[Tina Johnson]

Florida insurance premiums are out of control.

[Tina Johnson]

Primary owner-occupant homes require between zero to 5% down payment whereas second homes require a 10% down payment and investment homes generally require 15% to 20% down payment. Mortgage rates on investment properties or second homes are much higher than primary home loans. Therefore, many borrowers will try to pull a fast one and say it is a primary home when actually it is not and it is an investment home. This is called occupancy fraud.

[Tina Johnson]

Mortgage rates are steadily dropping. I suggest to get your credit scores maximized to the highest potential so when the time comes, you can refinance at the lowest rates.