Don’t Let Student Loans Delay Your Homeownership Dreams

Written by Pompano Beach Mortgage Syndicated User on February 9, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt? To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize. Do you have to delay your plans because of student loans? If...

How To Hit Your Homebuying Goals This Year [INFOGRAPHIC]

Written by Pompano Beach Mortgage Syndicated User on January 8, 2022. Posted in Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Some Highlights If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals. It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and get pre-approved so you know how much you can borrow. Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year. Content previously posted on Keeping Current Matters

How Much Do You Need for Your Down Payment?

Written by Pompano Beach Mortgage Syndicated User on January 7, 2022. 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...