FIRST GENERATION HOMEBUYERS
In May Fannie, Freddie and the FHFA (Federal Housing Finance Agency) which runs Fannie and Freddie released a new form and a new idea to understand the need of First-Generation Homebuyers. A First-Generation Homebuyer is defined as a family who either grew up without parents or with parents that were not financially capable of helping…
Read MoreFlorida Housing Market Predictions 2024-2029
Home values expected to rise steadily, though at a slower pace than recent years. An increase in inventory levels could lead to a more balanced market, easing buyer competition.
Read MoreIs it time to Refinance?
Rate Reversal Is it time to refiance? Since 1955, the Fed has unwound 86%, on average, of the prior rate hikes during the ensuing rate easing cycle, which we’re entering. This means the Fed funds rate bottoms out at 0.75%. The smallest historical reversal would suggest that Fed funds hits 2.25%. Yet the market is…
Read MoreRent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
Read MoreMortgage Rates 2024-2026: Stabilization Strives, Possible Dips
Fed continues rate hikes to curb inflation, possibly pushing rates above 6.25% to 7%. Rates may stabilize in 2025 as inflation moderates, possibly in the mid-to-high 6% range.
Read MoreShould You Refinance? Mortgage Rates Take a Breather
Mortgage rates have decreased for 3 consecutive weeks in June. The decline in mortgage rates may provide some relief for potential homebuyers.
Read More2025 Mortgage Rates May Fall Below 6.5%
If the job market softens to manage inflation, a rate cut could occur late this year, slightly easing 2024 mortgage rates. Rates could drop below 6.5% by 2025, making homeownership more affordable and stimulating the housing market.
Read MoreHow to rent an apartment with bad credit
Renting an apartment with bad credit is challenging but possible. Show stable income, consider a co-signer or roommate, and work on improving credit by paying bills on time. Landlords use credit to assess rent payment ability. Offer a larger deposit, get a cosigner, or provide proof of consistent income to make your application more appealing.…
Read MoreHow to Shop Smart for a Mortgage Deal
Compare mortgage rates among three to five lenders to maximize potential savings. Consider different mortgage types to find the best rate for your credit and financial situation.
Read MoreHomestead Exemption
A homestead exemption is a legal provision that helps reduce the amount of property taxes you owe on your primary residence. By applying for this exemption, you can often lower the taxable value of your home, which in turn decreases your property tax bill. The specifics of homestead exemptions can vary depending on the state…
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