More Homes for Sale Isn’t a Warning Sign – It’s Your Buying Opportunity

Written by Sarasota Mortgage Mortgage Syndicated User on May 21, 2025. Posted in For Buyers, Inventory, Mortgage Sarasota, Sarasota Mortgage.

Maybe you’ve heard the number of homes for sale has reached a recent high. And it might make you question if this is the start of another housing market crash.But the reality is, the data proves that’s just not the case. In most areas, more inventory isn’t bad news. It’s actually a sign of the market returning to a more stable, healthy place.What’s Going on With Inventory?Based on the latest data from Realtor.com, inventory just hit its highest point since 2020, shown with the white line in the graph below.But what you need to realize is, at the same time, inventory levels still haven’t...

Florida Mortgage | National Housing Trends To Watch

Written by Sarasota Mortgage Mortgage Syndicated User on May 21, 2025. Posted in Mortgage Sarasota, Sarasota Mortgage.

Florida Mortgage | National Housing Trends To Watch Nationally, the housing market has shifted over the last year. There are more homes for sale, price growth is moderating, and homes aren’t selling as fast. Do you want to know how our market compares? Contact us today! NMLS ID 1834853 #mortgagetips #floridamortgage #floridamortgagerates #floridamortgagecompany #HousingMarketTrends #housingmarketupdate Data Sources: https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales https://www.realtor.com/research/data/

What Buyers Need To Know About Homeowners Association Fees

Written by Sarasota Mortgage Mortgage Syndicated User on May 20, 2025. Posted in Buying Tips, First-Time Buyers, For Buyers, Mortgage Sarasota, Sarasota Mortgage.

When buying a home, you’re probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees. While you won’t necessarily have these, you should know it’s a possibility, depending on where you decide to live.A homeowners association is basically an organization that oversees a housing community (including shared spaces) and sets and enforces rules for things like upkeep. Some buyers love the perks that come with an HOA, others may see the fees as an extra expense. The key is knowing...

You Could Use Some of Your Equity To Give Your Children the Gift of Home

Written by Sarasota Mortgage Mortgage Syndicated User on May 19, 2025. Posted in Equity, For Sellers, Mortgage Sarasota, Sarasota Mortgage.

If you’re a homeowner, chances are you’ve built up a lot of wealth – just by living in your house and watching its value grow over time. And that equity? It’s something that could help change your child’s life.Since affordability is still a challenge, a lot of first-time buyers are struggling to buy a home in today’s market. Even if they have a stable job and a solid plan, buying can still feel out of reach. But that’s where your equity could make all the difference.To give you an idea, the average homeowner with a mortgage has $311,000 worth of equity, according to Cotality (formerly...

Florida Mortgage | Your Roadmap to Homeownership

Written by Sarasota Mortgage Mortgage Syndicated User on May 18, 2025. Posted in Mortgage Sarasota, Sarasota Mortgage.

Florida Mortgage | Your Roadmap to Homeownership There are a lot of steps when buying a home, so here’s your roadmap to homeownership. Let’s connect to get started. NMLS ID 1834853 #mortgagetips #floridamortgage #floridamortgagerates #floridamortgagecompany #homebuying #buyahome

Housing Market Forecasts for the Second Half of 2025

Written by Sarasota Mortgage Mortgage Syndicated User on May 16, 2025. Posted in Buying Tips, For Buyers, Forecasts, Infographics, Mortgage Rates, Mortgage Sarasota, Sarasota Mortgage.

Some HighlightsAre you wondering what to expect if you buy or sell a home in the second half of the year? Here’s what the expert forecasts tell you.Mortgage rates are expected to come down slightly. There will be more homes available for sale. And as inventory rises, home price growth will moderate.Want to know what this could mean for your plans? Connect with a local agent and talk through it together.

Why Would I Move with a 3% Mortgage Rate?

Written by Sarasota Mortgage Mortgage Syndicated User on May 15, 2025. Posted in For Sellers, Mortgage Rates, Mortgage Sarasota, Sarasota Mortgage, Selling Tips.

If you have a 3% mortgage rate, you’re probably pretty hesitant to let that go. And even if you’ve toyed with the idea of moving, this nagging thought may be holding you back: “why would I give that up?”But when you ask that question, you may be putting your needs on the back burner without realizing it. Most people don’t move because of their mortgage rate. They move because they want or need to. So, let’s flip the script and ask this instead: What are the chances you’ll still be in your current house 5 years from now?Think about your life for a moment. Picture what the next few years will...

Florida Mortgage | What You Need To Know About Pre-Approval

Written by Sarasota Mortgage Mortgage Syndicated User on May 15, 2025. Posted in Mortgage Sarasota, Sarasota Mortgage.

Florida Mortgage | What You Need To Know About Pre-Approval Before you even start looking at homes, you should get pre-approved for your mortgage. It’ll give you clarity on what you can borrow and help you feel more confident in your ability to get a home loan. If you’re ready to get pre-approved, connect with a trusted lender to learn more. NMLS ID 1834853 #mortgagetips #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagepreapproval #homebuying Data Sources: https://www.bankrate.com/mortgages/pre-approval/benefits...

Don’t Let Student Loans Hold You Back from Homeownership

Written by Sarasota Mortgage Mortgage Syndicated User on May 14, 2025. Posted in Buying Tips, First-Time Buyers, For Buyers, Mortgage Sarasota, Sarasota Mortgage.

Did you know? According to a recent study, 72% of people with student loans think their debt will delay their ability to buy a home. Maybe you’re one of them and you’re wondering:Do you have to wait until you’ve paid off those loans before you can buy your first home?Or is it possible you could still qualify for a home loan even with that debt?Having questions like these is normal, especially when you’re thinking about making such a big purchase. But you should know, you may be putting your homeownership goals on the backburner unnecessarily.Can You Qualify for a Home Loan if You Have...

Why Buyers Are More Likely To Get Concessions Right Now

Written by Sarasota Mortgage Mortgage Syndicated User on May 13, 2025. Posted in Buying Tips, For Buyers, Mortgage Sarasota, Sarasota Mortgage.

Especially in areas where inventory is rising, both homebuilders and sellers are sweetening the deal for buyers with things like paid closing costs, mortgage rate buy-downs, and more. In the industry, it’s called a concession or an incentive.What Are Concessions and Incentives?When a seller or builder gives you something extra to help with your purchase, that’s called either a concession or an incentive. A concession is something a seller gives up or agrees to in order to reach a compromise and close a deal. An incentive, on the other hand, is a benefit a builder or seller advertises and...

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