Florida Second Home Loan
Now great programs for lower interest rates and lower payments!
Important Information on Second Homes.

With lower interest rates, more and more people are able to realize their dreams of having a second home in Florida.
With the mild climate in the winter, the beautiful tropical scenery, exotic birds, and the amazing clear waters...it's no surprise that Florida is a sought out destination for a second home. Whether it be a single Family home, Townhouse or Condo, FloridaLoan.net and Home Mortgage Experts is your expert resource for your second home purchase mortgage.
We specialize in out-of-state transactions.
We work with you, your real estate agent and your title company to smoothly take your Florida Second Home Mortgage to closing.

It will be your choice whether you would like to close on your Florida Mortgage in Florida or in your home state. No Problem!

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Also, lets look at an example of the tax benefits of a second home: Suppose there is Bob out there. Bob is single with no children and is paying the mortgage on the home he purchased a few years ago. Bob has been saving up and this year he fulfills his dream of purchasing a vacation home. It's not much, just a cabin in the woods, but it has a bedroom, bath, and kitchen.
 
Here is what Bob's second home does to his tax liability for 2000:

• Adjusted gross income $128,000
• Less itemized deduction for state income taxes $3,500
• Less itemized deduction for real estate taxes on 1st home $1,500
• Less itemized deduction for mortgage interest on 1st home $7,800
• Less itemized deduction for real estate taxes on 2nd home $1,100
• Less itemized deduction for mortgage interest on 2nd home $10,200
• Less personal exemption for Bob $2,800
• Taxable income $101,100
• Bob's 2000 federal income tax $26,022
• The $1,100 Bob pays for real estate taxes on his 2nd home and
• the $10,200 he pays for mortgage interest on his 2nd home
• save Bob approximately $3,500 on his federal income taxes in 2000.
• Bob is so slick, fulfilling his dream of owning a 2nd home and saving money on his taxes! (Please contact your accountant for your personal scenario)
  
  Facts from the Joint Center for Housing Studies of Harvard University.
• Executive Summary
• Rental Housing
• Housing Markets
• Demographic Trends
• Home ownership

Investing in a Second… The Rise of Investor and Second-Home Purchases (Article of Interest) Special Commentary from the Office of the Chief Economist by Frank E. Nothaft, Freddie Mac's chief economist August 1, 2005 Second Home Mkt Surges 05 Second-Home Market Surges, Bigger Than Shown in Earlier Studies
 
WASHINGTON (March 1, 2005) – A new study shows sales of second homes surged in 2004, and that investment property and vacation homes make up a significant portion of the overall housing market, accounting for more than one-third of residential transactions, according to the National Association of Realtors®.

Now property owners and would-be buyers can take advantage of the enormous investment opportunities that exist in Florida's Real Estate today.
Today's boom is not just driven by low interest rates -- there are a host of demographic reasons that show why real estate will continue to outpace other investment opportunities, from the growing needs of the baby boomer generation to the new ways real estate is marketed and sold.

Pre qualify for your second home now!