Why Buyers Need an Expert Agent by Their Side

Written by Destin FL Mortgage Mortgage Syndicated User on May 22, 2023. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Move-Up Buyers.

The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up as buyers compete over the available homes.Navigating all of this can be daunting if you’re trying to do it alone. That’s why having a skilled expert to guide you through the homebuying process is essential, especially today. Bankrate shares this perspective: “Advice and guidance from a professional real estate agent...

Homeowners Have Incredible Equity To Leverage Right Now

Written by Destin FL Mortgage Mortgage Syndicated User on May 15, 2023. Posted in Destin FL Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers.

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time:“Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”How Your Equity Can Help You Achieve Your GoalsThe equity you build up over the years can be used to your advantage when you sell...

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on April 28, 2023. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Mortgage Destin FL, Move-Up Buyers, Pricing.

Some HighlightsWith so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.

The Three Factors Affecting Home Affordability Today

Written by Destin FL Mortgage Mortgage Syndicated User on April 26, 2023. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Destin FL, Move-Up Buyers, Pricing.

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.1. Mortgage RatesWhile mortgage rates are higher than they were a year ago, they’ve hovered primarily between...

The Power of Pre-Approval

Written by Destin FL Mortgage Mortgage Syndicated User on April 24, 2023. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Move-Up Buyers.

If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to find the right house and act quickly when you go to put in an offer. One thing you can do to help you prepare is to get pre-approved.To understand why it’s such an important step, you need to know what pre-approval is. As part of the process, a lender looks at your finances to determine what they’d be willing to loan you. From there,...

Why You May Want an Energy-Efficient Home [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on April 21, 2023. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Destin FL, Move-Up Buyers.

Some HighlightsSince inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home.Energy prices have increased over the last year, so look for energy-efficient features in your home search.If you’re looking to buy a home this year, work with a real estate expert so you have a partner to help you consider which features are most important to you.

Think Twice Before Waiting for Lower Home Prices

Written by Destin FL Mortgage Mortgage Syndicated User on April 17, 2023. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Mortgage Destin FL, Move-Up Buyers, Pricing.

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data...

Your Tax Refund Can Help You Achieve Your Homebuying Goals

Written by Destin FL Mortgage Mortgage Syndicated User on April 12, 2023. Posted in Buying Myths, Destin FL Mortgage, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers.

Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state:According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year and thinking about buying a home, here are a few tips to keep:Saving...

Trying To Buy a Home? Hang in There.

Written by Destin FL Mortgage Mortgage Syndicated User on April 6, 2023. Posted in Buying Myths, Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Move-Up Buyers, Pricing.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments...

Facts About Closing Costs [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on March 31, 2023. Posted in Buying Myths, Destin FL Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Destin FL, Move-Up Buyers.

Category: Move-Up Buyers