Tips for Single Homebuyers: How To Make Your Dream a Reality

Written by Miami Condo Financing Syndicated User on December 2, 2021. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages.

If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person, and that number is growing. Over the past 40 years, the number of sole-person households has nearly doubled, and that’s a trend that’s expected to continue. According to Freddie Mac: “Our calculation suggests that there will be an additional 5 million sole-person households in the United States by the next decade. This means 42% of the household growth...

How To Think Strategically as a Buyer in Today’s Market

Written by Miami Condo Financing Syndicated User on December 2, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search. Pre-Approval: the Best Opening Play To Make as a Homebuyer It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting...

How Smart Buyers Are Approaching Rising Mortgage Rates

Written by Miami Condo Financing Syndicated User on December 2, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. Taking Time Off Can Be Costly Mortgage rates play a significant role in your home search. As rates go up, your monthly...

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