Your Tax Refund Can Help You Achieve Your Homebuying Goals

Written by Jupiter Island Mortgage Syndicated User on April 13, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state:According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year and thinking about buying a home, here are a few tips to keep:Saving...

Trying To Buy a Home? Hang in There.

Written by Jupiter Island Mortgage Syndicated User on April 7, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, 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...

How Changing Mortgage Rates Can Affect You

Written by Jupiter Island Mortgage Syndicated User on April 4, 2023. Posted in Buying Myths, For Buyers, Interest Rates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage.

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...

Facts About Closing Costs [INFOGRAPHIC]

Written by Jupiter Island Mortgage Syndicated User on April 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

Balancing Your Wants and Needs as a Homebuyer This Spring

Written by Jupiter Island Mortgage Syndicated User on March 16, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: “While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”The current housing shortage has an impact on how you search for a home this spring. With limited options on...

An Expert Gives You Clarity in Today’s Housing Market

Written by Jupiter Island Mortgage Syndicated User on March 15, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, 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 Jupiter Island Mortgage Syndicated User on March 11, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Rent vs. Buy.

How To Make Your Dream of Homeownership a Reality

Written by Jupiter Island Mortgage Syndicated User on February 24, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, 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 Jupiter Island Mortgage Syndicated User on February 8, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, Move-Up Buyers.

Think Twice Before Waiting for 3% Mortgage Rates

Written by Jupiter Island Mortgage Syndicated User on January 18, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Jupiter Island Florida Mortgage Rates, Jupiter Island Mortgage, 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.

Category: Buying Myths