Florida Strengthens HOA Rules and Homeowner Rights

Over 75M Americans live in communities with homeowner associations (HOAs), with Florida having the second-highest number. Monthly HOA fees in Florida range from $100 to $500, and new laws aim to protect members.

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.

Mortgage rates rose above 7%, impacting homebuyers. Despite the increase, purchase demand remains steady. Home prices fell by over 1% for the week, potentially due to more affordable listings. New listings increased, providing hope for buyers. Homes spent the same amount of time on the market as in the previous year. Continue to full article

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.

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…

Reverse mortgages are not a one-size-fits-all solution and have their pros and cons. Over 1M homeowners have chosen reverse mortgages to supplement retirement income. The "Ugly" part is that many people don't qualify due to equity, credit, and income requirements.

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

With the gig economy on the rise, there has been an increase in self-employed individuals across the country. While this segment of the population is experiencing a boom in business, they’re still facing major hurdles when it comes to financing properties thanks to the stringent requirements traditional lenders require during the transaction process. Fortunately, there are alternative…

The financial market is constantly changing, and finding the right loan solution for your clients can be tough. Knowing the different loan types to offer can give you an edge. If you’re a Qualified Mortgage (QM) broker considering adding Non-Qualified Mortgages (Non-QM) to your product offering toolkit, we’ve put together a simple overview of QM…