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Category: Downsize

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Why So Many Homeowners Are Downsizing Right Now

Written by The Villages FL Mortgage Syndicated User on . Posted in Downsize, Equity, For Sellers, Senior Market, The Villages FL, The Villages FL Mortgage.

For a growing number of homeowners, retirement isn’t some distant idea anymore. It’s starting to feel very real.According to Realtor.com and the Census, nearly 12,000 people will turn 65 every day for the next two years. And the latest data shows as many as 15% of those older Americans are planning to retire in 2026. And another 23% will do the same in 2027.If you’re considering retiring soon too, here’s what you should be thinking about.Why Downsize? Now’s the perfect time to reflect on what you want your life to look like in retirement. Because even though your finances will be...

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Why So Many People Are Thankful They Bought a Home This Year

Written by The Villages FL Mortgage Syndicated User on . Posted in Downsize, First-Time Buyers, For Buyers, Move-Up, The Villages FL, The Villages FL Mortgage.

Homebuyers are weighing their options right now, and they certainly have a lot on their minds. With everything going on in the job market, the economy, and more – there’s a lot to think about these days. And maybe that’s making you wonder if it really makes sense to buy a home right now.But here’s what many recent buyers would tell you: even with all that, making a move is worth it. And this is why they’re thankful they went ahead and took the plunge already. Life doesn’t wait for better market conditions. So, your decision shouldn’t be about trying to time the market...

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Why You Don’t Need To Be Afraid of Today’s Mortgage Rates

Written by The Villages FL Mortgage Syndicated User on . Posted in Buying Tips, Downsize, First-Time Buyers, For Buyers, For Sellers, Mortgage Rates, Move-Up, The Villages FL, The Villages FL Mortgage.

Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.The Magic NumberAccording to the National Association of Realtors (NAR):“. . . a 30-year fixed rate mortgage of 6% would make the median-priced home affordable for about 5.5 million more households—including 1.6 million renters. If rates were to hit that magic number, it’s likely that about 10%—or 550,000—of those additional households would buy a home...

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Downsizing Without Debt: How More Homeowners Are Buying Their Next House in Cash

Written by The Villages FL Mortgage Syndicated User on . Posted in Downsize, Equity, For Sellers, Selling Tips, The Villages FL, The Villages FL Mortgage.

If you’ve been thinking about downsizing to lower your expenses, be closer to family, or just make life easier, here’s a trend worth paying attention to:More homeowners are buying their next house outright, without taking on a new mortgage. And, if you’ve owned your home for a while, you may be able to do the same. No mortgage. No monthly housing payments.A Record Share of Homeowners Are Mortgage-FreeAccording to analysis from ResiClub of Census data, more than 40% of U.S. owner-occupied homes are mortgage-free – an all-time high for this data series. That means 4 in 10 homeowners own...

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