Key Terms To Know When Buying a Home [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on January 13, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Is It Time To Sell Your Second Home?

Written by Marathon Florida Keys Mortgage on January 12, 2023. Posted in For Sellers, Housing Market Updates, Luxury Market, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Today’s Housing Market Is Nothing Like 15 Years Ago

Written by Marathon Florida Keys Mortgage on January 11, 2023. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

The Truth About Negative Home Equity Headlines

Written by Marathon Florida Keys Mortgage on January 10, 2023. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

What Experts Are Saying About the 2023 Housing Market

Written by Marathon Florida Keys Mortgage on January 9, 2023. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023?

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

[:en]Your Market Knowledge Will Determine Your Success in 2023 [LIVE WEBINAR][:]

Written by Marathon Florida Keys Mortgage on January 7, 2023. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

[:en][:]

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on January 6, 2023. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Some Highlights If you’re planning to buy a home in 2023, here are a few things to focus on. Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them. Reach out to a real estate professional so you have expert advice on how to reach your homebuying goals this year.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

3 Best Practices for Selling Your House This Year

Written by Marathon Florida Keys Mortgage on January 5, 2023. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and ensure you’re feeling confident in your decision is to keep these three best practices in mind. 1. Price Your Home Right The housing market shifted in 2022 as mortgage rates rose, buyer demand eased, and the number of homes for sale grew. As a seller, you’ll want to recognize things are different now and price...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Avoid the Rental Trap in 2023

Written by Marathon Florida Keys Mortgage on January 4, 2023. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Wondering How Much You Need To Save for a Down Payment?

Written by Marathon Florida Keys Mortgage on January 3, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be. Understand 20% Isn’t Always the Typical Down Payment Freddie Mac explains: “. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the largest perceived barriers to achieving homeownership.” Unless specified by your loan type...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

What Are Your Goals in the Housing Market This Year?

Written by Marathon Florida Keys Mortgage on January 2, 2023. Posted in First Time Home Buyers, For Buyers, Interest Rates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That’s why it’s critical to have a clear understanding of not just the market today, but also what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Here’s to a Wonderful 2023!

Written by Marathon Florida Keys Mortgage on December 30, 2022. Posted in Holidays, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Time-sensitive, Uncategorized.

Content previously posted on Keeping Current Matters

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Planning To Sell Your House? It’s Critical To Hire a Pro.

Written by Marathon Florida Keys Mortgage on December 29, 2022. Posted in For Sellers, FSBOs, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted housing market expert. Here are five reasons working with a professional can ensure you’ll get the most out of your sale. 1. A Real Estate Advisor Is an Expert on Market Trends Leslie Rouda Smith, 2022 President of the National Association of Realtors (NAR), explains: “During challenging...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Written by Marathon Florida Keys Mortgage on December 28, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of 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 purchases that could disqualify you...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Confused About What’s Going on in the Housing Market? Lean on a Professional.

Written by Marathon Florida Keys Mortgage on December 27, 2022. Posted in Buying Myths, For Buyers, For Sellers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. 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. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.” Unfortunately,...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Financial Fundamentals for First-Time Homebuyers

Written by Marathon Florida Keys Mortgage on December 26, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate. While there are many factors that go into your mortgage application, a higher credit score could lead to a lower monthly payment in the long run. So how do you make sure your credit is in the best...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

What Makes a House a Home?

Written by Marathon Florida Keys Mortgage on December 22, 2022. Posted in First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read a book in a favorite chair, the emotional connections to our homes can be just as important as the financial ones. Here are some of the things that make a house a home. 1. You Can Be Proud of Your Accomplishment Buying...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

What To Expect From the Housing Market in 2023

Written by Marathon Florida Keys Mortgage on December 21, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Pricing.

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on buyer activity, the balance between supply and demand, and ultimately home prices. And as all those things changed, some buyers and sellers put their plans on hold and decided to wait until the market felt a bit more predictable. But...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Format Testing

Written by Marathon Florida Keys Mortgage on December 21, 2022. Posted in drama, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Uncategorized.

This is normal. This is bold. Italics baby. This is a list Bottom Line No matter what, be yourself. Content previously posted on Keeping Current Matters

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Homeowners Still Have Positive Equity Gains over the Past 12 Months

Written by Marathon Florida Keys Mortgage on December 20, 2022. Posted in For Sellers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Pricing.

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially. And while home price appreciation has moderated this year, and even depreciated slightly in some overheated markets, that...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Mortgage Rates Are Dropping. What Does That Mean for You?

Written by Marathon Florida Keys Mortgage on December 19, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying: “Mortgage rates dropped even further this week as two main factors affecting today’s mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

2023 Housing Market Forecast [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on December 16, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) National Association of Realtors (NAR) Mortgage Bankers Association (MBA) Fannie Mae Freddie Mac Zelman & Associates Greg McBride, Chief Financial Analyst, Bankrate Content previously posted on Keeping Current Matters

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Tag: #marathonflmortgage