Why Pre-Approval Is a Game Changer for Homebuyers

Written by Siesta Key Mortgage Syndicated User on July 19, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways. To better understand why, it’s important to know what pre-approval is. Freddie Mac defines the process like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money...

Should I Rent or Should I Buy? [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on July 15, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Siesta Key, Rent vs. Buy, Siesta Key Mortgage.

Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you want to learn more about the benefits of homeownership, let’s connect today. Content previously posted on Keeping Current Matters

Housing Experts Say This Isn’t a Bubble

Written by Siesta Key Mortgage Syndicated User on July 14, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Siesta Key, Siesta Key Mortgage.

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is not a bubble ready to pop. Today Is Nothing Like 2008 The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says: “This is not the same market of 2008....

Should I Buy a Home Right Now?

Written by Siesta Key Mortgage Syndicated User on July 13, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Siesta Key, Move-Up Buyers, Pricing, Siesta Key Mortgage.

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue...

Expert Housing Market Forecasts for the Second Half of the Year

Written by Siesta Key Mortgage Syndicated User on July 12, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Pricing, Siesta Key Mortgage.

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate. Where Mortgage Rates Will Go Depends on Inflation While one of the big questions on all buyers’ minds is where will mortgage rates go in the months ahead, no one has a crystal ball to know exactly what’ll happen in the future. What housing market experts know...

The Drop in Mortgage Rates Brings Good News for Homebuyers

Written by Siesta Key Mortgage Syndicated User on July 11, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: “According...

What Does an Economic Slowdown Mean for the Housing Market?

Written by Siesta Key Mortgage Syndicated User on July 7, 2022. Posted in For Buyers, Housing Market Updates, Interest Rates, Mortgage Siesta Key, Siesta Key Mortgage.

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices in the past, but how could this...

Is Homeownership Still the American Dream?

Written by Siesta Key Mortgage Syndicated User on July 5, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Siesta Key, Siesta Key Mortgage.

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of. A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today (see graph...

Real Estate Consistently Voted Best Investment [INFOGRAPHIC]

Written by Siesta Key Mortgage Syndicated User on July 1, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Mortgage Siesta Key, Move-Up Buyers, Siesta Key Mortgage.

Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time. If you’re ready to buy a home and invest in your future, let’s connect. Content previously posted on Keeping Current Matters

Homeownership Could Be in Reach with Down Payment Assistance Programs

Written by Siesta Key Mortgage Syndicated User on June 29, 2022. Posted in Buying Myths, Down Payments, For Buyers, Mortgage Siesta Key, Siesta Key Mortgage.

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your homeownership goals. The key is understanding where to look and learning what options are available. Here’s some information that can help you. You Can Qualify Even if You’ve Purchased a Home Before There are several misconceptions about...

Category: For Buyers