Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream.
Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since....
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead.
If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise.
How Rising Mortgage Rates Impact You
Mortgage rates play a...
Florida Mortgage | The Spring Homebuying Season Is in Full Bloom
Spring is the most popular time to buy a home, making it a great time to sell. Let’s connect so you can take advantage of the spring buying season.NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Florida Mortgage | How Not To Get Fooled When You Sell This Spring
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Florida Mortgage | Thinking of Buying or Selling a Home?
The Spring Buyer and Seller Guides are here. Let’s connect so you can get the latest digital copies.NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Florida Mortgage | Things To Avoid After Applying for a Mortgage
It’s essential to avoid mishaps after applying for a mortgage. Let’s connect so you know what to avoid during this part of the homebuying process.NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains:
“The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.”
Why does that matter so much today? There are many...
Florida Mortgage | Why We’re Not Headed for a Housing Crash
Today’s housing market is nothing like it was in 2008. Let’s connect to discuss the reasons why it’s different. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for your home?
If you’re looking for ways to focus more on the important things in your life, the answer could be downsizing. A recent article from The Balance talks about why it could be a great option, saying:
“There are many reasons to buy a smaller home—or to downsize from your present home—but...
Florida Mortgage | Why Acting Strategically as a Seller Is Your Best Play
Are you thinking of selling your house? Let’s connect so you can perfect your strategy and make a winning play this year. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany