An Expert Gives You Clarity in Today’s Housing Market

Written by 30a Beach Mortgage Syndicated User on March 15, 2023. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Selling Myths.

The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process.A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now. Jay Thompson, Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry....

Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Written by 30a Beach Mortgage Syndicated User on March 11, 2023. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, First Time Home Buyers, For Buyers, Infographics, Rent vs. Buy.

How To Make Your Dream of Homeownership a Reality

Written by 30a Beach Mortgage Syndicated User on February 24, 2023. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers.

According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

Written by 30a Beach Mortgage Syndicated User on February 8, 2023. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers.

Think Twice Before Waiting for 3% Mortgage Rates

Written by 30a Beach Mortgage Syndicated User on January 18, 2023. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers.

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Written by 30a Beach Mortgage Syndicated User on January 14, 2023. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers.

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Written by 30a Beach Mortgage Syndicated User on December 29, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, First Time Home Buyers, For Buyers.

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer. Don’t Make Any Large Purchases It’s not just home-related purchases that could disqualify you from...

Confused About What’s Going on in the Housing Market? Lean on a Professional.

Written by 30a Beach Mortgage Syndicated User on December 28, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, For Buyers, For Sellers, Selling Myths.

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.” Unfortunately,...

Financial Fundamentals for First-Time Homebuyers

Written by 30a Beach Mortgage Syndicated User on December 27, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, Down Payments, First Time Home Buyers, For Buyers.

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate. While there are many factors that go into your mortgage application, a higher credit score could lead to a lower monthly payment in the long run. So how do you make sure your credit is in the best...

Mortgage Rates Are Dropping. What Does That Mean for You?

Written by 30a Beach Mortgage Syndicated User on December 20, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers.

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying: “Mortgage rates dropped even further this week as two main factors affecting today’s mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a result,...

Category: Buying Myths