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Orlando Property Management Company and Real Estate Broker

November 2016

It Isn't Final Until It's Funded

Mortgage approval isn’t final until the loan is actually funded at closing.  Many things can change prior to the loan being closed that can affect a pre-approval such as changes in the borrowers’ financial situation or possibly, factors beyond their control like interest rate changes. Good advice to buyers is to do nothing that can affect your credit report until the loan closes. Opening new credit...

Gift or Inheritance – Does It Matter?

A person called into a radio talk program with a situation that was troubling based on the potential tax liability that may have been avoided. The caller’s elderly father had deeded his home to his daughter a few years earlier, because in his mind, his daughter was going to get the home eventually and this would be one less thing to be taken care of after his death. The daughter didn’t really care...

It's the Principal of the Thing

Most people think they’ll have a house payment and a car payment for the rest of their lives, but it doesn’t have to be that way with a plan and a little discipline. If you make additional principal contributions to a fixed rate mortgage this can shorten the term and save tens of thousands in interest.  If a person were to make an additional $100 payment each month applied to principal on a $175,000...

A Cost to Consider

Homeownership, part of the American Dream: a home of your own where you can feel safe, raise your family, share with your friends and enjoy life. The benefits are easily recognizable but maintenance is just as real and should be considered. Property taxes and insurance are two of the largest expenses homeowners have aside from their mortgage interest. But, as any homeowner knows, there will be occasional...

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