Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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Not True
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#32
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Taxes will be approximately 2% of the sale price less any homestead credit usually about $50,000 if the home you purchase is primary residence
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#33
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Thought it was illegal to include furniture within mortgage?
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#34
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9 new homes 🏡 n Florida
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#35
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Depends on what the home is appraised at verses the
mortgage amount. Bottom line, for a traditional mortgage, if the mortgage is for 80% or less of the appraised value, the lender won’t care. Very few lenders actually keep home mortgages on their books, they sell them and the mortgages end up as collateral in mortgage backed securities. All lenders care about is that the mortgage meets the underwriting requirements that allows it to be sold in the secondary market. |
#36
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I've been trying to figure out this assessment deal. Did Sumter Co reassess everyone in 2019? I bought in 2015, the assessment stayed stable for four years, then jumped in 2019. A higher assessment and a big tax rate increase was a double whammy for me. I'm thinking this is not news to anyone out there.
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#37
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#38
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I forgot to add that we are in Sumter county but not in a city like Fruitland Park or Wildwood. I have heard the taxes are significantly higher for a house in those jurisdictions.
In TV, Pine Hills and Pine Ridge are in Fruitland Park. In the Southern area, I think some of the neighborhoods may be in Wildwood. |
#39
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except when they don't.
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#40
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Sumter County didn't raise taxes for years. Last year 24% + other assessment increases went into effect.. Beware the raise in taxes was hinted to be first of 5 years. Also tax bill has bond and maintenance fees to consider. Besides homestead, look to see if you qualify for other tax credits like military, low income irs tax form total may be arranged depending on deductions. Check out other property tax credits. Also, as someone suggested, buy furniture. appliances, golf cart, anything else as a separate sale with cuurent owner and keep it off "house" sale price and mortgage loan.
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Closed Thread |
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