What if I have a home right now and want to use it for this finance method. Can you do it
@wilmotfulton44003 ай бұрын
Lewis Joseph Clark Michael Hernandez Matthew
@FallenTimber3 ай бұрын
Are any bank statement loans available for construction loans? 830 credit score, own land free and clear (appraised at $600K), and can’t qualify for a construction loan and having trouble finding a bank statement construction loan.
@Sports_cliff3 ай бұрын
😂😂😂nice
@emilyannamanda4 ай бұрын
Lol must have family members to do step three
@AmeerUSA4 ай бұрын
Thanks alot, very clear. You should get 1M views!
@dirtypapist4 ай бұрын
I can’t wait for the bank to take my home and rob my children of an inheritance. Sign me up!
@SuzanneWolfe-zc9bt4 ай бұрын
Miller William Davis Richard Brown Brian
@sombojoe5 ай бұрын
#4 - Know when to dub your audio.
@alexdavidson77855 ай бұрын
Uahhhhhh At 7 % NAAAAAA
@jennigirl82756 ай бұрын
thank u
@patrickstorch6 ай бұрын
You're welcome!
@sapphirestone86726 ай бұрын
What does the heir not the survivor mean?
@chillindylan98288 ай бұрын
No
@2boysinthebackseat8 ай бұрын
Nope
@GillAgainsIsland128 ай бұрын
Yeah, I'm homesteaded and got the standard $50,000 reduction on my tax base, but I STILL pay $5000 in property taxes and over $2500 in CDD fees for a 2400 sq. ft. home on a 1/3 acre. And that's in Zephyrhills! Not exactly West Palm Beach!
@leoyoung12358 ай бұрын
That was very informative
@patrickstorch8 ай бұрын
Thank you!
@hankgonzales50489 ай бұрын
Do you cover California
@patrickstorch9 ай бұрын
We unfortunately do not cover California but we are licensed in Alabama, Florida, Georgia, South Carolina, Texas, Virginia, and Tennessee.
@Nb617779 ай бұрын
If I buy a house for much more than what it was last sold at, does the homestead exemption provide the 3% increase limit to the prior assessment price or a new assessment based off the price I purchased for?
@patrickstorch8 ай бұрын
The county always reassesses a property any time there is a change of ownership. So the homestead exemption will be based on the county’s new assessed value.
@ΜπρούνοΑνέλλο10 ай бұрын
Great example
@davidoverby345111 ай бұрын
I filed for homestead exemption in December 2023. Does this mean I won’t see a difference in my taxes until 2025?
@jacobkim240211 ай бұрын
This is pathetic
@diving.deep.6 ай бұрын
Why ?
@sapphirestone86726 ай бұрын
Not every situation in which this happens is pathetic. Sometimes it’s strategic.
@jaygonzales6069 Жыл бұрын
So what’s it called??
@anarchy6751 Жыл бұрын
They are asking for a certificate of trust. Now I'm a bit stuck.
@lynngordon9438 Жыл бұрын
If u kno u kno
@jackiehopson8334 Жыл бұрын
🤡
@jlynndelgado Жыл бұрын
Hi Patrick! Do you have to do anything to apply the homestead of your previous home to your new home (portability)?
@patrickstorch Жыл бұрын
Hi! All you have to do is visit your county appraiser's website and they will have an option for you to easily file your homestead and portability.
@evem62077 ай бұрын
How is the portability beneficial ? Does everyone get 50 thousand off when they get approved?@@patrickstorch
@ashleygarner.23 Жыл бұрын
Hi patrick what is the website?
@patrickstorch Жыл бұрын
Hi Ashley, here is the website. Let us know if you have any questions! www.workforce-resource.com/dpr/lopmt/[email protected]
@Tmoe752008 Жыл бұрын
I have homestead exemption & my property taxes went up by 23% in one year is that legal?
@patrickstorch Жыл бұрын
Hi! We recommend that you speak with your local property appraiser about the high percentage. But, we could walk you through this as well - we're always available by call or text at 813-616-8844.
@trudyvaccaro1560 Жыл бұрын
I would like to move to Ocala and take my portability homestead with me
@patrickstorch Жыл бұрын
That's awesome! Feel free to give us a call at 813-616-8844 so we can walk you through it.
@Michael-qy1jz Жыл бұрын
I'm in Sarasota. Can you expand on the portability? If I bought in 2012/Homesteaded, and now it's worth 500k, and then I bought and moved into an 800k home, what numerics is portable? My current tax bill would stay the same amount as the old house as on the new house, plus a 3% increase a year? Thanks.
