The Path To Homeownership Can Be Steeper for Some Americans

Written by Destin FL Mortgage Mortgage Syndicated User on February 9, 2022. Posted in Demographics, Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL.

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts can make all the difference for diverse homebuyers. We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the...

Don’t Let Student Loans Delay Your Homeownership Dreams

Written by Destin FL Mortgage Mortgage Syndicated User on February 8, 2022. Posted in Buying Myths, Destin FL Mortgage, Down Payments, First Time Home Buyers, For Buyers, Mortgage Destin FL.

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt? To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize. Do you have to delay your plans because of student...

Consumers Agree: It’s a Good Time To Sell

Written by Destin FL Mortgage Mortgage Syndicated User on February 7, 2022. Posted in Destin FL Mortgage, For Sellers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers.

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move. However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell. Looking back over the past few years, its clear consumers are incredibly optimistic today. The graph...

How Remote Work Impacts Your Home Search [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on February 4, 2022. Posted in Destin FL Mortgage, For Buyers, Infographics, Mortgage Destin FL.

Some Highlights If your workplace is delaying its return to office plans or is allowing permanent work from home options, that may open up new possibilities for your home search. Ongoing remote work could give you the chance for a change in scenery, a move to an area with a lower cost of living, or finding a home with more home office space. If you want to learn more about how remote work can give you more options, let’s connect to discuss your situation and priorities for your home search. Content previously posted on Keeping Current Matters

Millions of Americans Have Discovered the Benefits of Multigenerational Households

Written by Destin FL Mortgage Mortgage Syndicated User on February 3, 2022. Posted in Demographics, Destin FL Mortgage, For Buyers, Mortgage Destin FL.

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you. Many people have found themselves in a similar situation and they’ve already made the choice to live in a multigenerational home. What Is a Multigenerational Home? The Pew Research Center defines a...

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

Written by Destin FL Mortgage Mortgage Syndicated User on February 2, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Destin FL, Move-Up Buyers.

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To give you an idea of how rising mortgage rates impact your purchasing power, see the table below: How Can You Know Where Mortgage Rates Are Headed? While it’s always difficult to know exactly where...

Why a Move Could Bring You More Happiness This Year

Written by Destin FL Mortgage Mortgage Syndicated User on February 1, 2022. Posted in Destin FL Mortgage, For Buyers, For Sellers, Mortgage Destin FL, Move-Up Buyers.

Over the past two years, we’ve lived through one of the most stressful periods in recent history. Because of the health crisis, many of us have spent more time at home and that’s led us to re-evaluate both what we need in a house and how much we appreciate having a safe space. If you’ve found your current home isn’t filling all your needs, you may be wondering if it’s time to find a new one. There’s reason to believe a change of scenery could boost your happiness. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new...

Owning Is More Affordable than Renting in the Majority of the Country

Written by Destin FL Mortgage Mortgage Syndicated User on January 31, 2022. Posted in Buying Myths, Destin FL Mortgage, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Destin FL, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller...

Why Your Home Inspection Matters [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on January 28, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Destin FL, Move-Up Buyers.

Some Highlights Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road. Let’s connect so you have expert advice and a trusted professional who will keep your interests top of mind. Content previously posted on Keeping Current Matters

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

Written by Destin FL Mortgage Mortgage Syndicated User on January 27, 2022. Posted in Destin FL Mortgage, For Sellers, Housing Market Updates, Mortgage Destin FL.

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why. Demand Is Very Strong According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist...

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