The Value of an Agent When Buying Your New Construction Home

Written by Orlando Mortgage Syndicated User on August 10, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Orlando Florida Mortgage, Orlando Mortgage.

Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.An article from The Mortgage Reports sums it up like this:“Your Realtor or real estate agent will be key to helping you navigate this process. . . . they can guide you through construction and help anticipate and solve for any possible snags along the way.”Here’s...

Four Ways You Can Use Your Home Equity

Written by Orlando Mortgage Syndicated User on August 8, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Foreclosures, Move-Up Buyers, Orlando Florida Mortgage, Orlando Mortgage.

If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think.According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 in equity right now. That much equity can help you achieve certain goals. In a recent article, Bankrate elaborates: “While the pandemic created serious challenges, the silver lining for anyone who owned a home was...

How To Know If You’re Ready to Buy a Home

Written by Orlando Mortgage Syndicated User on August 3, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Orlando Florida Mortgage, Orlando Mortgage.

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make.While housing market conditions are definitely a factor in your decision, your own life and your finances may be even more important. As an article from NerdWallet says:“Housing market trends give important context. But whether this is a good time to buy a house also depends on your financial situation,...

Real Estate Continues To Be the Best Investment [INFOGRAPHIC]

Written by Orlando Mortgage Syndicated User on July 22, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers, Orlando Florida Mortgage, Orlando Mortgage.

Some HighlightsAccording to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value as time goes on.Connect with a local real estate agent if you’re ready to buy a home and invest in your future.

Owning Your Home Helps You Build Wealth

Written by Orlando Mortgage Syndicated User on July 21, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Orlando Florida Mortgage, Orlando Mortgage, Rent vs. Buy.

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.Homeownership Builds Wealth Regardless of Income LevelYou may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below):What makes wealth so much higher for homeowners? A recent...

Two Questions To Ask Yourself if You’re Considering Buying a Home

Written by Orlando Mortgage Syndicated User on July 6, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Orlando Florida Mortgage, Orlando Mortgage, Pricing.

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. To help cut through the noise and give you the information you need most, take a look at what the data says. Here are the top two questions you need to ask yourself...

Americans Still View Homeownership as the American Dream

Written by Orlando Mortgage Syndicated User on July 5, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Orlando Florida Mortgage, Orlando Mortgage.

Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide.A recent survey from Bankrate asked respondents which achievements they feel most embody the American Dream. The responses prove owning a home is still important to so many Americans today (see graph below):As the graph shows, homeownership ranks above other significant milestones, including retirement, having a successful career, and earning a college degree.A recent report from MYND helps...

Evaluating Your Wants and Needs as a Homebuyer Matters More Today

Written by Orlando Mortgage Syndicated User on July 4, 2023. Posted in First Time Home Buyers, For Buyers, Move-Up Buyers, Orlando Florida Mortgage, Orlando Mortgage.

When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking a close look at their wish list and re-evaluating what features they really need in their next home to avoid overextending. As a recent NerdWallet article says:“A pool, for example, may be nice to have, but it may not provide as much day-to-day value as a garage or a space for a home office . . .”While that pool may be appealing,...

Why Homeownership Wins in the Long Run

Written by Orlando Mortgage Syndicated User on June 28, 2023. Posted in First Time Home Buyers, For Buyers, Orlando Florida Mortgage, Orlando Mortgage, Pricing, Rent vs. Buy.

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision.Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows your own...

Homeownership Helps Protect You from Inflation [INFOGRAPHIC]

Written by Orlando Mortgage Syndicated User on June 24, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Orlando Florida Mortgage, Orlando Mortgage, Rent vs. Buy.

Some HighlightsWondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady.Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties within the next 12 months.Especially when inflation is up, having a stable housing payment can be helpful. Connect with a local real estate agent so you can learn more and start your journey to owning a home today.

Category: First Time Home Buyers