Save $25/Day, Buy a Home in Jacksonville

Saving for a down payment can be hard, but planning ahead makes it easier. In Jacksonville, Florida, the median home price is $302K. A 15% down payment on a home in Jacksonville, Florida would be $45,321. To save for this down payment in 5-yr, you would need to save $9,064/yr. To achieve this annual savings…

Improve your credit by making on-time debt payments and reducing credit utilization. Lower your DTI by paying off loans or reducing high credit card balances.

NAR Settlement - Agency Information and Closing Costs

There are a lot of questions regarding the NAR Settlement and real estate commissions, so I wanted to provide some of the information previously sent out to you again and allow you to have it all in one place. Additionally, this email provides information about what the agencies consider to be closing costs (see way below). Please…

Becoming a homeowner is a common financial goal for many Americans, but economic challenges like student loans and high home prices make it difficult. To determine if you're ready to buy a house, check your credit score, get preapproved for a mortgage, and ensure your mortgage payments don't exceed 30% of your income. Plan to…

When buying a home, it's important to have a lender. Finding a lender first can help determine your budget constraints. It also provides a better idea of monthly payments and down payment expectations. Preapproval from a lender shows how much they are likely to loan you.

Mortgage rates have been high due to inflation and Fed policies but have recently slightly decreased. Mortgage rates might fall consistently in August, making it a key time for homebuyers.

High mortgage rates and elevated home prices have made homeownership challenging in 2024. Mortgage rates have slightly dropped recently and may continue to decline modestly by year-end.

Experts agree it's unlikely mortgage rates will drop to 3% soon due to high inflation. Current high inflation drives up interest rates, making 3% mortgages unlikely in the near future.

GENERAL – ABOUT THE SETTLEMENT What is the NAR Settlement? On March 15, 2024, the National Association of Realtors (NAR) reached an agreement with plaintiffs that would endlitigation of claims brought on behalf of home sellers related to broker commissions. On April 24, 2024, the courtgranted preliminary approval of the settlement. The settlement is still…

Experts foresee a robust market for the remaining of 2024, fueled by ongoing population and business expansion. Even with increasing inventory, the market remains favorable for sellers, with strong demand supporting stable prices.