Florida Mortgage | Why Pre Approval Is Key This Year

Written by Sunny Isles Beach Mortgage Syndicated User on February 4, 2022. Posted in Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Florida Mortgage | Why Pre Approval Is Key This Year Pre-approval gives you a competitive edge when you make an offer on a house. Let’s connect so you’re in the best position when you find your dream home. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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

Written by Sunny Isles Beach Mortgage Syndicated User on February 3, 2022. Posted in First Time Home Buyers, For Buyers, Interest Rates, Mortgage Sunny Isles Beach, Move-Up Buyers, Sunny Isles Beach Beach Mortgage.

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 mortgage...

Why a Move Could Bring You More Happiness This Year

Written by Sunny Isles Beach Mortgage Syndicated User on February 2, 2022. Posted in For Buyers, For Sellers, Mortgage Sunny Isles Beach, Move-Up Buyers, Sunny Isles Beach Beach Mortgage.

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 Sunny Isles Beach Mortgage Syndicated User on February 1, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Sunny Isles Beach, Pricing, Rent vs. Buy, Sunny Isles Beach Beach Mortgage.

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 portion...

Why Your Home Inspection Matters [INFOGRAPHIC]

Written by Sunny Isles Beach Mortgage Syndicated User on January 29, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Sunny Isles Beach, Move-Up Buyers, Sunny Isles Beach Beach Mortgage.

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

Florida Mortgage | No Matter What the Groundhog Says You Should Sell Before the Spring!

Written by Sunny Isles Beach Mortgage Syndicated User on January 28, 2022. Posted in Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Florida Mortgage Experts | No Matter What the Groundhog Says, You Should Sell Before the Spring! Buyers are looking for homes right now, and with today’s record-low inventory, the chance of your house getting noticed is high. Let’s connect today so you get all the benefits that come with listing your house before spring. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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

Written by Sunny Isles Beach Mortgage Syndicated User on January 28, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

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 for...

Are You a Homeowner Thinking About Climate Change?

Written by Sunny Isles Beach Mortgage Syndicated User on January 27, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Sunny Isles Beach, Move-Up Buyers, Sunny Isles Beach Beach Mortgage.

Americans are more aware than ever of the effects climate change and natural disasters can have on their homes. According to a report from realtor.com: “More than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .” The study also found that many existing homeowners (34%) have already considered selling their houses and moving to a new location because of the changing climate. If you’re like those homeowners and are weighing your options about what to do next, here’s some information to keep in mind as you begin the process of...

The Next Generation of Homebuyers Is Here

Written by Sunny Isles Beach Mortgage Syndicated User on January 26, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Mortgage Sunny Isles Beach, Sunny Isles Beach Beach Mortgage.

Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off on your journey and plan your next move, here are a few reasons to think about homebuying this year. The Reasons Gen Z Want To Become Homeowners While the majority of Gen Z haven’t entered the housing market yet, a large portion plan to according to a realtor.com report. The report...

Why Pre-Approval Is Key for Homebuyers in 2022

Written by Sunny Isles Beach Mortgage Syndicated User on January 25, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Sunny Isles Beach, Move-Up Buyers, Sunny Isles Beach Beach Mortgage.

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making an offer. Here’s why. Being intentional and competitive are musts when buying a home this year. 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. Just as important, being able to present a pre-approval letter...

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