Two Resources That Can Help You Buy a Home Right Now

Written by Treasure Island FL Mortgage Syndicated User on February 1, 2025. Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here’s the thing. With the right resources and help, you can still make it happen.There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect. Let’s explore just two of the solutions that could help get you into your first home no matter the market.1. FHA LoansIf your down payment savings...

Buying Beats Renting in 22 Major U.S. Cities

Written by Treasure Island FL Mortgage Syndicated User on October 1, 2024. Posted in Affordability, For Buyers, Home Prices, Inventory, Mortgage Rates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area...

Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]

Written by Treasure Island FL Mortgage Syndicated User on May 1, 2024. Posted in Affordability, Equity, Infographics, Mortgage Treasure Island FL, Move-Up, Treasure Island FL Mortgage.

Some HighlightsDid you know the equity you have in your current house can help make your move possible?Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer. The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a local real estate agent for a Professional Equity Assessment Report.