Send us a text

Mortgage rates are holding in the mid to high 6% range with positive indicators from the bond market and expected lower CPI numbers suggesting future rate decreases. Property taxes on new construction homes follow a complex pattern from lot tax to full assessment that significantly impacts mortgage qualification and payment changes over the first few years of ownership.

• Current mortgage rates remain in the mid to high 6% range
• Improving bond market and expected lower CPI should help push rates down
• Florida considering eliminating property taxes completely

More on New Construction -
• New construction initially has "lot tax" on bare land only
• Lenders must qualify buyers using estimated full tax amounts
• In Arizona, some lot taxes are $0, requiring lenders to use estimated future taxes
• Minnesota uses an interim tax amount between lot and full tax during construction
• Property taxes will increase substantially in first few years of new home ownership
• Both lenders and title companies provide crucial tax information for qualification
• Transparent communication about future payment changes is essential for buyers

Reach out to us anytime if you have questions or need assistance with your mortgage or real estate needs.

Support the show

Nothing Changes if Nothing Changes - Awaken your Awareness today!!

Grab my eBook in my Stan.Store/AngieGerber

Now's The Time - no matter where you are, where you have been, or your current results - By becoming more aware and following a process, you can have whatever it is you truly desire!

Schedule a free discovery call with me.
I would love to learn more about your goals, dreams, and desires!!

https://calendly.com/angiegerber/zoom-call-15-minutes

Check out my YouTube Channel - So many ways to stay connected and plugged in!
AGCoaching@agcoaching684

With Gratitude -

Angie Gerber
https://stan.store/AngieGerber
angiegerber@gmail.com

⬜ JOIN MY TIKTOK : https://www.tiktok.com/@agcoaching4life
🟧 FOLLOW AND LIKE MY FACEBOOK ACCT : https://www.facebook.com/angie.gerber.5/
🟫 FOLLOW ME ON MY INSTAGRAM : https://www.instagram.com/angie.gerber.5/