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Category: Key Largo Mortgage Rates

Monroe County is the southernmost county in Florida. It stretches more than 100 miles from Key Largo to Key West and is surrounded by the Atlantic Ocean to the east and the Gulf of Mexico to the west. Its key population centers include Key Largo, Islamorada, Tavernier, Marathon, Big Pine Key and Key West.

The Florida Keys are renowned for being among the most pre-eminent fishing and diving destinations in the world. Recreation options include fishing, diving, kayaking, camping, bicycling and assorted other water and outdoor sports.

Why Moving to a Smaller Home After Retirement Makes Life Easier

Written by Key Largo Mortgage Syndicated User on . Posted in Downsize, Equity, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Tips.

Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs. If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. To find out if a smaller, more manageable home might be the perfect fit for your new lifestyle, ask yourself these questions: Do the original reasons I bought my current house still stand, or have my needs changed since then? Do I really...

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The Price of Perfection: Don’t Wait for the Perfect Home

Written by Key Largo Mortgage Syndicated User on . Posted in Agent Value, Buying Tips, First-Time Buyers, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates.

In life, patience is a virtue – but in the world of homebuying, waiting too long in hopes of finding the perfect home actually isn’t wise. That’s because the pursuit of perfection comes at a cost. And in this case, that cost may be delaying your dream of homeownership. As Bankrate explains: “One of the most common first-time homebuyer mistakes is looking for a home that checks each of your boxes. Looking for perfection can narrow your choices and lead you to pass over good, suitable options for starter homes in the hopes that something better will come along.” The Cost of Holding...

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Why Your Asking Price Matters Even More Right Now

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Tips.

If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing. While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers have more options and your house may not stand out as much, if it’s not priced right. Those two factors combined are why the asking price you set for your house is more...

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Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008

Written by Key Largo Mortgage Syndicated User on . Posted in Economy, Foreclosures, Inventory, Key Largo Mortgage, Key Largo Mortgage Rates.

Even if you didn’t own a home at the time, you probably remember the housing crisis in 2008. That crash impacted the lives of countless people, and many now live with the worry that something like that could happen again. But rest easy, because things are different than they were back then. As Business Insider says: “Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond.” Here’s why experts are so confident. For the market (and home prices) to crash, there...

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Things To Avoid After Applying for a Mortgage [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Tips, For Buyers, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

Some Highlights There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table. Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone. Here’s a good rule of thumb. Always connect with your loan officer before making any financial decisions once you’ve started the mortgage process.

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Homeownership: The Heart of the American Dream

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Tips, Equity, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates.

Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream. A recent survey by Bankrate reveals exactly that: homeownership is still a part of the American Dream. The results show, at 78%, that owning a home tops the list, surpassing other significant milestones such as retirement, having a successful career, and more (see below): So, why is buying a home important to so many today? One reason is the financial and physical...

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Homeowners Gained $28K in Equity over the Past Year

Written by Key Largo Mortgage Syndicated User on . Posted in Equity, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Tips.

If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners. How Much Equity Have You Earned over the Past 12 Months? According to the latest Homeowner...

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Real Estate Still Holds the Title of Best Long-Term Investment

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Tips, For Buyers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision. According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes: But why does...

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What To Do When Your House Didn’t Sell

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Tips.

If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment. And as you’re working through that, you’re probably also wondering what went wrong and what you should do next. If you still need to move and want to get it back on the market, here are some things to consider as you look back. Was It Priced for Today’s Market? Setting the right price from the start is key. While it might be tempting to try shooting high with your price, that can slow down the selling process big time. If your house was priced higher than others similar...

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Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in Forecasts, Home Prices, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

Some Highlights Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady. If you have questions about what to expect for the rest of the year, connect with a local agent to have a conversation about what it means for you and your plans.

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