The Next Generation of Homebuyers Is Here

Written by Deerfield Beach Mortgage Syndicated User on January 26, 2022. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, Demographics, First Time Home Buyers, For Buyers, Gen Z.

Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off on your journey and plan your next move, here are a few reasons to think about homebuying this year. The Reasons Gen Z Want To Become Homeowners While the majority of Gen Z haven’t entered the housing market yet, a large portion plan to according to a realtor.com report. The report...

Why Pre-Approval Is Key for Homebuyers in 2022

Written by Deerfield Beach Mortgage Syndicated User on January 25, 2022. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, First Time Home Buyers, For Buyers, Move-Up Buyers.

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making an offer. Here’s why. Being intentional and competitive are musts when buying a home this year. 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. Just as important, being able to present a pre-approval letter...

With Mortgage Rates Climbing, Now’s the Time To Act

Written by Deerfield Beach Mortgage Syndicated User on January 20, 2022. Posted in Buying Myths, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers.

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise in their 2022 projections, and the forecast is now becoming a reality. Here’s a look at the projections from Freddie Mac for this year: Q1 2022: 3.4% Q2 2022: 3.5% Q3 2022: 3.6% Q4 2022: 3.7% As the numbers show, this jump in rates is in line with the expectations...

Two Ways Homebuyers Can Win in Today’s Market

Written by Deerfield Beach Mortgage Syndicated User on January 18, 2022. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, First Time Home Buyers, For Buyers, Move-Up Buyers.

If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market. While competition is still fierce for homebuyers, there are ways you can win and secure the home of your dreams, even in a hot market. Act Early and Save The earlier you act this year, the more affordable your purchase will be. That’s because experts project mortgage rates will rise as we move deeper into 2022. According to Freddie Mac, the average 30-year fixed-rate mortgage is expected to be 3.5% by year’s end. Experts forecast home prices will rise as well. That means...

Achieving the Dream of Homeownership

Written by Deerfield Beach Mortgage Syndicated User on January 18, 2022. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, First Time Home Buyers, For Buyers.

Homeownership has long been considered the American Dream, and it’s one every American should feel confident and powerful pursuing. But owning a home is also a deeply personal dream. Our home provides us with safety and security, and it’s a place where we can grow and flourish. Today, we remember the legacy of Dr. Martin Luther King, Jr. Many of us will remember his passion and determination for the causes he championed, including his famous “I Have a Dream” speech in 1963. As we reflect on his message today, it may inspire your own dream of homeownership. And if so, know you’re not alone....

How To Hit Your Homebuying Goals This Year [INFOGRAPHIC]

Written by Deerfield Beach Mortgage Syndicated User on January 18, 2022. Posted in Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers.

Some Highlights If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals. It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and get pre-approved so you know how much you can borrow. Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year. Content previously posted on Keeping Current Matters

Why Inflation Shouldn’t Stop You from Buying a Home in 2022

Written by Deerfield Beach Mortgage Syndicated User on January 18, 2022. Posted in Buying Myths, Deerfield Beach Condo Mortgage, Deerfield Beach Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing.

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about purchasing a home this year, all of these inflationary concerns are likely making you wonder if you should wait to buy. Investopedia explains that during a period of high inflation, prices rise across the board. And while home prices aren’t immune from this increase, here’s why inflation shouldn’t stop you from buying a home in 2022. Homeownership Offers Stability and Security Home prices have...

Category: First Time Home Buyers