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Tag: #merrittislandflmortgage

Why Rising Mortgage Rates Push Buyers off the Fence

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

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy. A...

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If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

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.

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy before mortgage rates rise more To buy before home prices go even higher These buyer needs give you an amazing advantage – also known as leverage – when you sell. What Does This Mean for Sellers Today? You might already realize this enables you to sell at a good...

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Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC]

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

Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide. In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves. If you’re thinking about selling your house, let’s connect so you have expert advice that’s customized to your home and our local area. Content previously posted on Keeping Current Matters

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What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

Written by Merritt Island FL Mortgage Syndicated User on . Posted in Distressed Properties, Foreclosures, Housing Market Updates, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time. 1. There Are Fewer...

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