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Michael Bordenaro
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Comments by "" (@commonsense6967) on "We WISH WE COULD SELL! But Our Interest Rate Is Too Low" video.
Very nice "dog park", Michael! Next time be sure to bring your doggie ( if you have one)!
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Congratulations! I remember when I had a 10.5% 15 year mortgage taken out in 1989, and it was such a burden to pay, and depressingly slow to pay down the gigantic interest and principal! But after 8 or 9 years, it was exciting to see how each additional payment made began really whittling down the balance. After 10 years, paid the remainder off in a lump sum. (Downside of that was the fact that most of the interest had already been paid by then. But still a good decision to do!😊)
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This has already been explained many times. In FL, valuation assessments already ARE "the same for all", based on FL statute that requires all property to be assessed at 100% of VALUE. The difference in TAXES assessed ( i. e., your tax bill compared to someone else's with same valued home) has to do with MANY other things, but NOT valuation of the property, nor "how long" you've owned the home, at least not directly. You can look up "property tax exemptions" and "Save Our Homes" Amendment for starters. Millage rates, another factor in your property tax bill, are different in different cities and counties, also.
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