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Pace of home construction sees big jump US housing starts rebounded in August, accelerating at their fastest clip since April and helping offset some of the slowdown seen the prior month. Government figures released Wednesday showed that the annualized rate of housing starts reached 1.36 million last month, a 9.6% increase over July and slightly…

The Florida Housing Bond Program is designed to help provide affordable housing options for low- and moderate-income individuals and families in Florida. It primarily does this by offering financing options to developers and builders who create affordable housing projects. The program may involve issuing tax-exempt bonds, which can lower borrowing costs and make it easier…

The latest inflation readings keep the Fed on track to cut rates at their meeting this week, while an important survey sheds light on expectations for home prices. Here are the headlines: ·      More Progress on Consumer Inflation ·      Annual Wholesale Inflation Falls Below Key Level ·      Housing Remains Great Opportunity for Wealth Creation ·      Continuing Jobless Claims Top…

A reverse mortgage is a type of loan available to homeowners, typically older adults, that allows them to convert part of the equity in their home into cash. Unlike a traditional mortgage where you make monthly payments to the lender, with a reverse mortgage, the lender makes payments to you. Here’s a breakdown of how…

Bad credit can make getting a mortgage difficult, but it’s not impossible with careful planning. Lenders often require higher interest rates and larger deposits for those with poor credit histories.

A DSCR loan refers to a loan where the lender evaluates the borrower’s ability to repay based on the Debt Service Coverage Ratio (DSCR). The DSCR is a financial metric used to assess a borrower’s capacity to cover debt obligations from their operating income. Here’s a breakdown of what it means and how it works:…

The housing market landscape has been challenging for buyers to navigate over the past few years. After all, a perfect storm of high mortgage rates, limited home inventory and elevated home prices has created significant barriers to entry for those looking to purchase a home. With homebuying costs elevated, many potential buyers have been temporarily priced out of the market,…

Should I refinance my home? Borrowing has been a costly endeavor recently, with elevated rates driving up the cost of everything from personal loans to credit cards and home equity loans. Nowhere is this more evident, though, than in the housing market. With the average 30-year fixed mortgage rate at 6.41% currently, today’s mortgage rates are in stark contrast…

Jacksonville is a major city in northeast Florida, known for its coastal beauty and urban amenities. The median home price in Jacksonville is $247K, making it an accessible option for a wide range of residents. Jacksonville ranks 31st for desirability, attracting new residents with its appealing lifestyle and growing economy. The city experienced a nearly…

What Is a Hard Money Loan? Hard money loans are short-term secured loans that use the property you’re purchasing as collateral. You won’t find one from your bank. Hard money loans are offered by alternative real estate lenders such as individual investors and private lenders that don’t use borrower credit scores and other individual factors…