What you are referring to is capital gains tax. And yes, usually two or three years is the marker but it is only at a certain cap. I believe in your state it is up $250,000.00 capital gains if you have lived in the home as your primary residence for two of the past 5 years.
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All business will get complaints. How those businesses take care of those complaints is what separates good businesses from the rest. Consumers love to do business with someone that can admit mistakes and state how they made improvements.
The rate is going to be a little bit higher due to the low credit score. But that is the only way to use both incomes to qualify for the mortgage. If you’d like to try qualifying on just your husbands income then you’d probably get a better rate and you might be able to do a conventional loan. The PMI would be less than on FHA.
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If you are interested in selling your home or condo in South Florida, or simply have a question about the real estate market, please contact Michael Light, Director of Luxury Sales at Douglas Elliman, for a full marketing presentation of how we can market your home to sell for the highest possible price.
If financial need is a test to get the apartment you want to look at, then yes it may be possible that having an interest in a house, or being on a mortgage, could be a problem. Other than that, private landlords may rent to whomever they feel will be able to pay the rent. In some cases, having a house can improve your creditworthiness in.