Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on October 29, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

Some Highlights Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search. Any major life change can be scary, and buying a home is no different. Let’s connect so you have an advisor by your side to take fear out of the equation. Content previously posted on Keeping Current Matters

Pre-Approval Is a Critical First Step on Your Homebuying Journey

Written by Jupiter Beach Mortgage Syndicated User on October 25, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To better understand why pre-approval is key, it’s important to know what pre-approval is. The Mortgage Reports explains it like this: “When you’re ready to take the leap into homeownership, your first step is mortgage preapproval. . . . A mortgage preapproval is when a lender determines you’re qualified...

Should You Still Buy a Home with the Latest News About Inflation?

Written by Jupiter Beach Mortgage Syndicated User on October 20, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers, Rent vs. Buy.

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch it’s creating on your wallet and the looming economic uncertainty may leave you wondering: “should I still buy a home right now?” If that question is top of mind for you, here’s what you need to know. Homeownership Is Historically a Great...

The Latest on Supply and Demand in Housing

Written by Jupiter Beach Mortgage Syndicated User on October 19, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand)...

The Emotional and Non-financial Benefits of Homeownership

Written by Jupiter Beach Mortgage Syndicated User on October 18, 2022. Posted in First Time Home Buyers, For Buyers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers, Rent vs. Buy.

With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their Home Truly Their Own Owning your home gives you a significant sense of accomplishment because it’s a space you can customize to your heart’s desire. That can bring you added happiness. In fact, a report from the National Association of Realtors (NAR) shows making updates or remodeling...

Tips For First-Time Homebuyers [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on October 15, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage.

Some Highlights If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall. Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and expand your search radius. Your first home is out there. Let’s connect to explore your options and what other first-time buyers are doing to find their homes. Content previously posted on Keeping Current Matters

Four Things That Help Determine Your Mortgage Rate

Written by Jupiter Beach Mortgage Syndicated User on October 13, 2022. Posted in Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s higher rates and lock in the lowest one you can, here are a few factors to focus on. Since approval opportunities can vary, connect with a trusted lender for customized advice. Your Credit Score Credit scores can play a big role in your mortgage rate. Freddie Mac explains: “When you...

Saving for a Down Payment? Here’s What You Should Know.

Written by Jupiter Beach Mortgage Syndicated User on October 11, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start. If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why. The 20% Down Payment Myth If you believe you have to put 20% down on a home, you may have based your goal on a common misconception. Freddie Mac explains: “. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the largest perceived...

The Journey To Buy a Home [INFOGRAPHIC]

Written by Jupiter Beach Mortgage Syndicated User on October 8, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers.

Some Highlights When you head out to buy a home, there are a number of key milestones you’ll encounter along the way. The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more. Your journey starts here. Let’s connect so you have expert guidance each step of the way. Content previously posted on Keeping Current Matters

Two Questions Every Homebuyer Should Ask Themselves Right Now

Written by Jupiter Beach Mortgage Syndicated User on October 7, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Jupiter Beach Florida Mortgage Rates, Jupiter Beach Mortgage, Move-Up Buyers, Pricing.

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon. Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. George Ratiu, Senior Economist and Manager of Economic Research at realtor.com, says this: “While even two months ago rates above 7% may have...

Category: First Time Home Buyers