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Tag: #nokomismortgagecompany

Why Today’s Foreclosure Numbers Are Nothing Like 2008

Written by Nokomis Mortgage Syndicated User on . Posted in Distressed Properties, Foreclosures, Housing Market Updates, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today.According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you...

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Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

Written by Nokomis Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates, Pricing.

Some HighlightsWith so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.

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Florida Mortgage | Why It’s Easy To Fall in Love with Homeownership

Written by Nokomis Mortgage Syndicated User on . Posted in Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Florida Mortgage | Why It’s Easy To Fall in Love with Homeownership | There are many reasons why it’s easy to fall in love with homeownership. If you’re ready to find the home of your dreams, let’s get you Pre-Approved! NMLS ID 1834853 #floridahomeownership #mortgagepreapproval #floridamortgagecompany

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The Three Factors Affecting Home Affordability Today

Written by Nokomis Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates, Pricing.

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.1. Mortgage RatesWhile mortgage rates are higher than they were a year ago, they’ve hovered primarily between...

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The Power of Pre-Approval

Written by Nokomis Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Move-Up Buyers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to find the right house and act quickly when you go to put in an offer. One thing you can do to help you prepare is to get pre-approved.To understand why it’s such an important step, you need to know what pre-approval is. As part of the process, a lender looks at your finances to determine what they’d be willing to loan you. From...

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Florida Mortgage | Mortgage Rates Historically Decline in Recessions

Written by Nokomis Mortgage Syndicated User on . Posted in Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Florida Mortgage | Mortgage Rates Historically Decline in Recessions | Two in three economists are forecasting a recession in 2023, but you don’t need to fear the word recession when it comes to the housing market. NMLS ID 1834853 #floridamortgage #recession2023 #floridarealestate

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