Will Mortgage Rates Fall After the July Fed Meeting?
Recent inflation numbers indicate a downward trend, potentially leading to a Federal Reserve interest rate cut. Experts believe the Fed will maintain current interest rates at the July meeting due to inflation still being above the target rate.
Read MoreMortgage interest tax deductions – are they helping?
Deducting mortgage interest paid on tax returns is now a meaningful option for many borrowers. High mortgage rates in recent years have pushed many prospective homebuyers to the sidelines and seen others abandon their purchasing plans – but for those would-be buyers caught in two minds about taking the plunge, there’s at least a potential…
Read MoreJacksonville: Under $100K Homes Await
Jacksonville boasts a large housing market with 4,636 total listings. Affordable options exist with 77 listings under $100K. The median home list price of $308K, reflects a broader range of housing options. Jacksonville offers a lower cost of living than both the national and statewide avg. The city's expansive land area, the 2nd largest in…
Read MoreRefinance Right: Expert Mortgage Tips
Check your financial health, focusing on credit score and debt-to-income ratio. Understand your home equity, including how much you’ve built up and its current appraised value.
Read MoreEssential Steps to Homeownership: 2024 Guide
Evaluate your credit score, debt-to-income ratio, and savings to assess financial readiness. Create a comprehensive budget covering down payment, mortgage, taxes, insurance, and maintenance.
Read MoreUSDA Mortgage
A USDA mortgage, also known as a USDA Rural Development Loan or USDA home loan, is a type of mortgage backed by the United States Department of Agriculture (USDA). These loans are designed to help low to moderate-income households purchase homes in rural areas or certain eligible suburban areas. Here are some key features of…
Read MorePay off Debt and Save Funds
Determine your budget, using the 28% rule to keep mortgage payments manageable. Check your credit score, aiming for >620 to secure a first-time homebuyer loan.
Read MoreFlorida Law Mandates New Home Warranty
Florida's new law requires a 1-yr warranty for all newly constructed homes starting Early-Q3 2025. The statute mandates that builders provide this warranty unless they already offer equivalent or better terms.
Read MoreFlorida Housing: Crash or Correction Ahead?
Experts predict a market correction in the Florida housing market, with potential price drops. Some housing experts foresee a market correction or crash due to current supply and demand trends.
Read MoreCan You Buy a Home Without Income?
You can buy a house without income by proving financial strength or paying in cash. A strong credit history, including a high credit score, can improve your chances.
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