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Mortgage Glossary

Homestead Exemption

Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

Florida's homestead exemption lowers the taxable value of your main home. That cuts your yearly property tax bill. It applies to your primary residence.

What Homestead Exemption means

It also offers some protection from creditors. You apply for it after you buy. The savings repeat every year you own.

Florida example

A Florida owner claims the exemption on their primary home. Their tax bill drops. We remind every buyer not to miss it.

What it is

Florida's homestead exemption lowers the taxable value of your primary home. That cuts your yearly property tax bill.

It also offers some protection from creditors.

Why it matters

The homestead exemption can save Florida homeowners real money each year. You apply after you buy.

We remind every buyer to claim it. Apply now and we will make sure you do not miss the savings.

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Housing Expense RatioHousing RatioHUD-1 Settlement Statement
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