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Author: Pompano Beach Mortgage Syndicated User

How Much Do You Need for Your Down Payment?

Written by Pompano Beach Mortgage Syndicated User on . Posted in Buying Myths, Down Payments, For Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have set your goal based on a common misconception. Freddie Mac says: “The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.” Unless specified by your loan type or lender, it’s typically not required to put 20% down. According to the Profile of Home Buyers and Sellers from the National...

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Florida Mortgage | How Supply and Demand Can Tip the Pricing Scales in Todays Market

Written by Pompano Beach Mortgage Syndicated User on . Posted in Pompano Beach Condo Financing, Pompano Beach Mortgage.

Florida Mortgage | How Supply and Demand Can Tip the Pricing Scales in Today’s Market | In today’s housing market, an imbalance between supply and demand is driving up home prices. Let’s connect to discuss how you can tip the scales in your favor as a homebuyer. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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Why Selling Your House with a Real Estate Professional Is Essential

Written by Pompano Beach Mortgage Syndicated User on . Posted in For Sellers, FSBOs, Pompano Beach Condo Financing, Pompano Beach Mortgage, Selling Myths.

Selling your house is no simple task. And when you sell on your own – known as a FSBO (or For Sale by Owner) – you’re responsible for handling some of the more difficult aspects of the process without the expert guidance you need. The 2021 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) surveys homeowners who recently sold their house on their own and asks what difficulties they faced. Those sellers say some of the biggest headaches are prepping their house for sale, pricing it right, and handling the required paperwork. Working with an agent is the best way...

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Expert Insights on the 2022 Housing Market

Written by Pompano Beach Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pompano Beach Condo Financing, Pompano Beach Mortgage, Pricing.

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.” Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge...

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