How Homeownership Can Help Shield You from Inflation

Written by Port St. Lucie Mortgage Syndicated User on April 27, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Pricing.

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat...

Is It Enough To Offer Asking Price in Today’s Housing Market?

Written by Port St. Lucie Mortgage Syndicated User on April 26, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates.

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price. In today’s real estate market, buyers shouldn’t shop for a home with the same expectations. Things Are Different Today Today’s housing market is anything but normal. According...

Myths About Today’s Housing Market [INFOGRAPHIC]

Written by Port St. Lucie Mortgage Syndicated User on April 23, 2022. Posted in Buying Myths, For Buyers, For Sellers, Infographics, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Selling Myths.

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions. Let’s connect so you have an expert to help separate fact from fiction in today’s housing market. Content previously posted on Keeping Current Matters

How To Approach Rising Mortgage Rates as a Buyer

Written by Port St. Lucie Mortgage Syndicated User on April 21, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates.

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead. 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. How Rising Mortgage Rates Impact You Mortgage rates play a significant...

Why Pre-Approval Is an Important Step for Today’s Homebuyers

Written by Port St. Lucie Mortgage Syndicated User on April 20, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates.

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.” Why does that matter so much today? There are many more...

What Is Multigenerational Housing? [INFOGRAPHIC]

Written by Port St. Lucie Mortgage Syndicated User on April 15, 2022. Posted in Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Millennials, Move-Up Buyers, Port St Lucie Mortgage, Port St. Lucie Condo Financing, Port StLucie Mortgage Rates, Senior Market.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house that meets your changing needs and has plenty of space for you and your loved ones. Content previously posted on Keeping Current Matters

Category: Buying Myths