| Page 6 of 6 | Hallandale Beach Mortgage | Hallandale Beach Mortgage Rates

Evaluating Your Wants and Needs as a Homebuyer Matters More Today

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, Move-Up Buyers.

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...

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Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.

Written by Hallandale Beach Mortgage Syndicated User on June 30, 2023. Posted in For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Move-Up Buyers, New Construction.

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You’re not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.That means when you go to put your house on the market this summer, considering newly built homes is crucial for expanding the options you’ll have for your next move.Near-Record Percentage of New Home InventoryNewly built homes today make up a near-record percentage of the total number...

What Homebuyers Need To Know About Credit Scores

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, Move-Up Buyers.

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.

A Drop in Equity Doesn’t Mean Low Equity

Written by Hallandale Beach Mortgage Syndicated User on June 14, 2023. Posted in For Buyers, For Sellers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Housing Market Updates, Move-Up Buyers, Pricing.

You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently. Home prices rose rapidly during the ‘unicorn’ years. That gave homeowners a considerable equity boost. But those ‘unicorn’ years couldn’t last forever. The market had to moderate at some point, and that’s what we saw last fall and winter. As home prices dropped slightly in the back half of 2022,...

Your Needs Matter More Than Today’s Mortgage Rates

If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a change in the first place.It’s true mortgage rates have climbed from the record lows we saw in recent years, and that has an impact on affordability. With rates where they are right now, some homeowners are deciding they’ll wait to sell because they don’t want to move and have a higher mortgage rate on their next...

Are Home Prices Going Up or Down? That Depends…

Written by Hallandale Beach Mortgage Syndicated User on June 14, 2023. Posted in First Time Home Buyers, For Buyers, Hallandale Beach Condo Mortgages, Hallandale Beach Mortgage, Hallandale Beach Mortgage Rates, Housing Market Updates, Move-Up Buyers, Pricing.

Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). Here’s an explanation of each. Year-over-Year (Y-O-Y):This comparison measures the change in home prices from the same month or quarter in the previous year. For example, if you’re comparing Y-O-Y home prices for April 2023, you would compare...

Real Estate Is Still Considered the Best Long-Term Investment

With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph below):If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision.Why Do Americans Still Feel...

Category: Move-Up Buyers