Florida Second Home Loan
Now with the lowest sales prices in years due to foreclosures and short sales, now is the best time to purchase your second home.
Values are starting to turn up from the lowest levels.

Important Information on Second Homes.
 
Currently, you should be prepared to have, at least a 20% downpayment due to the lack of mortgage insurance and also due to the lack of second mortgage financing for second homes in the State of Florida.

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!

Do I qualify for a Florida Second Home Mortgage? 

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)
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  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 just starting to resurface with the upturn of the depressed values of the last few years, 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!