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Real Estate Continues To Be the Best Investment [INFOGRAPHIC]

Written by Hallandale Beach Mortgage Syndicated User on July 22, 2023. Posted in First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Housing Market Updates, Infographics, Move-Up Buyers.

Some HighlightsAccording to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value as time goes on.Connect with a local real estate agent if you’re ready to buy a home and invest in your future.

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Owning Your Home Helps You Build Wealth

Written by Hallandale Beach Mortgage Syndicated User on July 20, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Rent vs. Buy.

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.Homeownership Builds Wealth Regardless of Income LevelYou may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below):What makes wealth so much higher for homeowners? A...

Two Questions To Ask Yourself if You’re Considering Buying a Home

Written by Hallandale Beach Mortgage Syndicated User on July 6, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Interest Rates, Move-Up Buyers, Pricing.

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. To help cut through the noise and give you the information you need most, take a look at what the data says. Here are the top two questions you need to ask yourself...

Americans Still View Homeownership as the American Dream

Written by Hallandale Beach Mortgage Syndicated User on July 4, 2023. Posted in First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Housing Market Updates.

Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide.A recent survey from Bankrate asked respondents which achievements they feel most embody the American Dream. The responses prove owning a home is still important to so many Americans today (see graph below):As the graph shows, homeownership ranks above other significant milestones, including retirement, having a successful career, and earning a college degree.A recent report from MYND...

Evaluating Your Wants and Needs as a Homebuyer Matters More Today

When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking a close look at their wish list and re-evaluating what features they really need in their next home to avoid overextending. As a recent NerdWallet article says:“A pool, for example, may be nice to have, but it may not provide as much day-to-day value as a garage or a space for a home office . . .”While that pool may be...

Why Homeownership Wins in the Long Run

Written by Hallandale Beach Mortgage Syndicated User on June 28, 2023. Posted in First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Pricing, Rent vs. Buy.

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision.Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows your...

Homeownership Helps Protect You from Inflation [INFOGRAPHIC]

Written by Hallandale Beach Mortgage Syndicated User on June 23, 2023. Posted in First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Infographics, Rent vs. Buy.

Some HighlightsWondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady.Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties within the next 12 months.Especially when inflation is up, having a stable housing payment can be helpful. Connect with a local real estate agent so you can learn more and start your journey to owning a home today.

What Homebuyers Need To Know About Credit Scores

If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a factor that helps determine your mortgage rate. An article from Bankrate explains: “Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better...

Saving for a Down Payment? Here’s What You Need To Know.

Written by Hallandale Beach Mortgage Syndicated User on June 19, 2023. Posted in Down Payments, First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Move-Up Buyers.

If you’re planning to buy your first home, then you’re probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how much you need to save for that, it may be because you believe you must put 20% down. That doesn’t necessarily have to be the case. As the National Association of Realtors (NAR) notes:“One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership.”And a recent...

How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC]

Written by Hallandale Beach Mortgage Syndicated User on June 17, 2023. Posted in First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Infographics, Move-Up Buyers, Pricing.

Some HighlightsIf you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years.That means your net worth can grow significantly in the long term when you own a home. Reach out to a real estate professional so you can start your homebuying journey today.

Category: First Time Home Buyers