Month: May 2022

Florida Tax Relief – New Tax Breaks For FamiliesFlorida Tax Relief – New Tax Breaks For Families

The state of Florida just announced a massive tax relief package for residents,a deal that will save Floridians a record $1.1 billion in taxes. The bill includes major first-time initiatives such as a gas tax cut in October that will save drivers $200 million and a “Tool Time” sales tax holiday worth $12.4 million. The tax bill will also give Floridians a month-long,25-cent gas tax holiday,which will lower their gas costs.

Learn More About Reducing Your Tax

The state of Florida’s governor has rolled out a large tax relief package in Ocala,saving Floridians $1.1 billion in taxes this year. The tax break is especially beneficial for families with children. For example,one-year exemptions for diapers and infant clothing will begin on July 1,making them tax-free for the entire year. This means families can buy reusable diapers and inserts without worrying about paying the tax on them.

Arizona Tax Debt Relief

Governor Ron DeSantis has pushed for a gas tax holiday that lasts five months. But the Republican-led Legislature has only approved the first month of relief,and Democrats are already criticizing Republicans for timing the relief so closely before the midterm elections in 2022. Democrats argue that Floridians deserve relief sooner. Meanwhile,the state is offering another tax break for people who are skilled in skilled trades. “Tool Time” is scheduled for September 3,which coincides with Labor Day.

Tax Relief Assistance in Miami

There are various kinds of tax credits available in Florida. Many of these incentives promote economic development and job creation. To learn more about specific tax credits,refer to the table below. By selecting the “X” in the table,you’ll be directed to a page that contains detailed information about each incentive. There are drop-down arrows on the headers for each category. This way,you’ll be able to select the one that’s right for you.-

Mortgage Companies Fight for BusinessMortgage Companies Fight for Business

The mortgage industry is a highly competitive one,so it is considered wise to shop around for the best deal and let the mortgage companies fight for your business.

The mortgage industry exceeds far beyond that of the banks you see on every street corner as you head into town. Besides the banks there are the wholesale and retail lenders. Most wholesale lenders encourage the help of mortgage brokers to bring them potential borrowers.  Go here!

Most mortgage brokers on average deal with more than two hundred wholesale lenders alone. These wholesale lenders are a very diverse group,and their programs and specialties vary from lender to lender.
So if you are considering purchasing a home or refinancing your existing mortgage,don’t be afraid to shop around for the best deal. Mortgage Broker!

When shopping around for a mortgage product,don’t feel the need to keep this a secret. By letting a loan officer know your intentions,you will most likely send them the message that you don’t have time for games and that it will be in their best interest to make you their best possible offer.

With the rise of interest rates and less refinancing,the lenders are focusing more on home purchases but the inventory is low so home buyers are fighting for getting their contracts accepted while mortgage lenders are fighting for your business.

30 Year vs. 15 Year Mortgage30 Year vs. 15 Year Mortgage

Discussions of mortgages often focus on interest rates,but there is a much more basic decision to make. Should you go with a 30 year mortgage term or a 15 year mortgage term?

30 Year vs. 15 Year Mortgages

Any discussion of mortgages tends to turn on two points. How can you qualify for the most money with the lowest payment? How can you get the lowest interest rate for the mortgage? While these are two important issues,there is an addition one that people fail to consider,resulting in significant wasted money. Go here!

The term of a mortgage is extremely critical for a couple of reason. First,it sets the length of the obligation you are undertaking. Second,it defines the amount of interest you are going to pay over the life of the loan. These are huge issues when it comes to building equity. 

The longer the loan,the more total interest you are going to pay. The trade off,of course,is you are going to have smaller monthly payments the farther you stretch out the obligation. While this may sound like a good goal when you first get the mortgage,it can backfire on you in the long run. 

Most people focus on interest rates as a way to save money on mortgages. This is a valid approach,but playing with the length of the loan is a better way to save money. If you can cut the payments in half by going with a shorter loan,you can save huge amounts on the total interest repaid to a lender. FHA Loan Florida!

The decision on the term of the loan is relatively simple,but entirely dependent upon your personal situation. There is no absolutely correct choice. First,you need to determine if you can comfortably afford the higher payments that come with a shorter term loan. In general,a 15 year mortgage will have payments 20 to 25 percent higher than a 30 year loan. Of course,you will pay the loan off faster,to wit,be building equity in the home quicker. 

The modern mortgage industry has a variety of different term length products. When applying for a loan,take the time to evaluate the different terms to see if you can find a loan that is perfect for your situation.  Mortgage Rates Florida!