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Author: Hollywood FL Mortgage Syndicated User

Watching the Stock Market? Check the Value of Your Home for Good News.

Written by Hollywood FL Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates.

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past...

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Will My House Still Sell in Today’s Market?

Written by Hollywood FL Mortgage Syndicated User on . Posted in For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates, Selling Myths.

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below): The...

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A Crucial First Step: Mortgage Pre-Approval [INFOGRAPHIC]

Written by Hollywood FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Infographics, Move-Up Buyers.

Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and helps sellers know your offer is serious. Connect with a trusted professional to learn more and start your homebuying process today. Content previously posted on Keeping Current Matters

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Florida Mortgage | How Your Home Sale or Purchase Impacts the Economy

Written by Hollywood FL Mortgage Syndicated User on . Posted in Hollywood FL Mortgage, Hollywood FL Mortgage Rates.

Florida Mortgage | How Your Home Sale or Purchase Impacts the Economy. When you buy or sell a home, you’re making a difference in your community. Let’s connect if you’re ready to make a move and make an impact. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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Buyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market

Written by Hollywood FL Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Housing Market Updates, Move-Up Buyers.

If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close. Today, you should have less competition and more negotiating power as a buyer. That’s because the intensity of buyer demand and bidding wars is easing this year. So, if bidding wars were the biggest factor that had you sitting on the sidelines, here are two trends that may be...

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