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Category: Merritt Island FL Condo Financing

At Fidelity Home Group, we are Merritt Island FL Condo Mortgage Experts. We offer more options, more transparency and a simpler way to find the right mortgage program for your unique situation.

Merritt Island is a census-designated place in Brevard County, Florida, United States, located on the eastern Floridian coast, along the Atlantic Ocean. The population was 34,518 at the 2020 census. It is part of the Palm Bay – Melbourne – Titusville, Florida Metropolitan Statistical Area.

The Big Advantage If You Sell This Spring

Written by Merritt Island FL Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares:“. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .”The National Association of Realtors (NAR) confirms today’s housing inventory is low by looking at the months’ supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower is a sellers’ market. And today,...

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Florida Mortgage | Why a Smaller Home May Be the Best Fit

Written by Merritt Island FL Mortgage Syndicated User on . Posted in Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

Florida Mortgage | Why a Smaller Home May Be the Best Fit | Are you a homeowner starting to plan where you’ll live when you retire? Let’s explore today’s downsizing opportunities so you can better understand your options. NMLS ID 1834853 #floridarealestate #floridahousingmarket #fidelityhomegroup

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Homebuyer Activity Shows Signs of Warming Up for Spring

Written by Merritt Island FL Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest:“Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are back in the market, although more subdued compared to a year ago.”We know buyer activity is trending up because of mortgage purchase application data. According to Investopedia:“A mortgage application is a document submitted to a lender when you apply for...

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Trying To Buy a Home? Hang in There.

Written by Merritt Island FL Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Move-Up Buyers, Pricing.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments...

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Why Aren’t Home Prices Crashing?

Written by Merritt Island FL Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:“[H]ome prices...

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Two Reasons You Should Sell Your House

Written by Merritt Island FL Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Selling Myths.

Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):Let’s break those reasons down and explore how they might resonate with you.1. I Want To Take Advantage of the Current Market and Make a ProfitWhen you decide to sell your house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average seller...

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How Changing Mortgage Rates Can Affect You

Written by Merritt Island FL Mortgage Syndicated User on . Posted in Buying Myths, For Buyers, Interest Rates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment:Even a 0.5% change can have a big impact on your monthly payment. And since rates have been moving between 6% and 7% for a while now, you can see how it impacts your purchasing power as rates go down.What This Means for YouYou may be tempted...

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