The Perks of Putting 20% Down on a Home

Written by Miami Condo Financing Syndicated User on December 23, 2021. Posted in Down Payments, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 3.5%, it’s important to understand the many perks that come with a 20% down payment. Here are four reasons why putting 20% down may be a great option if it works within your budget. 1. Your Interest Rate May Be Lower A 20% down payment vs. a 3-5% down payment shows your lender you’re more financially stable and not a large...

Homebuyers: Be Ready To Act This Winter

Written by Miami Condo Financing Syndicated User on December 21, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply.” Here’s a look at each one. Mortgage Rates Projected To Rise in 2022 As a buyer, your interest rate directly impacts how much you’ll pay on your monthly mortgage when you purchase a home. Rates are beginning to rise, and experts...

2022 Housing Market Forecast [INFOGRAPHIC]

Written by Miami Condo Financing Syndicated User on December 18, 2021. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers, Pricing.

Some Highlights What does the coming year hold for the housing market? Here’s what experts project for 2022. Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. Let’s connect so you can make your best move in the new year. Content previously posted on Keeping Current Matters

Homebuyers Are Going on a Shopping Spree This Winter

Written by Miami Condo Financing Syndicated User on December 17, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

Black Friday and Cyber Monday are over, which means some shoppers have wrapped up their holiday buying. But there’s still a group of buyers that are very active this holiday season – homebuyers. Experts anticipate the real estate market will see a flurry of activity this winter, and that’s great news for today’s sellers. If you’re planning on listing your home, there’s no need to wait until the spring for better conditions – today’s real estate market is already heating up. Buyers Have Warmed Up to the Idea of Purchasing This Winter The past 18 months brought about significant lifestyle changes...

What Everyone Wants To Know: Will Home Prices Decline in 2022?

Written by Miami Condo Financing Syndicated User on December 16, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers, Pricing.

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are not projected to decline. Here’s why. With buyers still outweighing sellers, home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace. Why the continued increase? It’s the simple law of supply and demand. When there are fewer items on the market than there are...

Advice for First-Generation Homebuyers

Written by Miami Condo Financing Syndicated User on December 15, 2021. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Miami Condo Financing, Miami Condo Mortgages, Millennials.

The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and those closest to them, including their parents and future generations.” In other words, your dream of homeownership has far-reaching impacts. If...

If You Think the Housing Market Will Slow This Winter, Think Again.

Written by Miami Condo Financing Syndicated User on December 14, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Miami Condo Financing, Miami Condo Mortgages.

From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year. As we wrap up the fall season and move into the winter months, here’s a look at what several industry leaders have to say about the continued momentum in the current market, and what it means as we head into the early part of next year. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) “This...

A Happy Tail: Pets and the Homebuying Process [INFOGRAPHIC]

Written by Miami Condo Financing Syndicated User on December 11, 2021. Posted in For Buyers, Infographics, Miami Condo Financing, Miami Condo Mortgages.

Some Highlights It’s no secret that we love our furry friends – about 70% of U.S. households have pets. What may come as a surprise is how large a role they play in the homebuying process. Americans spend $1,163 a year on their pets, and nearly half of pet owners say they would move for better accommodations and amenities for their pets. If you’re thinking of adding a furry friend, or if you already have, let’s connect to discuss how you can find a home that meets all your pet’s needs. Content previously posted on Keeping Current Matters

Two Reasons Why Waiting To Buy a Home Will Cost You

Written by Miami Condo Financing Syndicated User on December 10, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers, Pricing.

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can ask yourself two simple questions: Where will home prices be a year from now? Where will mortgage rates be a year from now? Let’s shed some light on the answers to both of these questions. Where Will Home Prices Be a Year from Now? Three major housing industry entities are projecting...

Struggling To Find a Home To Buy? New Construction May Be an Option.

Written by Miami Condo Financing Syndicated User on December 9, 2021. Posted in For Buyers, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers, New Construction.

There’s no question that the financial benefits of selling a house are outstanding today. Now is truly a great time to list if you’re ready to make a change. But if you do sell your house right now, you may be wondering where you’ll go when you move. With so few homes available to buy right now, you might be considering building a new home as one of your options. But you may be unsure if that’s the way to go. Let’s compare the benefits of a newly built home versus moving into an existing one, and why working with a real estate agent throughout the process is mission-critical to your success...

Category: For Buyers