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Tag: #hollywoodflmortgagelender

How Today’s Mortgage Rates Impact Your Home Purchase

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

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power. Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say...

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2022 Housing Market Forecast [INFOGRAPHIC]

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

Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Let’s connect so you can make your best move this year. Content previously posted on Keeping Current Matters

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Three Tips for First-Time Homebuyers

Written by Hollywood FL Mortgage Syndicated User on . Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates.

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start. Here are three things that can help give you the information you need to confidently pursue your dream of homeownership. 1. Consider All Options When the Number of Homes for Sale Is Low Today, there are far more buyers in the market than there are homes available for...

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Your House Could Be Closer to List-Ready Than You Think

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

One of the biggest concerns for a homeowner looking to sell is the time they’ll have to put in before listing their house. If that’s the case for you, you should know – your home might be closer to list-ready than you think in today’s housing market. A survey of recent sellers from realtor.com finds that many were able to get their house ready in less than a month. It says: “With many homeowners expecting a quick sale, and in many cases a lack of contingencies, the preparation process took less than a month for over 50% of home sellers this past year, with 20% completing it in less than...

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Things That Could Help You Win a Bidding War on a Home

Written by Hollywood FL Mortgage Syndicated User on . Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Move-Up Buyers, Pricing.

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below): The same report from NAR shows the average buyer made two offers before getting their third offer accepted. In this type of competitive housing market, it’s important to know what levers you can pull to help you beat the...

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