A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990. Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax. That is to say, when you sell your office for 0,000 more than you bought it for, you … Read more
While most people think of property investment only in terms of purchasing properties the fact is that it can also involve selling developed properties in order to continue to make a profit. In today’s market, that can be a challenge. Property values have declined sharply in many areas and the number of purchasers has declined. … Read more
Beginning sometime in early 2006, the home loan industry has experienced some of the most rapid changes since the 1930’s when the Great Depressions occurred. The most noticeable area that hurts potential borrowers the most is the requirements by underwriting have become much stricter and the down payments necessary are significantly higher. The underwriting matter … Read more
FHA Mortgages Loans down to a 530 FICO Purchasing a new Florida home is exciting. Finding the right Florida home for you and your family requires a great deal of work and decision making. And, finding just the right FHA mortgage is just as important as finding the right home. Many Florida first time homebuyers … Read more
It’s not very often that a borrower takes into heavy consideration what his loan to value is when shopping for a loan. In fact, if the subject is brought up by the customer, it’s mostly in relation to avoiding paying monthly mortgage insurance. But sometimes, a loan to value can affect even more aspects of … Read more