Linda Risden and the Five Star Team
Office: 954-345-5530
Cell Phone: 954-270-3463
GetDownPayment.com
Take Advantage of Our Many Different Calculators!
(Click on any one below to use the calculator that you want)
Mortgage Calculator: Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay and your principal balances. You can even determine the impact of any principal prepayments!
How Much Can You Afford: This calculator steps you through the process of finding out how much you can borrow.
Determine Your Tax Savings: Use this calculator to determine how much you could save in income taxes.
Rent vs. Buy: This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.
Adjustable Rate Mortgages: Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This calculator helps you to determine what your adjustable mortgage payments may be.
What is Your APR: Use this calculator to determine the Annual Percentage Rate (APR) for your mortgage.
Fixed vs. Adjustable Rate: Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
Balloon Mortgages: Find out if this financing option is a good one for you.
15 vs. 30 Year Mortgages: Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
How Much Should Your Income Be: This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.
What's Your Maximum Mortgage: This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.
Buying Points to Save Money: This calculator helps you determine if you should pay for points, or use the money to increase your down payment.
J & E FINANCIAL GROUP, INC.
2190 N.E. 51st Court, Suite 302
Fort Lauderdale, Florida 33308
Phone: (954) 928-1888
Fax: (954) 928-1777
Cell: (954) 868-1087
Email: John_jefinancialgroup@comcast.net
John Heinlein is the founder of J&E Financial Group, which is located in Fort Lauderdale, Florida. He has been in real estate finance for the last 10 years and specializes in all types of residential and commercial lending. His vast knowledge and experience allows him to achieve the highest level of customer satisfaction by providing outstanding service and support to his clients.
Being a resident of South Florida for 29 years, John understands your needs and works diligently to earn your business while providing you with the best financing available.
J&E Financial Group is one of the premiere lending companies in South Florida with a wide variety of loan products to fit your mortgage needs. Our programs provide a complete spectrum of financing in order to accomplish your ultimate goal in buying your dream home.
 
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Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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What does the term ARM stand for?
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| A |
An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market. |
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