How To Make Your Dream of Homeownership a Reality

Written by Fort Lauderdale Mortgage Syndicated User on February 24, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Housing Market Updates, Move-Up Buyers.

According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

Written by Fort Lauderdale Mortgage Syndicated User on February 8, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Infographics, Move-Up Buyers.

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Written by Fort Lauderdale Mortgage Syndicated User on January 14, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Infographics, Move-Up Buyers.

Financial Fundamentals for First-Time Homebuyers

Written by Fort Lauderdale Mortgage Syndicated User on December 27, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates.

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate. While there are many factors that go into your mortgage application, a higher credit score could lead to a lower monthly payment in the long run. So how do you make sure your credit is in the best...

VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]

Written by Fort Lauderdale Mortgage Syndicated User on November 12, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Infographics, Move-Up Buyers.

Some Highlights VA Loans can help make homeownership possible for those who have served our country. These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house. Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the benefits of VA home loans. Content previously posted on Keeping Current Matters

VA Loans Can Help Veterans Achieve Their Dream of Homeownership

Written by Fort Lauderdale Mortgage Syndicated User on November 11, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Move-Up Buyers.

For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it’s important to understand this program and its benefits. Here are some things you should know about VA loans before you start the homebuying process. What Are VA Loans? VA home loans provide a pathway to homeownership for those who have served our nation. The U.S. Department of Veterans Affairs describes the program like this: “VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As...

Taking the Fear out of Saving for a Home

Written by Fort Lauderdale Mortgage Syndicated User on November 1, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Move-Up Buyers.

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real estate professionals. They can help you plan your finances and prepare your budget. Here are just a few costs experts say you can expect. 1. Down Payment Saving for your down payment is likely top of mind as you set out to buy a home. But do you know how much you’ll need to save? While each situation is different, there’s a common...

Four Things That Help Determine Your Mortgage Rate

Written by Fort Lauderdale Mortgage Syndicated User on October 13, 2022. Posted in Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Interest Rates, Move-Up Buyers.

If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s higher rates and lock in the lowest one you can, here are a few factors to focus on. Since approval opportunities can vary, connect with a trusted lender for customized advice. Your Credit Score Credit scores can play a big role in your mortgage rate. Freddie Mac explains: “When you...

Saving for a Down Payment? Here’s What You Should Know.

Written by Fort Lauderdale Mortgage Syndicated User on October 11, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates, Move-Up Buyers.

As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start. If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why. The 20% Down Payment Myth If you believe you have to put 20% down on a home, you may have based your goal on a common misconception. Freddie Mac explains: “. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the largest perceived...

Homeownership Could Be in Reach with Down Payment Assistance Programs

Written by Fort Lauderdale Mortgage Syndicated User on June 30, 2022. Posted in Buying Myths, Down Payments, For Buyers, Fort Lauderdale Mortgage, Fort Lauderdale Mortgage Rates.

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your homeownership goals. The key is understanding where to look and learning what options are available. Here’s some information that can help you. You Can Qualify Even if You’ve Purchased a Home Before There are several misconceptions about...

Category: Down Payments