Jose Castillo Realtor's Q&A

David,If your credit score is 740 and above  and your LTV 80% your rate will be the same for either Primary or second home.if your score is below the 740 than yes the rate differs from primary to second/vacation home.If you need help finding your second home i would be happy to help.Best of LuckJose Castillo954-240-3940 or josesellsfl@yahoo.comwww.josesellsfl.com

Hello David,yes you most certainly can make your Florida home your Primary, you would probably need to show employment in Florida some how either a transfer from your existing company or a new job lined up or a fixed income like SS. This of course is for a home that you would Finance a part of (ie a mortgage )If paying Cash then this would not be needed.In order for the Florida home to be your homestead it must tbe primary and you would need to live in it a minimum of six months out of the year this will reduce your property taxes substantially and cap the increase at no more than 3% anually.[content removed by moderator for being self promotional]

Hi Cindy,The current property taxes for this home is at $10,233.38 with no homestead exemptions.The home is an REO property (bank Owned) and was listed for sale at $249,900 but has been terminated for the moment.I have attached a link with the tax info see below.http://sef.imapp.com/ilinks/viewer/19e42abdc7fd8eb93a227af44f326651I would be happy to provide further information if you like, just contact me at your convenience.Best RegardsJose CastilloCoral Shores Realty954-240-3940 or josesellsfl@yahoo.comwww.JoseSellsFL.com

Hi, jgb141The HOA dues for unit 1702 at Coral Ridge Towers (a CO-OP 55+ Building) is currently at $414.00 per month. It is a Penthouse Unit listed for sale at $250,000 dollars.The best to answer your insurance ?? would be an insurance agent but it should not be extremely high in cost. Being a condo (co-op) you would fall into the Buildings Umbrella policy.  Though you will need hurricane insurance now as per new laws.I have attached two links here for you to review, one the tax record which shows the taxes for the last 5 years and the other the MLS report of the listing.http://sef.imapp.com/ilinks/viewer/fbc35bd16ed3410ae3f041f33331e334http://sef.mlxchange.com/Pub/EmailView.asp?r=1317643963&s=SEF&t=SEFShould you have any questions about this or any other unit or simply need help with your condo purchase i would be happy to help you.best of luckJose CastilloCoral Shores Realty954-240-3940 or josesellsfl@yahoo.com