Metas
Florida Real Estate News - 04/23/07
FLORIDA MORTGAGES
Lawmakers in Tallahassee are considering bills to curtail the way mortgage brokers do business, including a requirement that mortgage brokers fully disclose the risks associated with ARMs.
A good mortgage broker should explain all the details of any loan program to the prospective borrower.
FLORIDA PROPERTY INSURANCE
Will competition force down property insurance rates? Four new homeowners insurance carriers have entered the Florida market since the state passed legislation in January, with applications from another three companies pending with regulators.
Having more homeowner insurance carriers entering the Florida market is a good thing. Beyond the additional competition for policyholders, additional insurance carriers can reduce the loss exposure for the other insurance carriers - spreading out any insurance claims over a greater number.
HURRICANES
New research suggests that global warming could actually decrease the risk of hurricanes because it increases wind shear, or turbulence, even as it warms ocean waters. But the theory is too new to include in hurricane models and can’t be considered by Florida officials as they review new property insurance rate hike requests.
I wonder if Dr. Gray from the University of Colorado has considered this aspect in his forecast for the upcoming hurricane season.
FLORIDA SALES TAXES
Florida’s sales tax has helped keep the state’s checkbook balanced and credit rating so healthy over the years that it’s one place lawmakers like to look when searching for dollars.
If the sales tax has helped to keep the state’s checkbook balanced, maybe an increase in the sales tax, as proposed to give relief to property taxes, might not be so drastic. Wondering if the Florida legislature has considered this in their deliberations?
Comments
Got something to say?