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Author: St. Augustine Mortgage Syndicated User

Why You May Want To Seriously Consider a Newly Built Home

Written by St. Augustine Mortgage Syndicated User on . Posted in For Sellers, Selling Myths, St. Augustine, St. Augustine Mortgage.

Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.Near-Record Percentage of New Home InventoryNewly built homes are becoming an increasingly significant part of today’s housing inventory. According to the most recent report from the National Association of Home Builders (NAHB):“Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical average.”That...

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Homeownership Is Still at the Heart of the American Dream

Written by St. Augustine Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, St. Augustine, St. Augustine Mortgage.

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow:“The American Dream is still owning a home. There’s a lot of pent-up demand for ownership; that isn’t going to go away.”Let’s explore just a few of the reasons why so many Americans continue to value homeownership. The Financial Benefits of Owning a HomeOne possible reason homeownership is viewed so highly is because owning...

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Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]

Written by St. Augustine Mortgage Syndicated User on . Posted in Buying Myths, For Buyers, Housing Market Updates, Infographics, Pricing, Rent vs. Buy, St. Augustine, St. Augustine Mortgage.

Some HighlightsIf you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028.Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years. If you’re worried about falling home prices, don’t be. Many experts forecast they’ll keep rising for years to come. If you have questions, ask a local real estate agent.

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The Dramatic Impact of Homeownership on Net Worth

Written by St. Augustine Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy, St. Augustine, St. Augustine Mortgage.

If you’re trying to decide whether to rent or buy a home this year, here’s a powerful insight that could give you the clarity and confidence you need to make your decision.Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares net worth for homeowners and renters. The latest report shows the average homeowner’s net worth is almost 40X greater than a renter’s (see graph below):One reason a wealth gap exists between renters and homeowners is because when you’re a homeowner, your equity grows as your home appreciates in value and you make...

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St. Augustine Music Festival

Written by St. Augustine Mortgage Syndicated User on . Posted in Art, Culture & Music, Culture & Music, Family Friendly, St. Augustine, St. Augustine Festivals, St. Augustine Mortgage, Things to Do.

Photo provided by SAMF Facebook Page Mark Your Calendar Date: June 21-23 and June 28-30, 2024 Time:  7:30pm Location: Cathedral Basilica of St. Augustine Visit The Wesbite Get Directions About the St. Augustine Music Festival Head to the Cathedral Basilica for the St. Augustine Music Festival — Friday, Saturday, and Sunday – June 21-23 and June 28-30, 2024. Experience the largest Free world class music festival in the USA in a setting where the acoustics are great. The festival brings together world-class musicians from the Jacksonville Symphony Orchestra who are joined by internationally...

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Avoid These Common Mistakes After Applying for a Mortgage

Written by St. Augustine Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, St. Augustine, St. Augustine Mortgage.

If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s a list of things to remember when you apply for your home loan.Don’t Deposit Large Sums of CashLenders need to source your money, and cash isn’t easily traceable. Before you deposit any cash into your accounts, discuss the proper way to document your transactions with your loan officer.Don’t Make Any Large PurchasesIt’s...

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Ways Your Home Equity Can Help You Reach Your Goals

Written by St. Augustine Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Move-Up Buyers, St. Augustine, St. Augustine Mortgage.

If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this:“. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.”That means your equity grows as you pay down your home loan over time and as home values climb. While it’s true home prices dipped slightly last year, they rebounded and have been climbing in many areas since then. Here’s why that price growth is good news for you.In...

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