Notes from Tony Fitzgerald's desk on how Florida mortgages actually work — the escrow resets, the homestead deadlines, and the details nobody mentions at the closing table. Written for Sarasota, Bradenton, and the Gulf Coast.
People say it with guilt: I'm throwing money away on rent. No, you are not. But the owner-renter wealth gap is real. Here is what actually drives it, when renting is the better call, and why twenty percent down is a number people made up.
About 90 percent of buyers take a 30-year mortgage, yet the median seller had owned for only about 11 years, an all-time high. Once you see that gap, how you pick a term, a down payment, and a rate strategy changes.
Tony Fitzgerald · NMLS #1284924 · 1st Response Mortgage · powered by Mpire Financial Group LLC · NMLS #2108504 · Florida License #MLD2467 · Mortgage Broker · Sarasota, FL · (941) 941-5150