Conventional, VA, FHA loan, what type of loan is the most suitable to you ?

By | Buyers-advices, General

A conventional loan is a mortgage that is not backed or insured by the government, including all Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs. Conventional loans typically have fixed interest rates and terms. Conventional mortgages are ideal for borrowers with good or excellent credit. They are quicker and require… Continued

September 22, 2018

Homestead exemption and Portability : how does that work?

By | General

If you are permanent Florida resident and want to transform a property into your homestead residence, don’t forget to apply for : Homestead exemption by March 1st, (form DR 501) If you qualify for the homestead exemption, you can reduce the assessed value of your homestead up to $50 000. There are also additional exemptions,… Continued

September 5, 2018

What are CDD fees ?

By | Buyers-advices

This is the most common question I hear from people looking to buy a home here in Florida and moving from a different state. A CDD is a Community Development District. The purpose of this law, created in 1980, is to promote housing development, through use of tax-free bonds that developers use to lower the… Continued

August 11, 2018

Buyers : do an home inspection before buying

By | Buyers-advices

When you buy a property, it is a good idea to do an home inspection, even if it’s not an obligation. The standard home inspection’s report covers the condition of the home’s heating and central air conditioning system, interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors;… Continued

July 31, 2018

Is your flood zone going to change ?

By | General

The Federal Emergency Management Agency (FEMA) is actually working on a preliminary flood hazard maps for St Johns County that will replace the actual Flood Hazard Map. The new map should become effective any time between the 1st of August 2018 and the 1st of December 2018. The release of a preliminary Flood Hazard may induce… Continued

July 26, 2018

Do an home inspection before buying a house

By | General

When you buy a property, do a home inspection, even if it’s not an obligation. The home inspection, performed by a licensed home inspector, will reveal if there is any structural or mechanical issue to the house you’re intend to buy. It will give detailed information as to the physical condition of the property, including… Continued

June 12, 2018