South Florida Is Sinking: What You Should Know Before Buying A Home

  It sounds absurd, but the East Coast of the United States is slowly sinking into the Atlantic Ocean. Tens of thousands of years ago, during the Ice Age, the massive glaciers moving across the middle of the country also pushed down on the continental crust with their weight. Imagine sitting in the middle of […]

4 Ways The Miami Marlins Are Different Than The Current Housing Market

  There are so many great things to see in South Florida. The beach…historic architecture…any number of cultural festivals…and arguably the most attractive group mortgage lenders in the world. It’s no surprise that the housing market is hot in this part of the world!   One thing in South Florida is much less caliente, however: […]

8 Hidden Costs When Buying Your First Home

  You’re smart. You’ve looked at what you have in savings. You’ve gotten your monthly budget down to a science. You’ve even gotten preapproved for a mortgage (and if you haven’t, you probably should).   So now you know EXACTLY how much home you can afford, right?   Unfortunately, no. There are many hidden costs […]

First Home vs. Next Home: What’s The Difference When Buying?

It’s easy to find information on the internet on how to buy a home. It’s tougher to figure out who these posts are talking to. Are they speaking to a first-time homebuyer? Or someone who has done this before? It matters, because the homebuying process—and how you pay for that home—varies dramatically depending on circumstance. […]

Fed Hints At Rate Rises “Fairly Soon,” Mortgage Market Reacts

This week’s mortgage rates gravitated around the Federal Reserve…which seems like one of the more obvious sentences that we’ve ever typed. But what if we told you that rates also reacted to the state of the bond market? Yeah, still doesn’t seem like anything too dramatic, but don’t let the “normal” news mislead you: Rates […]

8 Essential Steps for Buying A Home

Buying a home is something many people dream of for years. The thought of being handed the keys, and stepping through the front door to what will become your castle, the place where perhaps you’ll raise a family, is the stuff that dreams are made of. And then you find out just how complex that […]

Three-Month Low, Three-Week High: Mortgage Rates in February

No sooner do we get done sharing some good news with you that things reverse direction. Last Thursday we reported that a few days of dropping rates had brought the average offering down to a three-month low. The very next day began what is currently a five-day streak of rises, resulting in what is currently […]

Act Now to Save Up to $1,000 with The Florida Homestead Exemption!

Do you own a home, condominium, co-op apartment or even mobile home in Florida? There’s a chance that you qualify for the Florida Homestead Exemption, a piece of tax relief that was worth anywhere between $625 and $1,050 is this correct? for residents of Broward County during 2016. How do you qualify for this great […]

Peace of Mind as Rates Back Down to 3-Month Lows

Who knows what to believe anymore? This isn’t a comment on political opinions (you can go to other blogs for that). This is a comment on finance, and what-the-heck is going on with mortgage rates. Not that we—nor homebuyers—should be complaining. All indications seemed to suggest that things were only going to go up from […]

Is Paying Off Your Mortgage Early A Good Idea?

Alexander Hamilton has been popular recently, so we’ll let him give you some wise words on debt: “A national debt will be to us a national blessing, if it is not excessive.” The father of American economics may never have taken out a mortgage, but he would have understood that such a debt would be […]

Nature of The Beast: Good Jobs Mean Worse Mortgage Rates

One of the hottest topics of any given election season is the unemployment rate and which candidate is going to do more to improve it. The logic typically flows that voters will opt for the politician who has more promise for lowering that rate. Of course, if those voters are in the market for a […]

Week Almost Guarantees Mortgage Rates Won’t Return to Former Lows

There’s no use trying to sugarcoat it this week: The trend is upward, not down. Predicting such things is usually a conservative game—don’t predict as much as report what’s already happened—but there doesn’t seem to be much chance of rates dipping below 4 percent again during 2017 (now, the reason why prognosticators take such a […]