One Major Benefit of Investing in a Home
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:
Category: First Time Home Buyers
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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...
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...
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
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
Why You Should Consider Condos as Part of Your Home Search
Written by The Villages FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, The Villages FL, The Villages FL Mortgage.
The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search.
The inventory of homes for sale has increased this year, and that’s giving buyers much needed options. As Danielle Hale, Chief Economist at realtor.com, says:
“. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.”
But perspective is important....
Buyers: You May Face Less Competition as Bidding Wars Ease
Written by The Villages FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, The Villages FL, The Villages FL Mortgage.
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been outbid on several homes along the way.
But here’s the news you’ve been waiting for: data shows clear signs bidding wars are easing this year.
According to the National Association of Realtors...
Three Reasons To Buy a Home in Today’s Shifting Market [INFOGRAPHIC]
Written by The Villages FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers, The Villages FL, The Villages FL Mortgage.
Some Highlights
The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home.
Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price.
If you’re ready to buy a home, now may be the moment you’ve been waiting for. Let’s connect to start the homebuying process today.
Content previously posted on Keeping Current Matters
Want To Buy a Home? Now May Be the Time.
Written by The Villages FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Move-Up Buyers, The Villages FL, The Villages FL Mortgage.
There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic.
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you:
“This is an opportunity for people with a secure job to jump into the market, when other people are a...