fbpx

Category: Mortgage & Finance

87% of Buyers Qualify for Downpayment Help According to a RealtyTrac report released last week, 87 percent of U.S. buyers qualify for downpayment help – if they know where to look. In Florida, the percent of qualifying buyers goes as high as 97 percent in some counties, with the general range… Read More

Freddie Mac Advises Buyers to Move Quickly Freddie Mac recently cited a number of favorable opportunities for the housing sector but stressed the need for consumers and businesses to take advantage of them sooner rather than later – they may be limited. According to F… Read More

A few smart steps can help you save thousands of dollars. Here are 5 tips to save money for homebuyers: 1. Don’t buy if you don’t plan to stay. If you can’t commit to remaining in one place for at least a few years, then owning… Read More

Net Worth: Homeowners vs. Renters * In the past 15 years, the net worth of the typical homeowner has ranged between 31 and 46 times that of the net worth of the typical renter. * Homeowner equity is a substantial component of homeowner wealth. The Federal Reserve’s Survey of Consumer… Read More

News that FHA will eliminate a prepayment penalty starting next year has been widely reported. It’s a move NAR has been seeking for some time because it will relieve borrowers of a financial hit that’s entirely out of their control and also bring the agency’s policies in line with other… Read More

Mortgage costs are a new concern, at least to buyers and sellers of homes. Mortgage closing costs in our state are higher than 42 other states, according to Bankrate.com.  Closing costs on a $200,000 home loan average $2,648, the eighth-highest in the US, and 4.1 percent higher than… Read More