2016 is going tot be a great year for Florida real estate and from what I have seen so far this year already, it is a 'fasten your seat belt' kind of year! This is great news for sellers since prices are expected to go up 12%. Needless to say, that also means that buyers need to get their finances in order and purchase NOW if they are planning on becoming a homeowner.
There are also more and more loans now available for those who own their own business and want a 'bank statement' loan. A bank statement loan means they do not have to show end of year tax returns. This is an advantage for business owners who have so many deductions that they would otherwise not qualify for a mortgage. While the interest rates on these loans are a bit more than on tax return loans, it is a door that would be otherwise closed to these people.
Stay tuned for updates on the rocking Florida real estate. It is predicted to be the best year since 2006 and I do indeed believe it.
Comments(7)