For Buyers | | Page 44 of 44 | Davenport FL Mortgages

Think Twice Before Waiting for Lower Home Prices

Written by Davenport FL Mortgage Syndicated User on April 18, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers, Pricing.

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent...

Your Tax Refund Can Help You Achieve Your Homebuying Goals

Written by Davenport FL Mortgage Syndicated User on April 14, 2023. Posted in Buying Myths, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers.

Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state:According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year and thinking about buying a home, here are a few tips to...

Trying To Buy a Home? Hang in There.

Written by Davenport FL Mortgage Syndicated User on April 14, 2023. Posted in Buying Myths, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing...

The Key Advantage of Investing in a Home [INFOGRAPHIC]

Written by Davenport FL Mortgage Syndicated User on April 14, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Infographics, Pricing.

Why Aren’t Home Prices Crashing?

Written by Davenport FL Mortgage Syndicated User on April 14, 2023. Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, For Sellers, Housing Market Updates.

There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:“[H]ome...

How Changing Mortgage Rates Can Affect You

Written by Davenport FL Mortgage Syndicated User on April 14, 2023. Posted in Buying Myths, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, Interest Rates.

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment:Even a 0.5% change can have a big impact on your monthly payment. And since rates have been moving between 6% and 7% for a while now, you can see how it impacts your purchasing power as rates go down.What This Means for YouYou may be...

Category: For Buyers