Things To Avoid After Applying for a Home Loan

Written by 30a Beach Mortgage Syndicated User on June 23, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, First Time Home Buyers, For Buyers, Move-Up Buyers.

Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few 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...

Why Achieving the Dream of Homeownership Can Be More Difficult for Some Americans

Written by 30a Beach Mortgage Syndicated User on June 21, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, First Time Home Buyers, For Buyers, Housing Market Updates.

Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color. The Gap in Homeownership Rate in America It’s a more challenging journey to achieve homeownership for some buyers, as shown by the measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, Census data shows the lowest homeownership rate persists in the Black community (see graph below): This...

Home Price Deceleration Doesn’t Mean Home Price Depreciation

Written by 30a Beach Mortgage Syndicated User on June 17, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, For Buyers, For Sellers, Housing Market Updates, Pricing.

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slower pace. Where Home Prices Have Been in Recent Years For starters, you’ve probably heard home prices have skyrocketed over...

Is the Housing Market Correcting?

Written by 30a Beach Mortgage Syndicated User on June 15, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, For Buyers, For Sellers, Housing Market Updates.

If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way. Record-low mortgage rates and millennials reaching peak homebuying years led to an influx of buyer demand. At the same time, there weren’t enough homes available to purchase thanks to many years...

More Americans Choose Real Estate as the Best Investment Than Ever Before

Written by 30a Beach Mortgage Syndicated User on June 14, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, For Buyers, Housing Market Updates.

Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before. The graph below shows the results of the survey since Gallup began asking the question in 2011. As the trend lines indicate, real estate has been gaining ground as the clear favorite for almost a decade now: If you’re thinking about purchasing a home, let this poll reassure you. Even when inflation is high like today, Americans recognize...

The Top Reasons To Own Your Home [INFOGRAPHIC]

Written by 30a Beach Mortgage Syndicated User on June 11, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers.

Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re considering homeownership, know that it can give you privacy, comfort, and a place to express yourself. It can also provide financial stability and help you grow your net worth. Are you ready to experience all the great benefits that come from purchasing a home? Let’s connect to begin the process today. Content previously posted on Keeping Current Matters

What Are the Best Options for Today’s First-Time Homebuyers?

Written by 30a Beach Mortgage Syndicated User on June 9, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, First Time Home Buyers, For Buyers.

If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold. If you partner with a trusted real estate advisor and hone your strategy, you can navigate today’s market and find the home you’re looking for. Here are two tips to help you get started. Work with a Professional To Prioritize Your Wish List If you’re having trouble finding a home in your budget that checks all the boxes,...

Why the Growing Number of Homes for Sale Is Good for Your Move Up

Written by 30a Beach Mortgage Syndicated User on June 8, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers.

Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer. According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph below): While this news has clear benefits for buyers who are craving more options for their home search, what does that mean...

History Proves Recession Doesn’t Equal a Housing Crisis [INFOGRAPHIC]

Written by 30a Beach Mortgage Syndicated User on June 4, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, For Buyers, For Sellers, Housing Market Updates, Infographics, Pricing.

Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. Content previously posted on Keeping Current Matters

How Homeownership Impacts You

Written by 30a Beach Mortgage Syndicated User on June 3, 2022. Posted in 30a Beach Mortgage, 30a Beach Mortgages, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy.

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. The Emotional Benefits of Homeownership Because it’s a place that’s uniquely yours, owning a home can give you a sense of pride and happiness in several ways. Your Home Can Reflect Your Tastes and Personality Investopedia...

Category: For Buyers