Real Estate News

Foreclosures in Central Florida

Posted: July 30th, 2019

Foreclosures are houses that are on the market and can be purchased at a great price. The foreclosure usually occurs either as a result of the owner being unable to sell the property or because he or she failed to pay the mortgage, which resulted in the lending company assuming it and listing it for sale in an effort to recover expenses. Foreclosure affects thousands of Americans each year, with an average of 1 out of every 200 homes in the U.S. being foreclosed upon.   What Causes Foreclosure? It’s not something any homeowner ever plans on encountering, but it happens quite...

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Why Is The Younger U.S. Population Renting As Opposed to Buying Homes?

Posted: May 6th, 2019

Over the decades, there has been a certain order to things. In the 50s and 60s, individuals would get married, buy a home and have kids. Over the years, the process of living life has changed. Today’s younger population in the US are no longer worried about getting married, buying a home and having children, or at least not in that order. Millennials are moving away from buying homes and are renting instead. But why? In most instances, it is much cheaper to buy a home than rent. Rising Home Prices The younger generation has several reasons as to why they choose to rent instead of...

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How a Good Credit Score Relates to Lower Interest Rates When Mortgage Shopping

Posted: May 6th, 2019

When it comes to owning a new home in central Florida, a good credit score is essential. When you have a good credit score, you are able to earn a lower interest rate, which impacts the overall amount you can borrow as well as what your monthly mortgage payment will be. The interest rate also affects the time frame in which you can pay off your mortgage. Having a good credit score ensures success when it comes to a new mortgage. Your credit score is a primary factor a lender will look at when determining the interest rate, you qualify for based on your credit history. A bad credit score...

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Central Florida Interest Rates - Previously Increased Rates Are Now Lowered

Posted: May 6th, 2019

During the presidential election time frame, the interest rates for a home mortgage started to rise. As the state of the nation was unclear, depending on who would become the president. Rates started really increasing once the presidential election was completed and about year later the rates peaked. The rates have been decreasing though and are almost back to where they were before the election began. If you were considering a home purchase at that time, it might not have been a reality based on the interest rates. Now, interest rates are much lower, making it a great time to buy in...

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