Intro to Home Building
How To “Building Guide” Florida
Why New Construction? Many homeowners’ dream of a newly built home built by a local home builder because of all the great options that it offers. First off your new construction home can be designed the way you want it. This allows you to choose the floor plan and room layout including sizes to fit…
Read MoreAvoid New Construction Pitfalls in Florida
Congratulations on your decision to build a home in Florida. You’ve chosen an amazing place to plant your dream residence, and choosing the right location is half the battle. You and your loved ones will be enjoying lots of sunshine and relaxation in the Sunshine State. Building your home will probably be the most fulfilling…
Read MoreDebt to Income Mortgage Qualifications
What is Debt-to-Income Ratio? If you decided to buy one of the Florida homes for sale you’ll need to know your debt-to-income ratio (DTI). Simply put, it is the calculation of how much of your monthly income goes to debt payments. Mortgage lenders look at the debt to income ratio to see how much they…
Read MoreUnderstanding Construction Loans
What is a Construction Loan? Construction loans are temporary loans used to pay for the building cost of a home. They are relatively short term, and a lender usually takes an ownership interest in the building. It is designed for construction and has features such as interest reserves, where repayment capacity is based on something…
Read MoreWhat is a net Zero Energy Homes?
For prospective home owners, there’s never been a better time go green. Advancements in insulation, HVAC and design means that new houses have the potential to be twice as energy efficient as those built just two decades ago. New home builders in Florida can harness the power of the sun by installing solar panels to…
Read MoreEnergy Efficient House Plans
When planning for comfort and durability, along with incredible savings over the coming years, the best choice is an energy efficient house. But how do you choose the right energy efficient house plan for you and your family? There are a few different points of interest to examine when choosing, so let’s take a look.…
Read MoreCalculating You Monthly Payments
Calculating your monthly payments Even when you find the perfect home builder, One of the most important factors to consider when building a new home is affordability. As a general rule, mortgage payments should not exceed 30-40 percent of your monthly take-home pay. When calculating affordability for FHA loans you can use 45% of your…
Read MoreUnderstanding Mortgage Rates For New Construction
Mortgage Rates; How & why do they change. Mortgage rates are mostly defined by the secondary market, where they are bought and sold. The two government agencies whose job is to keep the secondary market stable are Fannie Mae and Freddie Mac. These two government agencies not only help to establish the current mortgage rates…
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