Tag: #pembrokepinesmortgages

The First Step: Getting Pre-Approved for a Mortgage [INFOGRAPHIC]

Written by Pembroke Pines Mortgage Syndicated User on March 2, 2024. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates.

Some HighlightsIf you’re looking to buy a home in 2024, getting pre-approved is a key piece of the puzzle. Mortgage pre-approval means a lender checks your finances and decides how much you’re qualified to borrow.As more buyers re-enter the market, it’ll help you make a strong offer that stands out from the crowd.Talk to a trusted professional to learn more and begin your homebuying process today.

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Why We Aren’t Headed for a Housing Crash

Written by Pembroke Pines Mortgage Syndicated User on March 1, 2024. Posted in Housing Market Updates, Interest Rates, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates, Pricing.

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up.Today’s market is very different than it was before the housing crash in 2008. Here’s why.It’s Harder To Get a Loan Now – and That’s Actually a Good ThingIt was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending standards, making it easy for just about anyone to qualify...

Why You Want an Agent’s Advice for Your Move

Written by Pembroke Pines Mortgage Syndicated User on February 29, 2024. Posted in Buying Myths, For Buyers, For Sellers, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates, Selling Myths.

No matter how you slice it, buying or selling a home is a big decision. And when you’re going through any change in your life and you need some guidance, what do you do? You get advice from people who know what they’re talking about. Moving is no exception. You need insights from the pros to help you feel confident in your decision. Freddie Mac explains it like this:“As you set out to find the right home for your family, be sure to select experienced, trusted professionals who will help you make informed decisions and avoid pitfalls.”And while perfect advice isn’t possible – not even from...

Why Today’s Housing Supply Is a Sweet Spot for Sellers

Written by Pembroke Pines Mortgage Syndicated User on February 28, 2024. Posted in For Sellers, Housing Market Updates, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates.

Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why.An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now:Here’s a breakdown of how this benefits you when you sell. 1. You Have More Options for Your MoveAre you thinking about selling because your current house is...

The Truth About Down Payments

Written by Pembroke Pines Mortgage Syndicated User on February 27, 2024. Posted in Buying Myths, First Time Home Buyers, For Buyers, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates.

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case.Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.As The Mortgage Reports says:“Although putting down 20% to avoid mortgage insurance is wise if affordable, it’s a myth that this is always necessary. In fact,...

How Changing Mortgage Rates Impact You [INFOGRAPHIC]

Written by Pembroke Pines Mortgage Syndicated User on February 24, 2024. Posted in Infographics, Interest Rates, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates.

Some HighlightsIf you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.That’s because even a small change in mortgage rates can have a big impact on your purchasing power. The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.

Expert Home Price Forecasts for 2024 Revised Up

Written by Pembroke Pines Mortgage Syndicated User on February 23, 2024. Posted in Housing Market Updates, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates, Pricing.

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.So, let’s see exactly how experts’ thinking has shifted – and what’s caused the change.2024 Home Price Forecasts: Then and NowThe chart below shows what seven expert organizations think will happen to home prices in 2024. It compares their first 2024 home price forecasts (made at the end of 2023) with their newest projections: The middle column shows that, at first, these experts thought home prices would only...

Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

Written by Pembroke Pines Mortgage Syndicated User on February 22, 2024. Posted in Housing Market Updates, Interest Rates, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates.

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year.While we...

Strategic Tips for Buying Your First Home

Written by Pembroke Pines Mortgage Syndicated User on February 21, 2024. Posted in Buying Myths, First Time Home Buyers, For Buyers, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates.

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life. As a first-time homebuyer, it’s a dream you can make come true, but there are some hurdles you’ll need to overcome in today’s housing market – specifically the limited supply of homes for sale and ongoing affordability challenges.So, if you’re ready, willing, and able to buy your first home, here are three tips to help you turn your dream into a reality.Save Money with First-Time Homebuyer Programs Paying the initial costs of...

It’s Time To Prepare Your House for a Spring Listing

Written by Pembroke Pines Mortgage Syndicated User on February 20, 2024. Posted in For Sellers, Pembroke Pines Condo Mortgages, Pembroke Pines Mortgage, Pembroke Pines Mortgage Rates.

If you’re thinking of selling your house this spring, now is the perfect time to start getting it ready. With the market gearing up for its busiest time of year, it’ll be important to make sure your house shines bright among the competition.Here are some valuable tips you can use to get your house market-ready.Declutter and OrganizeFirst impressions matter, and if your house is a mess, that can easily turn off potential buyers. Before listing, take the time to declutter and organize each room. Decluttering is about more than just tidying up – it’s about creating a sense of...