The year 2020 has been about as unpredictable as the weather and the stock market. While some aspects of the past 10 months – like the COVID-19 pandemic – have brought a number of changes to the way we work and live, others, such as the historically low mortgage rates in Florida as well as [...]
If you’re considering building a new custom home, chances are that you may need to fund at least a portion of the project using a construction loan. But given the many financial and economic changes that the COVID-19 pandemic has brought about, will new home construction loans still be as readily available going forward? The [...]
If you’re considering building a new custom home in Florida – but the project has been put “on hold,” or it’s even been halted altogether due to the Coronavirus pandemic – you may be wondering where to go from here, and whether or not you’ll be able to move forward in the near future. The [...]
Unlike getting a home mortgage for the purchase of a pre-existing property, financing the building of a new custom home can involve a couple of different components. One, for instance, is that a construction loan will typically be issued for a time period of twelve months or less. During this time, the borrower may only [...]
If you've been thinking about designing and constructing the home of your dreams, then you are likely aware that there can be a long list of potential expenses. But did you also know that you may be able to deduct some of the related expenses on your tax return? One area where you could see [...]
If you're planning to build a new custom home, then it is likely that you may need to consider obtaining a construction loan. Unlike the purchase of a pre-existing structure, those who start from scratch will need to finance the home building process with two types of loans. The first of these is a construction [...]