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

Written by Treasure Island FL Mortgage Syndicated User on May 1, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Interest Rates, Mortgage Treasure Island FL, Move-Up Buyers, Pricing, Treasure Island FL Mortgage.

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 Treasure Island FL Mortgage Syndicated User on May 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Treasure Island FL, Move-Up Buyers, Pricing, Treasure Island FL Mortgage.

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...

Facts About Closing Costs [INFOGRAPHIC]

Written by Treasure Island FL Mortgage Syndicated User on April 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

What You Should Know About Rising Mortgage Rates

Written by Treasure Island FL Mortgage Syndicated User on March 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

One Major Benefit of Investing in a Home

Written by Treasure Island FL Mortgage Syndicated User on March 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Written by Treasure Island FL Mortgage Syndicated User on February 1, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Where Will You Go If You Sell? You Have Options.

Written by Treasure Island FL Mortgage Syndicated User on February 1, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Move-Up Buyers, New Construction, Treasure Island FL Mortgage.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

Written by Treasure Island FL Mortgage Syndicated User on February 1, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Treasure Island FL, Move-Up Buyers, Pricing, Treasure Island FL Mortgage.

3 Ways You Can Use Your Home Equity

Written by Treasure Island FL Mortgage Syndicated User on December 1, 2022. Posted in For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand...

Taking the Fear out of Saving for a Home

Written by Treasure Island FL Mortgage Syndicated User on November 1, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real estate professionals. They can help you plan your finances and prepare your budget. Here are just a few costs experts say you can expect. 1. Down Payment Saving for your down payment is likely top of mind as you set out to buy a home. But do you know how much you’ll need to save? While each situation is different, there’s a common...

Category: Move-Up Buyers