The Top 2 Reasons To Consider a Newly Built Home

Written by Lakeland FL Mortgage Syndicated User on May 10, 2024. Posted in Buying Tips, First-Time Buyers, For Buyers, Inventory, Lakeland FL Mortgage, Mortgage Lakeland FL, New Construction.

When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like. Maybe you’ve got a specific picture of that house in your mind. But unless you came into this process knowing you want to buy a newly built home, you may not have pictured new home construction.A trusted real estate agent can help walk you through these two reasons you may want to reconsider that.1. Adding Newly Built Homes Could Give You More OptionsThere are two types of homes on the market: new and existing. A newly built home refers to a house that was just built or is...

How Buying or Selling a Home Benefits Your Community

Written by Lakeland FL Mortgage Syndicated User on May 9, 2024. Posted in For Buyers, For Sellers, Lakeland FL Mortgage, Mortgage Lakeland FL.

If you’re thinking of buying or selling a house, it’s important to know it doesn’t just impact you—it helps out the local economy and your community, too.Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes (see visual below):When a house is sold, it really boosts the local economy. That’s because of all the people needed to build, fix up, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry...

Tips for Younger Homebuyers: How To Make Your Dream a Reality

Written by Lakeland FL Mortgage Syndicated User on May 8, 2024. Posted in First-Time Buyers, For Buyers, Lakeland FL Mortgage, Mortgage Lakeland FL.

If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you’re worried that’s not going to be in the cards with inflation, rising home prices, mortgage rates, and more seemingly stacked against you.While there’s no arguing this housing market is challenging for first-time homebuyers, it is still achievable, especially if you have professionals on your side.Here are some helpful tips you may get from a pro.1. Explore Your Options for a Down PaymentIf a down payment is your #1 hurdle, you may have options to give...

Builders Are Building Smaller Homes [INFOGRAPHIC]

Written by Lakeland FL Mortgage Syndicated User on May 4, 2024. Posted in First-Time Buyers, For Buyers, Infographics, Lakeland FL Mortgage, Mortgage Lakeland FL.

Some HighlightsHaving a hard time finding a home in your budget? ?Builders may have a solution that can help.Builders are shifting their attention to what buyers want most right now – smaller, more affordable homes.If you want to see what’s available locally and in other areas nearby, connect with an agent to explore your options together.

Is a Multi-Generational Home Right for You?

Written by Lakeland FL Mortgage Syndicated User on April 26, 2024. Posted in Buying Tips, For Buyers, Lakeland FL Mortgage, Mortgage Lakeland FL.

Ever thought about living in the same house with your grandparents, parents, or other loved ones? You’re not alone. A lot of people are choosing to buy multi-generational homes where everyone can live together. Let’s check out why they think it’s a good idea to see if it might be a good fit for you, too.Why People Are Choosing Multi-Generational LivingAccording to the National Association of Realtors (NAR), here are just a few key reasons buyers opted for multi-generational homes over the past year (see graph below): Two of the top reasons had to do with aging parents. 27% of buyers...

The Best Way To Keep Track of Mortgage Rate Trends

Written by Lakeland FL Mortgage Syndicated User on April 24, 2024. Posted in For Buyers, Lakeland FL Mortgage, Mortgage Lakeland FL, Mortgage Rates.

If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move.The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here’s a quick rundown of what you really need to know.The Latest on Mortgage RatesRates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rates...

Is It Getting More Affordable To Buy a Home?

Written by Lakeland FL Mortgage Syndicated User on April 19, 2024. Posted in Affordability, For Buyers, Lakeland FL Mortgage, Mortgage Lakeland FL.

Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says:“We’re slowly climbing our way out of an affordability hole, but we have a long way to go. Rates have come down from their peak and are expected to fall again by the end of the year, which should make homebuying a little more affordable and incentivize buyers to come off the sidelines.”Here’s...

Is It Better To Rent Than Buy a Home Right Now?

Written by Lakeland FL Mortgage Syndicated User on April 18, 2024. Posted in Buying Tips, For Buyers, Lakeland FL Mortgage, Mortgage Lakeland FL, Rent vs. Buy.

You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home. And while that may be true in some markets if you just look at typical monthly payments, there’s one thing that the numbers aren’t factoring in: and that’s home equity. Here’s a look at how big of an impact equity can have and why it’s worth considering as you make your decision.What the Headlines Are Based onThe graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare...

Ways To Use Your Tax Refund If You Want To Buy a Home

Written by Lakeland FL Mortgage Syndicated User on April 12, 2024. Posted in Buying Tips, First-Time Buyers, For Buyers, Lakeland FL Mortgage, Mortgage Lakeland FL, Mortgage Rates.

Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains:“If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve already started to save, your tax refund could move you down the road faster.”While how much money you may get in a tax refund is going...

Builders Are Building Smaller Homes

Written by Lakeland FL Mortgage Syndicated User on April 11, 2024. Posted in First-Time Buyers, For Buyers, Lakeland FL Mortgage, Mortgage Lakeland FL.

There’s no arguing it, affordability is still tight. And if you’re trying to buy a home, that may mean you need to look at smaller houses to find one that’s still in your budget. But there is a silver lining: builders are focused on building these smaller homes right now and they’re offering incentives. And that can help give you more options that fit the bill.Newly Built Homes Are Trending SmallerDuring the pandemic, homebuyers wanted (and could afford) larger homes – and builders delivered. They focused on homes that were bigger, so people had more space for things like working from home,...

Category: For Buyers