Categories
Home Buying Mortgages Real Estate

Which Down Payment Strategy is Right for You?

Front elevation of a home for sale in Central Park in Lakewood Ranch, FL

While you are still at a bit of a disadvantage using financing in our area due to the extreme seller’s market, it is slowly looking better for buyers. Accordingly, I thought I would revisit the financing question. You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.

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Home Buying Home Selling Real Estate

Protect Yourself from Wire Fraud

As fraudsters continue to become more creative, it is critical that we stay vigilant. Here are some tips for your real estate transaction.

Categories
Home Buying Home Prices Mortgages Real Estate

Mortgage Interest Rate Update

We saw mortgage interest rates continue to trend higher in the last 30 days. The recent change will cost new borrowers another $7.50 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.01% as of this week. Last month at this time, they were sitting at 2.87%. Of course, both are historically low.

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Home Buying Real Estate

Make Sure Your Closing Goes Well

Categories
Home Buying Home Selling Real Estate

Maximizing the Value of Your Real Estate Agent

This infographic from NAR is helpful in framing how you can ensure you get the most out of the relationship with your real estate agent.