Real Estate Source Florida

With rent prices going up 8-10% annually in some markets now is the time to buy a home. The qualifications are very similar when it comes to renting and buying most property management companies nowadays require 3x the rent amount in verifiable income to prove that you can afford to pay for the rent in the property that you’re living at. For instance if the home is renting for $2500 a month you need to show $7500 income. That’s $90,000 a year depending on your debt to income ratio you could qualify for a home at $350,000 also they will do a credit checks most companies require 640 credit or above. The time is now feel free to call me or DM for a free consultation.

Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC] | Keeping Current Matters Some Highlights When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and you benefit directl...

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price | Keeping Current Matters For generations, the process of buying and selling a home never really changed.

FHA Adds New Help for Homeowners Impacted by COVID-19 In addition to a foreclosure extension, owners with an FHA home loan now have forbearance extension options and can find help via FHA’s new outreach program.

CFPB Issues Rules to Create Smooth Forbearance Transition The consumer bureau’s acting director, Dave Uejio, says the foreclosure-ban end will “drain billions of dollars in wealth from the Black and Hispanic communities.” The rules require lenders to assertively help homeowners stay in their homes and understand their options.

House prices surge by more than 13% in June compared to last year — Daily Mail The average house price across the UK in June was £245,432, Nationwide Building Society said. Prices were up by 0.7 per cent month-on-month, following a 1.7 per cent increase in May.

The 30-Year Mortgage Rate Inches Higher — Money The average rate for a 30-year mortgage is starting the week at 3.438%, slightly higher than the 3.425% seen on Friday. Rates for other loan types are higher as well.

Homeowners previously in COVID mortgage forbearance can qualify for low-income refinance – here's how — Fox News After launching its new refinance option for low-income homeowners, Fannie Mae is now expanding its program in order to include those who have been in forbearance due to COVID-19.

Why Home Buyers Are Struggling In This Ultra-Competitive Landscape — Forbes First time homebuyers and seasoned homebuyers alike are finding themselves frustrated when they bid over asking price, without concessions, only to be declined over and over.