Why Mortgage Rates May Not Be as High as You Think
Mortgage rates are at their highest point in over 20-yr, but this may not be as bad as it seems historically. The avg rate since the 1950s is ~7%, which is close to the current rate.
Read MoreALIMONY AND CHILD SUPPORT INCOME
With the current financial climate and the stress everyday life can bring, unfortunately the first quarter of the year has become the peak season for divorces. It always pains me to see anyone have to go through that process. I, having gone through that process myself, wanted to share how someone in this situation might be able…
Read MoreDuval County Market Update
Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
Read MoreDo Discount Points Pay off for 2024 Homebuyers?
To cope with high rates, many homebuyers opted for discount points, paying extra upfront to lower interest rates. Purchasing points can lead to a lower monthly payment and overall savings over the loan's lifespan.
Read MoreMortgage Application Process Guide
Ensure a credit score >700 for optimal mortgage rates; review credit report for errors. mortgage-broker-meets-with-a-young-couple-4-of-6-FP24NJV Choose mortgage type, fixed or adjustable rates: Conventional FHA VA USDA Jumbo
Read MoreNAR Settlement FAQs
Settlement Overview and Key Terms 1. Why did NAR enter into this settlement? Since the litigation began, we have worked consistently to reach a resolution with the plaintiffs. We have always wanted to reduce the significant strain on our members and provide a path forward for the industry From the beginning of this litigation, we…
Read MoreUSDA CHANGES
The USDA (United States Department of Agriculture) mortgage program offers loans to help low to moderate-income individuals or families in rural areas buy, repair, or renovate homes. These loans are often referred to as USDA Rural Development loans. They typically have low interest rates and don’t require a down payment, making them an attractive option…
Read MoreQualifying for a USDA Mortgage in Florida: What You Need to Know
Securing a mortgage can be a significant step towards achieving homeownership, especially in Florida, where real estate markets flourish. USDA mortgage loans in Florida are enticing for those seeking financial support. Understanding the criteria and application process is vital to capitalize on this opportunity and fulfill the dream of owning a home. Understanding USDA Mortgage…
Read MoreHow to Compare Mortgage Rates in Jacksonville, FL: A Step-by-Step Guide
Securing a mortgage is a considerable step in attaining homeownership, and comparing rates carefully can make a substantial difference in long-term financial stability. Finding favorable mortgage rates is essential for prospective homeowners in Jacksonville, FL, where the real estate market is dynamic and diverse. By exploring the role of mortgage brokers in Jacksonville, FL, individuals…
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