Skip to main content
Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (386) 456-6380
Apply Now

Tag: #keylargocondomortgage

Falling Mortgage Rates Are Bringing Buyers Back

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

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent. After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don’t control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed...

Continue reading

The Latest Builder Trend: Smaller, Less Expensive Homes

Written by Key Largo Mortgage Syndicated User on . Posted in Affordability, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates, New Construction.

Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you’re worried about finding a home that’s right for your budget.  Builders Are Building Smaller Homes  During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home...

Continue reading

Mortgage Rates Drop to Lowest Level in over a Year and a Half

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

Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at Freddie Mac, says: “Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.” But if you want to see it to really believe it, here’s how the math shakes out. Take a closer look...

Continue reading

The Best Time To Buy a Home This Year

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

A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is here.  The experts at Realtor.com study seasonal trends to figure out the ideal week for homebuyers: “Nationally, the best time to buy in 2024 is the week of Sept. 29–Oct. 5. This week historically has shown the best balance of market conditions that favor buyers. Inventory tends to be high,...

Continue reading

Checklist for Getting Your House Ready To Sell

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

Some Highlights Getting your house ready to sell? Here’s a few tips on what you may want to do to prepare. Focus on making it inviting, showing it’s cared for, and boosting your curb appeal. If you want specific advice to help your house stand out in your local market, connect with a real estate professional.?

Continue reading

What To Know About Closing Costs

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

Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process. And while your down payment is probably the number one expense on your mind, don’t forget about closing costs. Here’s what you need to know. What Are Closing Costs? Simply put, your closing costs are the additional fees and payments you have to make at closing. And while they’ll vary based on the price of the home and how it’s being financed, every buyer has these, so they shouldn’t be a surprise. It’s just that some...

Continue reading

The Real Story Behind What’s Happening with Home Prices

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

If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move. As a buyer, you might be worried about paying more than you should. And if you’re thinking of selling, you might be concerned about not getting the price you’re aiming for.  So, here’s a quick breakdown to help clear things up and show you what’s really happening with prices—whether you’re thinking about buying or selling.  Home Price Growth Is Slowing, but Prices Aren’t Falling Nationally...

Continue reading

Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List

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

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage. That’s when a lender looks at your finances, including things like your W-2, tax returns, credit score, and bank statements, to figure out what they’re willing to loan you. After that process, you’ll get a pre-approval letter to show what you can borrow. Here are two reasons why this is essential in today’s market. Pre-Approval Helps You Know Your Numbers While home...

Continue reading

The Surprising Amount of Home Equity You’ve Gained over the Years

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

There are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have a big impact on your equity. How Long You’ve Been in Your Home First up is homeowner tenure. That’s how long homeowners live in a house, on average, before selling or choosing to move. From 1985 to...

Continue reading

Early Forecasts for the 2025 Housing Market Infographic

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

Some Highlights Thinking about making a move in 2025 and wondering what you can expect? Here’s what expert forecasts say lies ahead. Mortgage rates will come down slightly. More homes will sell. And prices will rise more moderately.  Connect with a local agent to discuss what these forecasts mean for your move and what to expect from your local market in 2025.

Continue reading