The Easiest Way To Buy A Home In Florida If You Currently Work and Live In Another State...

In today’s video, I want to share the easiest way to buy and finance a home when you’re relocating to Florida in the future, but you currently work and live in another state. 

A married couple recently asked me: 

What’s the best way to buy and finance a home in Florida if I’m not living there?

To which I responded with the following questions:

1. How long will it be before you move to Florida? Their response: three and a half years. 

   2. Will you be visiting your new home purchase throughout the next three years? Their response         ABSOLUTELY! 

   3. Will you continue working once you move to Florida? Their response: NO, I’ll be retired

The obvious and clear answer from me to them was: 

The easiest way to purchase and finance your dream home in Florida while not living here is to buy and finance the house as a second home. 

They paused and responded I didn’t know that was possible. I thought we had to wait until we lived there to buy a home. 

Here are the reasons I recommended they buy and finance their Florida home as a second home:

1. Interest rates for second home purchases are usually within the range of primary home purchases.
2. Their income where they currently live is more significant than it will be when they move to Florida. It’s easier to qualify with a higher income than a lesser income. 
3. If they buy right now, interest rates are at historic lows. Who knows where mortgage rates will be three years from now. 

After answering all of their questions, explaining the second home buying, financing requirements and process. This couple is looking forward to the smoothness of purchasing a second home. 

If you currently live in another state or even a different part of Florida and you’re considering relocating and you would like to buy a home. Give me a call, send me a message. I would be happy to help you plan a mortgage that fits your needs.

My name is Edgar DeJesus. I’m Branch Manager and Mortgage Advisor of Treasure Coast Home Loans. I understand everyone’s life situation is different. No matter what yours currently is, if you are interested in buying a home, we would love to help you, guide you and lead you. 

Today’s market requires you to have a skilled negotiator and consultant, like me, helping you and the people you care about right now.

Call or text me with any questions that will let me separate opinion from opportunity. 

Thank you for taking the time to read my latest real estate and mortgage report.

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