company President Nate Davis that you may find helpful.
Waiving Escrow For A Mortgage
When you buy or refinance a home with a mortgage, most lenders will encourage you to escrow your tax bill and insurance premium with the mortgage payment. What’s important to know is that some escrow accounts are not required, while others are. Continue reading Waiving Escrow For A Mortgage
Free Appraisal For Conventional Loans in 2018
From now through the end of 2018, Florida Mortgage Firm can provide a free appraisal on a conventional mortgage loan. Check out this video for more information, and call us with any questions (813-707-6200).
Work History Required For A Mortgage
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Do You Really Want To Buy A Fixer Upper?
TV shows about remodeling homes and flipping houses have given the public some false ideas about real estate.
Let me start by saying that I own rentals, invest in real estate, and have flipped homes, so I’m not against these strategies. I simply want to explain how they vary for each person. Continue reading Do You Really Want To Buy A Fixer Upper?
The Value Axis for Real Estate
In the real estate business, it’s common to hear buyers contemplate about the best time to buy.
“Now is a great time to buy since prices are low.” Continue reading The Value Axis for Real Estate
The Whole Process Was Amazing
“Stephanie Grassi and everyone we had the pleasure of dealing with at Florida Mortgage were amazing. I have heard so many horror stories about loan processing for a home, so I did my research before choosing Florida Mortgage, and it was the best decision I ever made. They made the whole process amazing! I will never buy another home without using you for my loan. Thank you again for everything!”
— Cassandra Kemp, April 6, 2018
USDA Ineligible Areas
Before Buying A Second Home, Ask These Questions
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 me to these financial questions you need to be able to answer if you’re considering buying a second home. Continue reading Before Buying A Second Home, Ask These Questions
Self-Employed, Business Mileage and Mortgages
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 option to deduct expenses based on actual business miles driven. This lowers tax liabilities by decreasing stated profit, which can affect the loan amount for which a person can get approved. Continue reading Self-Employed, Business Mileage and Mortgages