Why mortgage rates are back up to nearly 7%
‘Recent volatility may persist as the market adjusts to each new piece of economic data,’ Realtor.com’s Hannah Jones says Bad news for home buyers: Mortgage rates are surging again as the financial markets weigh incoming economic data showing strength in the U.S. economy, as well as the possible outcome of the upcoming presidential election, experts…
Read MoreShould I Wait to Purchase a Home Until After the Election?
With every election cycle, potential home buyers often face the question: should I wait to purchase a home until after the election? The uncertainty and economic changes that accompany elections can make this a challenging decision. This blog explores the potential impacts of election outcomes on the housing market and offers practical advice on making…
Read MoreWhat Are Seller Concessions in Real Estate? | Check out our latest videos. Please follow us on
Seller concessions are agreements where the seller covers part of the buyer's closing costs to reduce upfront expenses. Buyers typically request concessions after home inspections reveal issues or for specific fees like appraisals.
Read MoreHome Prices Expected to Climb Before 2025 | Check out our latest videos. Please follow us on
A drop in interest rates will increase buyer demand, potentially driving home prices higher into 2025. Historical data suggests home prices and interest rates fluctuate but are expected to rise in the near future.
Read MoreAre real estate investment opportunities growing as rates fall?
Investor optimism has remained undimmed despite market volatility, says executive. 2024 may have been marked by turbulence in the housing and mortgage markets, but that’s done little to dim the appetite of investors eyeing up opportunity in real estate, according to a top lending professional. Nate Zielinski (pictured), senior partnerships coordinator at RCN Capital, told Mortgage Professional…
Read MoreRefinancing vs HELOC: Which One Fits Your Needs?
The increasing need for homeowners to access their home equity, whether for large expenses, debt consolidation, or home improvements, has led to a growing interest in financial strategies like refinancing and Home Equity Lines of Credit (HELOC). Choosing the right financial option based on individual needs and circumstances is crucial for financial stability and long-term…
Read MoreFANNIE MAE / FREDDIE MAC DIFFERENCES
Here are some guideline differences between Fannie and Freddie and a few of the differences between the two. ALIMONY PAYMENTS FANNIE – You may count the alimony payment as a monthly debt OR deduct from the income. FREDDIE – You must reduce the income by the amount of the alimony. APPRAISAL WAIVERS FANNIE allows on…
Read MoreHow Will Amendment 5 Affect Homeowners’ Exemptions? | Check out our latest videos. Please follow us on
Amendment 5 on the ballot aims to adjust homestead exemptions annually based on inflation rates in Florida. The amendment would increase the current $25,000 exemption according to the Consumer Price Index or inflation.
Read MorePAYOFF STUDENT LOANS AS RATE AND TERM MORTGAGE
The Federal government removed the “PAUSE” on student loan repayments back in October of 2023. No longer in forbearance, many borrowers have felt the pinch of additional monthly payments since then. This could negatively impact individuals squeezing them more financially. Let’s look at some student loans stats. There are currently $1.75 TRILLION (yes with a…
Read MoreOutdoor Upgrades That Pay Off: Expert Tips! | Check out our latest videos. Please follow us on
Land Clearing Benefits – Improves curb appeal – Easier upkeep with cleared land – Increases property value and usability Forestry Mulching Advantages – Cost-effective for clearing small vegetation – Preserves roots, reducing erosion risks – Creates a "park-like" backyard scene
Read More