Homeownership Could Be in Reach with Down Payment Assistance Programs

Written by Gulf Breeze Mortgage Syndicated User on June 29, 2022. Posted in Buying Myths, Down Payments, For Buyers, Gulf Breeze Mortgage, Mortgage Gulf Breeze.

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your homeownership goals. The key is understanding where to look and learning what options are available. Here’s some information that can help you. You Can Qualify Even if You’ve Purchased a Home Before There are several misconceptions about...

Three Tips for First-Time Homebuyers

Written by Gulf Breeze Mortgage Syndicated User on May 5, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Mortgage Gulf Breeze.

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start. Here are three things that can help give you the information you need to confidently pursue your dream of homeownership. 1. Consider All Options When the Number of Homes for Sale Is Low Today, there are far more buyers in the market than there are homes available for sale....

Things That Could Help You Win a Bidding War on a Home

Written by Gulf Breeze Mortgage Syndicated User on May 3, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Mortgage Gulf Breeze, Move-Up Buyers, Pricing.

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below): The same report from NAR shows the average buyer made two offers before getting their third offer accepted. In this type of competitive housing market, it’s important to know what levers you can pull to help you beat the competition....

What You Need To Budget for When Buying a Home

Written by Gulf Breeze Mortgage Syndicated User on April 5, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Mortgage Gulf Breeze, Move-Up Buyers.

When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll need to budget for throughout the process. To get you started, here are a few things experts say you should plan for along the way. 1. Down Payment As you set your savings goal for your purchase, your down payment is likely already top of mind. And, like many other people, you may believe you...

Key Terms for Homebuyers [INFOGRAPHIC]

Written by Gulf Breeze Mortgage Syndicated User on March 11, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Infographics, Interest Rates, Mortgage Gulf Breeze, Move-Up Buyers.

Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction. Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Let’s connect so you have an expert guide and advice for any questions that may come up. Content previously...

Down Payment Assistance Programs Can Help You Achieve Homeownership

Written by Gulf Breeze Mortgage Syndicated User on March 2, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Mortgage Gulf Breeze, Move-Up Buyers.

For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market. That’s why, when asked what they find most difficult in the homebuying process, some buyers say it’s one of the hardest steps on the path to homeownership. Data from the National Association of Realtors (NAR) shows: “For first-time home buyers, 29 percent said saving for a downpayment [sic] was the most difficult step in the process.” If you’re finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that can...

Millennials: Do You Need a Home with More Space?

Written by Gulf Breeze Mortgage Syndicated User on February 28, 2022. Posted in Demographics, Down Payments, For Buyers, For Sellers, Gulf Breeze Mortgage, Millennials, Mortgage Gulf Breeze, Move-Up Buyers.

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home. If that’s the case, you’re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal states: “They...

How To Win as a Buyer in a Sellers’ Market [INFOGRAPHIC]

Written by Gulf Breeze Mortgage Syndicated User on February 11, 2022. Posted in Down Payments, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Infographics, Mortgage Gulf Breeze, Move-Up Buyers.

Some Highlights Even in today’s sellers’ market, there are still ways for buyers to win big. Build a team of trusted professionals and make strategic plays as you budget and pick your desired neighborhoods. Then, be ready for the competition by getting a pre-approval letter and leaning on your expert advisors to draft a winning offer. In a sellers’ market, you can still be the champion if you have the right team and strategy. Let’s connect today to make your game-winning play. Content previously posted on Keeping Current Matters

Don’t Let Student Loans Delay Your Homeownership Dreams

Written by Gulf Breeze Mortgage Syndicated User on February 8, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Mortgage Gulf Breeze.

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt? To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize. Do you have to delay your plans because of student loans? If...

How To Hit Your Homebuying Goals This Year [INFOGRAPHIC]

Written by Gulf Breeze Mortgage Syndicated User on January 7, 2022. Posted in Down Payments, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Infographics, Mortgage Gulf Breeze, Move-Up Buyers.

Some Highlights If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals. It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and get pre-approved so you know how much you can borrow. Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year. Content previously posted on Keeping Current Matters

Category: Down Payments