Things To Avoid After You Apply for a Mortgage

Written by Boca Raton Mortgage Syndicated User on April 5, 2025. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Tips, For Buyers, Infographics.

Some HighlightsOnce a lender has reviewed your finances as part of the homebuying process, you want to be as consistent as possible. Don’t make any big changes that could affect your mortgage application.Here are a few tips. Don’t change bank accounts or apply for new credit. And this one may surprise you, don’t buy appliances or furniture for your next home yet either.The best tip of all? Before you do anything financial in nature, talk to your lender first.

The #1 Thing Sellers Need To Know About Their Asking Price

Written by Boca Raton Mortgage Syndicated User on April 4, 2025. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Home Prices, Selling Tips.

When you put your house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has grown. The side effect? Price cuts are on the rise, but they really don’t have to be. Here’s why.According to data from Realtor.com, in February, price cuts were the highest they’ve been in any other February since 2019 (see graph below):If you consider that 2019 was the last true normal year for the housing market – that’s a big deal. We’re...

Townhomes: A Smart Solution for Today’s First-Time Buyers

Written by Boca Raton Mortgage Syndicated User on April 3, 2025. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, First-Time Buyers, For Buyers, Inventory.

Buying your first home in today’s market can feel tough. Between high home prices and mortgage rates, affordability is still a big challenge. And some buyers are making one simple trade-off that’s getting them in the door faster: square footage.According to the National Association of Home Builders (NAHB), 35% of buyers are willing to purchase something smaller to make homeownership happen. And one place you can usually find a smaller footprint (and sometimes better affordability) is in townhomes.Why Townhomes Are Gaining PopularityTownhomes typically cost less than single-family homes due...

Here’s What a Recession Could Mean for the Housing Market

Written by Boca Raton Mortgage Syndicated User on April 2, 2025. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, For Sellers, Home Prices.

Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession.Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s.A Recession Doesn’t Mean Home Prices Will FallMany people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since.In fact,...

Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again

Written by Boca Raton Mortgage Syndicated User on April 1, 2025. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, For Buyers, Inventory.

Last year, 70% of buyers abandoned their home search – and maybe you were one of them. It makes sense. Inventory was low, prices were high, and mortgage rates were up and down like a rollercoaster. All of that made it really hard to find a home you loved – and could afford.But guess what? The market is shifting.So, if you paused your moving plans in 2024, it might be time to hit play again. Here’s why.More Inventory Opens Up More OptionsEven if you could make the numbers work, the lack of available homes in recent years probably made it hard to come by something that fit your needs. But...

Bright & Smart: Coding & Robotics-SPRING BREAK

Written by Boca Raton Mortgage Syndicated User on March 31, 2025. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates.

Event date: March 31, 2025 Event Time: 08:30 AM – 03:00 PMLocation: 300 S Military TrailBOCA RATON, FL 33486Description:In this program, participants will gain valuable skills such as attention to detail, estimation, collaboration, teamwork, communication, empathy, and learning from failure by designing, creating, building, and programming robots. Teamwork and passion are essential for the successful completion of this mission. Participants are grouped into teams of two based on their abilities, skills, and age to achieve program objectives.

National Housing Trends To Watch

Written by Boca Raton Mortgage Syndicated User on March 29, 2025. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Home Prices, Infographics, Inventory.

Some HighlightsAt a national level, the housing market has shifted over the past year.There are more homes for sale, price growth has moderated, and homes are taking a little longer to sell.Do you want to know how your area compares? Connect with a real estate agent to go over what’s happening locally and what this means for you.

Buyers Have More Negotiation Power – Here’s How To Use It

Written by Boca Raton Mortgage Syndicated User on March 28, 2025. Posted in Agent Value, Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Tips, For Buyers.

You may have heard there are more homes for sale right now. And while that’ll vary depending on the market, it means that overall, things are starting to lean in a more balanced direction. As that happens, some sellers are a bit more open to compromise. Here’s what that means for you.You may be regaining some negotiating power. That can translate into savings, perks, or even better terms on your purchase – if you know what levers to pull during negotiation.Why an Agent Is an Essential Part of the Negotiation ProcessThe complicated part is knowing what is and isn’t on the table. That’s where...

Why Pre-Approval Is More Important Than Ever This Spring

Written by Boca Raton Mortgage Syndicated User on March 27, 2025. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Tips, For Buyers.

Spring is here, and so is the busiest season in real estate. More buyers are out looking for homes, which means more competition for you. If you want to put yourself in the best position to buy, there’s one step you can’t afford to skip, and that’s getting pre-approved for a mortgage.Some buyers think they can wait until they’ve found a home they love before talking to a lender. But in a season where homes can sell fast, that’s a risky move. Getting pre-approved before you start your search is a much better bet.Here’s what you need to know about this early step in the buying process.What Is...

The Best Week To List Your House Is Almost Here – Are You Ready?

Written by Boca Raton Mortgage Syndicated User on March 26, 2025. Posted in Agent Value, Boca Raton Mortgage, Boca Raton Mortgage Rates, For Sellers, Selling Tips.

If selling your house is on your to-do list this year, the time to start prepping is now. That’s because experts say the best week to list your house is coming up fast.A recent Realtor.com study analyzed years of housing market trends (excluding 2020 since it was an outlier) and found that April 13–19 is expected to be the ideal window to put your house on the market this year:“. . . we’ve identified April 13-19 as the best week to list for sellers . . . a seller listing a well-priced, move-in ready home is likely to find success. Because spring is generally the high season for real estate...

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