The Florida Mortgage Credit Certificate (MCC) Program provides cash back to first time home buyers every year that they live in their new home. The MCC Program lets the homeowner to claim up to 50% of the total mortgage … Read More
A recent announcement from the FHA (Federal Housing Administration) signals real improvement in the national real estate and mortgage economy. Current secretary of US Housing and Urban Development, Julian Castor announced that FHA would be reducing the annual premiums charged … Read More
In our market, many of the properties have been purchased by investors and are resold within a short time period. Therefore, it is important to know the “flipping” rules for different programs. Below is a quick summary. Please … Read More
Did you know that the IRS gives you a 90 day window to place a mortgage on your new home and still take advantage of the tax benefits associated with “acquisition indebtedness”? What is Acquisition Indebtedness and Why Does it … Read More
In today’s market here in Ocala many have lost value in their homes. Many would like to trade up to larger homes that would be more suitable for their growing families, but feel stuck because their current home isn’t worth … Read More
There are those who will argue against home ownership vs the comparatively risk free alternative of renting here in the Ocala area. However, we’ve all heard the old saying, “where there is no risk…there is no reward”, or some version … Read More
Quarterly reports show improvements in local area real estate across the board: Median sales price of $107,000 up 20.2% over this time last year and the highest it has been since July 2009 Number of homes sold up 13.5% over … Read More
RealtyTrac has developed a list of the 20 best real estate markets across the nation, for investors looking to purchase single family homes as rentals. The analysis uses the average sales prices and rental rates for 3-bedroom homes, calculating capitalization … Read More