The Five-Year Rule for Home Price Perspective

Written by Destin FL Mortgage Mortgage Syndicated User on June 10, 2025. Posted in Destin FL Mortgage, First-Time Buyers, For Buyers, Home Prices, Mortgage Destin FL.

Headlines are saying home prices are starting to dip in some markets. And if you’re beginning to second guess your plans based on what you’re hearing in the media, here’s what you need to know.It’s true that a few metros are seeing slight price drops. But don’t let that overshadow this simple truth. Home values almost always go up over time (see graph below):While everyone remembers what happened around the housing crash of 2008, that was the exception – not the rule. It hadn’t happened before, and hasn’t since. There were many market dynamics that were drastically different...

Buying Your First Home? FHA Loans Can Help

Written by Destin FL Mortgage Mortgage Syndicated User on June 9, 2025. Posted in Affordability, Buying Tips, Destin FL Mortgage, First-Time Buyers, For Buyers, Mortgage Destin FL, Mortgage Rates.

If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look. And one thing that can make homeownership easier to achieve? An FHA home loan.They’re designed to help you overcome some of the biggest financial hurdles in the homebuying process – and that’s why so many first-timers are using them to make their purchase.Whether you’re dreaming of ditching rent, planting roots, or just wanting a place that’s truly yours, an FHA home loan could be the path that...

Understanding Today’s Mortgage Rates: Is 3% Coming Back?

Written by Destin FL Mortgage Mortgage Syndicated User on June 4, 2025. Posted in Buying Tips, Destin FL Mortgage, First-Time Buyers, For Buyers, Mortgage Destin FL, Mortgage Rates.

A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here’s the thing: those rates were never meant to last. They were a short-term response to a very specific moment in time. And as the market finds its footing again, it’s time to reset expectations.Back in 2020 and 2021, 3% mortgage rates gave buyers a serious boost: more affordability, more buying power, and more opportunity. But those rates were a result of emergency economic policies during the height of a...

Newly Built Homes May Be Less Expensive Than You Think

Written by Destin FL Mortgage Mortgage Syndicated User on June 2, 2025. Posted in Affordability, Buying Tips, Destin FL Mortgage, First-Time Buyers, For Buyers, Home Prices, Mortgage Destin FL, New Construction.

Do you think a brand-new home means a bigger price tag? Think again.Right now, something unique is happening in the housing market. According to the Census and the National Association of Realtors (NAR), the median price of newly built homes is actually lower than the median price for existing homes (ones that have already been lived in):You read that right. That brand new, never-been-lived-in house may cost less than the one built 20 years ago in a neighborhood just down the street. So, if you wrote off a new build because you assumed they’d be financially out of reach, here’s what you...

Is It Better To Rent or Buy a Home?

Written by Destin FL Mortgage Mortgage Syndicated User on May 29, 2025. Posted in Destin FL Mortgage, First-Time Buyers, For Buyers, Mortgage Destin FL, Rent vs. Buy.

You’ve probably asked yourself lately: Is it even worth trying to buy a home right now?With high home prices and stubborn mortgage rates, renting can seem like the safer choice right now. Or maybe your only choice. That’s a very real feeling. And perhaps buying today isn’t your best move; it’s not for everyone right away. You should only buy a home when you’re ready and able to do it, and if the timing is right for you.But here’s the thing you need to know about renting.While it may feel like a safer bet today – and in some areas might even be less expensive month-to-month than owning – it...

Many Veterans Don’t Know about This VA Home Loan Benefit

Written by Destin FL Mortgage Mortgage Syndicated User on May 27, 2025. Posted in Destin FL Mortgage, First-Time Buyers, For Buyers, Mortgage Destin FL.

For 80 years, Veterans Affairs (VA) home loans have helped countless Veterans buy a home. But even though a lot of Veterans have access to this powerful program, the majority don’t know about one of its core benefits.According to a report from Veterans United only 3 in 10 Veterans are aware they may be able to buy a home with no down payment with a VA loan (see visual below):That means 7 out of every 10 Veterans could be missing out on a key homebuying advantage.That’s why it’s so important for Veterans, and anyone who cares about a Veteran, to be aware of this program. As Veterans...

Common Real Estate Terms Explained

Written by Destin FL Mortgage Mortgage Syndicated User on May 26, 2025. Posted in Agent Value, Buying Tips, Destin FL Mortgage, First-Time Buyers, For Buyers, Mortgage Destin FL.

If you’re a first-time homebuyer, chances are you’ll come across some terms you’re not familiar with. And that can be overwhelming, especially while going through one of the biggest purchases of your life. The good news is you don’t need to be an expert on real estate jargon. That’s your agent’s job. But getting to know these basic terms will help you feel a lot more confident throughout the process.Terms Every Homebuyer Should KnowOnce you’re familiar with this terminology, you’ll have a better understanding of important details – from contracts to negotiations. So, when those...

What Buyers Need To Know About Homeowners Association Fees

Written by Destin FL Mortgage Mortgage Syndicated User on May 20, 2025. Posted in Buying Tips, Destin FL Mortgage, First-Time Buyers, For Buyers, Mortgage Destin FL.

When buying a home, you’re probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees. While you won’t necessarily have these, you should know it’s a possibility, depending on where you decide to live.A homeowners association is basically an organization that oversees a housing community (including shared spaces) and sets and enforces rules for things like upkeep. Some buyers love the perks that come with an HOA, others may see the fees as an extra expense. The key is knowing...

Don’t Let Student Loans Hold You Back from Homeownership

Written by Destin FL Mortgage Mortgage Syndicated User on May 14, 2025. Posted in Buying Tips, Destin FL Mortgage, First-Time Buyers, For Buyers, Mortgage Destin FL.

Did you know? According to a recent study, 72% of people with student loans think their debt will delay their ability to buy a home. Maybe you’re one of them and you’re wondering:Do you have to wait until you’ve paid off those loans before you can buy your first home?Or is it possible you could still qualify for a home loan even with that debt?Having questions like these is normal, especially when you’re thinking about making such a big purchase. But you should know, you may be putting your homeownership goals on the backburner unnecessarily.Can You Qualify for a Home Loan if You Have...

The 20% Down Payment Myth, Debunked

Written by Destin FL Mortgage Mortgage Syndicated User on May 5, 2025. Posted in Affordability, Buying Tips, Destin FL Mortgage, First-Time Buyers, For Buyers, Mortgage Destin FL.

Saving up to buy a home can feel a little intimidating, especially right now. And for many first-time buyers, the idea that you have to put 20% down can feel like a major roadblock.But that’s actually a common misconception. Here’s the truth.Do You Really Have To Put 20% Down When You Buy a Home?Unless your specific loan type or lender requires it, odds are you won’t have to put 20% down. There are loan options out there designed to help first-time buyers like you get in the door with a much smaller down payment.For example, FHA loans offer down payments as low as 3.5%, while VA and USDA...

Category: First-Time Buyers