TAX ESTIMATOR
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Figuring out the taxes you will own when you purchase a new home is important in figuring whether you can afford the home. Below is a link to the Counties site that will help you determine what a particular homes taxes will be. The purpose of the Real Property Tax Estimator is to provide an estimate of real property taxes based upon the information you enter; including Homestead Exemption and the Homestead Assessment Difference calculations, if applicable. The estimate is only as accurate as the information entered and it is only an approximation. If you are having trouble or have any additional question feel free to call me at (305) 300-0542 or leave me a message on the Contacts portion of the site.
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Pre-qualification is a term used in retail finance, and means that a loan officer has taken some information from the borrower, and made a tentative decision, but not verified any of it. With a pre-qualification, the borrower is typically asked forhis or her social security number or other identifiers. A borrower will give theiremployment, income and asset information and the amount of current monthly debt. In addition a borrower is asked about their general credit worthiness. Based on this quick work up the borrower will be told that they pre-qualify for a certain loan amount. For example, if the borrower makes $15/h or $2600/month this is then calculated to an industry-standard ratio of debt to income, for example 36%. So if a borrower makes $2600/month they would be pre-qualified at a total debt of $936 (this includes any monthly payments, including car & credit card min. amount; along with the proposed payment of principal, interest, taxes and insurance amounts. Pre-qualification simply denotes a process that has not yet been underwritten to the guidelines of a particular lending institution. Getting yourself pre-qualified is an important first step before you start looking for a home. Call me or email me if you need more information or would like an application to get the process started. Jeannette Hathaway (305) 300-0542 |
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HUD'S APPROVED FHA CONDO LIST
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Many Condos are already approved for FHA loans. The link will take you to a list of approved properties. It the condominium you are looking for is not currently on the list if it meets the standards for HUD It can be added to it through an application process. The Condominiums page allows users to search for FHA-approved condominium projects by location, name, or status. These properties are not for sale by the FHA. If you have any problems with the link or have additional question feel free to call at (305) 300-0542 or leave me a message on the Contacts page of the site.
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