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Mortgage rates have fallen in the past week, including 15-year fixed, 30-year fixed, and 5/1 adjustable-rate mortgages, with average rates now between 6% and 7%. Despite this, the end-of-year slowdown in the mortgage market means the impact on holiday home shopping will likely be minimal. However, if rates stay low, demand could rise in January.…

-Closing Disclosure: Details mortgage and closing costs -Proof of Homeowners Insurance: Required proof at closing -Loan Application: Review for unchanged details -Mortgage or Deed of Trust: Agreement for collateralizing the loan

1. Pay bills on time consistently. 2. Reduce credit card balances. 3. Check credit reports for errors and fix them.

South Florida is known for its beautiful beaches and vibrant culture, but not everyone is friendly. A new housing development in West Palm Beach aims to protect the environment, while a proposed apartment complex in the SoSo community faces controversy. The historic Gulfstream Hotel is being restored, and high-profile buyers like William P. Lauder and…

Multifamily Real Estate is favored by beginners for stable income, lower entry costs. Multifamily properties offer diversified tenant bases, minimizing market fluctuations and vacancy risks. Real Estate serves as an inflation hedge; multifamily investments can counter rising living costs.

Florida dominates the nation's top housing developments, with Babcock Ranch, Ave Maria, Lakewood Ranch, and Wellen Park seeing increased sales. Tampa General Hospital plans to expand into Babcock Ranch. Florida accounts for 40% of sales in top US master-planned communities. Warby Parker has also opened its first physical stores in Southwest Florida. Continue to full…

Getting pre-approved for a mortgage is crucial when buying a home. It can help you stand out in a competitive market, determine your budget, and show sellers that you're serious. With low housing inventory, pre-approval increases your chances of securing your dream home. It's a quick process that provides clarity and confidence in your homebuying…

GIFT DONOR CHANGES to Fannie and Freddie What happens when you have a realtor that is a family member on a transaction and they want to give a gift to their relative. This came up recently and is a great tidbit of information when someone is working with a relative. The difference is between Fannie…

The USDA offers home loans through the Rural Development Guaranteed Housing Loan Program, commonly known as USDA loans. Here are some key points about doing a USDA Purchase: USDA loans are designed to help families with low to moderate incomes buy homes in rural areas. Eligibility is determined by the property’s location and the applicant’s…

Both Fannie Mae and Freddie Mac made CONVENTIONAL RENTAL INCOME CHANGES to their rental income guidelines EFFECTIVE for APPLICATIONS taken after January 1, 2024. Make sure you know the rules of rental income allowed based on primary housing payment and length of rental management experience. Here are a couple items that are unique to Fannie…