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Category: First Time Home Buyers

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

Written by The Villages FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing, The Villages FL, The Villages 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.

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The Three Factors Affecting Home Affordability Today

Written by The Villages FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, The Villages FL, The Villages 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...

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What You Should Know About Rising Mortgage Rates

Written by The Villages FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, The Villages FL, The Villages 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.

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Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Written by The Villages FL Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, The Villages FL, The Villages FL Mortgage.

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer. Don’t Make Any Large Purchases It’s not just home-related purchases that could disqualify you from...

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Taking the Fear out of Saving for a Home

Written by The Villages FL Mortgage Syndicated User on . Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, The Villages FL, The Villages 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...

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Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]

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

Some Highlights Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search. Any major life change can be scary, and buying a home is no different. Let’s connect so you have an advisor by your side to take fear out of the equation. Content previously posted on Keeping Current Matters

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Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Written by The Villages FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Infographics, Rent vs. Buy, The Villages FL, The Villages FL Mortgage.

Some Highlights If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers. Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

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