If you’re a first-time homebuyer you might have noticed mortgage rates expressed a couple of different ways in the charts when you google for current rates. You may have seen it expressed a number of ways including APR and Interest Rate. So, what’s the difference and which one should you go by? What Is The […]
Marco Island millennial homebuyers, take note! Buying a home while you’re young makes a huge difference for your financial future. A recent study looked at older adults and compared the financial outcomes based on their age when they bought their first homes. In the study, half of the adults in in the sample bought their […]
If you’re in the process of buying a home and need down payment assistance, you should know that the State of Florida might have a program that can help you finally become a homeowner! Thanks to Florida Housing, there are a handful of programs to help homebuyers. Two of the most utilized and appreciated programs that […]
Freddie Mac announced recently that rates on a 30-year fixed mortgage rose to 4.72 percent. Plus, rates are going to continue to rise. They’ve already risen over 3/4 of a percent higher than they were at the start of 2018. You might be hoping that prices on homes will drop and planning to make your […]
Do you know the options and specifics for Florida first time home buyer incentives? There are plenty of programs available to help you get into a new home thanks to Florida Housing. Florida First The Florida First program offers a low 30-year fixed-rate first mortgage to qualified borrowers. That automatically makes the buyer qualified for […]
Do you know the options for Florida down payment assistance programs that can help Florida home buyers? There are plenty of programs available to help you get into a new home thanks to Florida Housing. Florida Housing’s FTHB Program program can be accessed only through participating lenders in Florida. From the Florida Housing website, select First […]
Last week’s economic reports included readings on new and existing home sales, a speech by Fed Chair Janet Yellen, and a report on consumer sentiment. Weekly reports on mortgage rates and new jobless claims were also released.
Last week’s economic news included the NAHB Housing Market Index, Commerce Department releases on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released.
For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.