The average American has thousands of dollars of credit card debt. As a whole, Americans hold a record $1.14 trillion in credit card debt as of the second quarter of this year, according to the Federal Reserve Bank of New York’s August report. Individually, they carry an average balance of around $6,330, per TransUnion data. That’s up from $5,947 at…

The plan is proving popular on both sides – but what does it mean for the US real estate market? This month, Democratic presidential nominee Vice President Kamala Harris promised to provide first-time homebuyers with a $25,000 deposit to cover the downpayment on a house. According to Forbes, the support program will “provide working families that have…

Investment property mortgage rates are higher than standard rates due to perceived higher risk by lenders. Understanding how these rates differ from owner-occupied rates is crucial for maximizing investment returns.

The Federal Reserve is expected to cut rates on September 18, impacting mortgage interest rates. Mortgage interest rates may drop further after the Fed’s rate cut, presenting an opportunity for homebuyers.

Understanding the FL Bond Mortgage Program Buying a home for the first time can be a daunting experience. First-time homebuyers in Florida have a valuable resource available to them – the FL Bond Mortgage Program. Understanding the essentials of this program can help prospective homeowners make informed decisions and maximize their benefits. This guide will…

When diving into the realm of mortgage transactions, you might come across the term non-arms length mortgage transaction. But what exactly does it mean? Quite simply, a non-arms length mortgage transaction occurs when the buyer and the seller have a personal or business relationship. Here’s a closer look at the implications, examples, and considerations of…

Jacksonville is experiencing a buyer-friendly market with favorable trends for home purchasers. Increased housing inventory is providing more options and better negotiating power for buyers.

The Fed lowered the benchmark interest rate by 50 basis points, marking the first cut since the pandemic began. The key lending rate is now set between 4.75% and 5%, aiming to relieve economic pressure and support the job market.

Florida’s housing market is resilient, built on stringent lending, a robust economy, and steady population growth. Despite a 20% depreciation in older condos, newer units under 30 years old appreciated by 9% in 2024.

Optimal Buying Week: The week of September 29th – October 5th is ideal for purchasing a home in 2024. Significant Savings: Buyers could save over $14,000 on a median-priced home during this period.