FHA Mortgages

FHA Mortgages

            The FHA Mortgage (Federal Housing Authority) is the traditional first-time buyers’ program. The federal government simply insures for the bank the mortgage against default. Loans are approved and issued by the bank. Forget the Shutdown – FHA loans are still closing. It is offered by virtually every bank –… [Read More]

Florida Homestead Exemption

Homestead Exemption,

            Don’t Forget to Homestead! If You Closed in 2018, Don’t Forget to File for a Homestead Exemption, Now.   Florida law provides for lower property tax assessments on homestead property. Every Florida homeowner can receive a homestead exemption from the County Appraiser’s value. The first $25,000 in property value is exempt… [Read More]

VA Mortgages – Keys Facts

VA Mortgage – Keys Facts

              VA (Veterans Administration) mortgages are perhaps the best mortgage programs around. They offer $0 down, no mortgage insurance, and one can qualify with a credit score down to 500. Sadly, a majority of veterans and their families are either unaware of how easy it is to qualify, or… [Read More]

Mortgages for Self Employed

Mortgages for Self Employed

Getting a mortgage while self-employed is not hard, provided you plan for it. The credit requirements, the property reviews, and everything is the same as a regular w-2 wage earner. What makes it different is how one reports income; namely, is it declared on tax returns? And equally important is how well your loan officer… [Read More]