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Thinking about your next property? Bridge loans can help you act fast without waiting to sell your current home. They let you use your existing home’s equity as a down payment for the new one.
Here’s what you need to know:
– Up to 75% LTV for primary homes, 60% for investment properties
– No monthly payments, just one balloon payment within 6-12 months
– Interest-only with fixed rates and no prepayment penalties
– Minimum credit score 680 with a debt-to-income max of 50%
This short-term financing covers the gap so you...
Could Moving a Bit Further Out Change Everything About Your Budget?
Whether you’re dreaming about buying your first home or wondering if it’s time to move on from the one you’re in, affordability is probably weighing on your mind. Home prices are still high in many markets, and even though things have improved a bit over the past year, making the numbers work can still feel like a stretch.But the people finding ways to move right now usually have one thing in common. They didn’t wait for affordability to come to them. They went looking for it.According to PODS, 61% of people across all generations say affordability is the biggest factor...
Lower Asking Prices Are a Win for Today’s Buyers
If affordability has been the biggest thing standing between you and a home, there’s a little good news. Asking prices have started to come down.The typical seller listed their house for a median of $429,500 in May. That’s 2.4% lower than a year ago, according to Realtor.com. On its own, that won’t transform what you can afford, but in today’s market every little bit helps and it signals a broader shift taking place.Buyers Are Finally Catching a BreakCheck out this data from Realtor.com and you can see this is the first May in years where buyers have caught any sort of break...
What Rising Inflation Means for Your Move
Data shows inflation is moving in the wrong direction. But before the headlines send anyone into a panic, here’s what’s actually going on, why it matters for the housing market, and what it means if you’re thinking about buying or selling.Inflation Went Up – Here’s What That Actually MeansThe government tracks inflation in a variety of ways. One is something called PCE – the Personal Consumption Expenditures Price Index. It measures how much more (or less) people are paying for goods and services compared to a year ago. And just based on your own expenses, you can probably...
World Ocean Day!
Our customers are caring individuals who are passionate about protecting our beautiful planet but sometimes unsure how they can make a difference.
For World Oceans Day, let’s celebrate the incredible blue world that connects us all. Gentle, inspiring, and hopeful — today we honor the ocean’s beauty and the urgent need to protect it for future generations. ??
May we all do our small part to keep the oceans clean and thriving!
#WorldOceansDay #OceanLove #ProtectOurPlanet #EcoFriendly #TogetherForTheSea
Miami Beach Condotel Financing
Start with our free home purchase qualifier or get a quick rate quote—no personal info needed. ? Here’s how an investor bought a Miami Beach condotel in 30 days. DSCR loans let you qualify based on rental income, perfect if you have business deductions. Minimum 660 credit score; down payments vary by condo type. Ready to invest smart? Get your rate today.
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#DSCRloans #FloridaRealEstate #InvestmentProperty #CondotelFinancing #FidelityHomeGroup
Home Purchase Qualifier: Start Now
Wondering if you qualify for a home purchase? Get your approval started quickly—no need to share personal info upfront. We help buyers and investors, including those with non-traditional income or interested in non-warrantable condos, find the right mortgage options.
Start your homebuying journey with our easy qualifier tool today.
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#HomeBuyers #InvestmentProperty #MortgageHelp
Stay or Sell? How To Make the Right Call as You Age
At some point, as you start thinking about the years ahead, this question tends to come up:“Could I stay here long-term… or would it make more sense to move?”It’s not always urgent. It often shows up in small moments, like going up and down the stairs, keeping up with the maintenance, or just thinking about what the next chapter of your life might look like in this home.And for most people, the answer is simple. They want to stay.The USC Leonard Davis School of Gerontology found about 90% of adults over 65 prefer to stay in their homes as they get older (see below):But even if staying feels...
Think You Have To Put 20% Down? Most First-Time Homebuyers Don’t.
According to Google Trends, online searches for down payment information recently hit an all-time high. And that’s a clear sign more buyers are trying to figure out what they really need to save before making a move (see graph below):If you’re wondering the same thing, you can always turn to the internet for answers. But a lot of the time, it’s better to ask a local expert. Because here’s what a pro would tell you.The 20% Down Payment MythThe idea that you need 20% down to buy a home is one of the biggest misconceptions around the homebuying process. And the data debunks the myth.While...
3 Things That Are Not Going To Happen in Today’s Housing Market
There’s a lot of uncertainty right now and that’s leading to some dramatic headlines. And if you’re thinking about buying a home, that can make you feel a little less sure about your decision.A recent study by CNBC asked homebuyers what they’re most worried about, and three themes kept coming up again and again:Mortgage ratesThe number of homes for saleHome pricesBut a lot of what you may be hearing on those is based more on misconceptions. Not facts. So, let’s break it down and separate fact from fiction.Misconception #1: “I’ll Just Wait, Because Mortgage Rates Are Going To Fall...