What You Should Know About Closing Costs

Written by Palm Bay FL Mortgage Syndicated User on February 14, 2023. Posted in First Time Home Buyers, For Buyers, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for.

How To Win as a Buyer in Today’s Housing Market [INFOGRAPHIC]

Written by Palm Bay FL Mortgage Syndicated User on February 11, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

How Experts Can Help Close the Gap in Today’s Homeownership Rate

Written by Palm Bay FL Mortgage Syndicated User on February 8, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts.

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

Written by Palm Bay FL Mortgage Syndicated User on February 8, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

Written by Palm Bay FL Mortgage Syndicated User on January 28, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates, Pricing.

Why It Makes Sense To Move Before Spring

Written by Palm Bay FL Mortgage Syndicated User on January 27, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

The 3 Factors That Affect Home Affordability

Written by Palm Bay FL Mortgage Syndicated User on January 25, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates, Pricing.

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

Think Twice Before Waiting for 3% Mortgage Rates

Written by Palm Bay FL Mortgage Syndicated User on January 18, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Written by Palm Bay FL Mortgage Syndicated User on January 14, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

What Are Your Goals in the Housing Market This Year?

Written by Palm Bay FL Mortgage Syndicated User on January 3, 2023. Posted in First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That’s why it’s critical to have a clear understanding of not just the market today, but also what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in this...

Category: First Time Home Buyers