Category Archives: Mortgages & Financial Info

As a home buyer, when you finally get to the closing table and receive keys to your new home, a great question to ask is....when is your first mortgage payment due? Unlike a rent payment (paid in advance), your mortgage payment is paid after the fact (paid in arrears). When buying a home and obtaining…

All legal Florida residents are eligible for a homestead exemption in Florida on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify.  The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. The Homestead exemption in Florida may refer to three different types of homestead exemptions under…

Borrowers may consider refinancing for several different reasons, including but not limited to: A Lower Monthly Payment. To decrease the overall payment and interest rate, it may make sense to pay a point or two, but mainly if you plan on living in your home for the next several years. In the long run, the…

If you've been sitting on the sidelines, waiting for the best time to refinance or get a mortgage to buy a home, think of 2013 as your last chance to act. With good credit, persistence and some shopping skills, you can still snag phenomenal deals this year -- even if you are underwater on your…