@patrickstorch Жыл бұрын
@@Michael-qy1jz Hi Michael! If you are located in Sarasota County, your county appraiser has a super helpful chart regarding portability. I've added it here! www.sc-pa.com/exemptions/homestead/save-our-homesportability/
@Michael-qy1jz Жыл бұрын
@@patrickstorch Thank you. !
@NYTruthseeker Жыл бұрын
Is this for Tampa only?
@Crypthief Жыл бұрын
Housing market collapse like 2008 🕰️ CDO is just the truth name behind all this only that is not held by stocks can put banks in a bad position, if it’s that easy
@accountantintraining4752 Жыл бұрын
So, uh, that's it? No information.
@MelLar257 Жыл бұрын
I closed on a second home April 6, 2023. I see past the deadline. I am there for about 7 days every month, can I file? if so Would I have to wait to until 2024 to do so?
@skruffelz2 ай бұрын
7 days a month??? No wonder i cant afford a house around here
@TofuDriver11 Жыл бұрын
😂😂😂
@TofuDriver11 Жыл бұрын
Haha that was a good one lmaoo what a good team you have Patrick 😂
@nazeercurry5248 Жыл бұрын
Is it a tax write-off for the person or nonprofit giving the gift?
@patrickstorch Жыл бұрын
Hey there! Excellent question. Our best advice would be to get in touch with a local accountant to confirm whether you can utilize this gift as a tax write-off.
@InvestwithKhan Жыл бұрын
If you put down a down payment will you get the escrow back? Thnkx
@patrickstorch Жыл бұрын
Any monies you give you will not get back. HTH will apply to the principal balance of the loan. We recommend a lower escrow deposit:)
@InvestwithKhan Жыл бұрын
@patrickstorchmortgageteam thanks so much 😊
@dunghuynh-bu6ns Жыл бұрын
Very funny , the guy work form Primary Residential Mortgage in the Nashville his name is Shaun Lyons, he said buy house with no income check, that is not illegal.
@dunghuynh-bu6ns Жыл бұрын
I tell you story , I am live in Chicago, and I am looking house to buy in tenesse, I have house in Chicago sell 390, everything done already closing will this week, I am looking some body help for loan in tenesse, and my agent tell me, he good guy ,and nice guy, I just send him tax income for 1 year and he said i am not approve for loan., i said I can go with no income, more down payment, and he said that not illegal, he not working with that, (all federal regulations at our company and stated loans on primary residences are illegal not only in Tennessee, but the whole country unless you are borrowing from other sources such as private ) that how he said , I don't have high income but I bought 2 house aldredy, with chase bank mortgage, and I down 20% with out income . I am not sure how is different but house in teneesse
@GideonHawk-j8i Жыл бұрын
Listen you goof, he’s talking about federally backed loans, these are private lenders they can do what they want.
@empressahrayala11 ай бұрын
😂
@markoveli5613 Жыл бұрын
What happens when I refinance?
@InvestwithKhan Жыл бұрын
pretty sure you just refi it with new loan so it just transfers over basically
@ikeybhatnagar9569 Жыл бұрын
P R O M O S M ☺️
@thiago203 Жыл бұрын
💖 P R O M O S M
@Reikimakesmehappy Жыл бұрын
Haven't watched this channel in years because GOT and all our faves were wrapped up. I came back for HOD anyways, great review.
@chocoso26 Жыл бұрын
Nationwide???
@patrickstorch Жыл бұрын
Hi Ricardo! This new program is only available in Florida.
@lrichon4921 Жыл бұрын
Thanks for the information. What if you missed the deadline? My property tax already went up, will it go up again this year? Thanks for your help.
@patrickstorch Жыл бұрын
You’re so welcome! You can still visit your local property appraiser's website to file for homestead to keep your property taxes from increasing substantially again this year!
@jmtoomer21 Жыл бұрын
@@patrickstorchdo you apply every year??
@Nick.5.9..175 Жыл бұрын
😂😂 I swear that’s how it is
@miamiisyours Жыл бұрын
Where did you hear that the occupation list is going away? I can't find any info on that.
@patrickstorch Жыл бұрын
This information is what we as lenders have been told within the industry, but it hasn't been released to the public just yet. We'll update you with any new news!
@88888gerald Жыл бұрын
to put people who cant afford a house into debt forever...