Monthly Archive: July 2017

Jul 29 2017

Should You Save for Retirement or Buy a House? Ask Yourself These 3 Questions

Buying a house is a large financial commitment and often the smartest one you can make. But you need to determine whether it’s the right commitment at the right time. Because this is the big picture: Shouldering mortgage payments for the greater part of your life will likely affect how much money you’re able to stash away for retirement. So in …

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Jul 26 2017

25 tips for first-time home buyers

  Buying a home can be a nerve-racking experience, especially if you’re a first-time home buyer. Not only is it probably the biggest purchase of your life, but the process is complicated and fraught with unfamiliar lingo and surprise expenses. To make the first-time home buying journey a little less stressful, NerdWallet has compiled these 25 tips …

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Jul 22 2017

Next buyers’ market? Two or three years, say some experts

  Just last month, a 32-year-old meteorologist was excited by his promotion to a better-paying position with the National Weather Service. At long last, he figured, he could afford to buy a modest single-family house in a middle-income suburb near his office. But so far, his housing search has proved fruitless. Though his earnings have …

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Jul 19 2017

How to claim Florida as your state of residence to save on taxes

    Question: I live in New York. If I buy a second home in Florida, can I count Florida as my residence for state tax purposes?   Answer: Maybe, and claiming the Sunshine State as your permanent residence could save you a lot of money. Florida has no state income tax, whereas New York has a top …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/claim-florida-state-residence-save-taxes/

Jul 17 2017

Move-up buyers? The bridge loan is back

  The bridge loan is back. While the details of a bridge loan vary by lender, they allow a homeowner to buy a new home before selling their current home. Under a new version announced by Third Federal, for example, an owner’s existing home payment is eliminated during the process. “The new mortgage product, a …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/move-buyers-bridge-loan-back/