Will South Florida House Prices Rise in 2017? How to Buy in Broward, Palm Beach and Miami-Dade Counties

Last year was a good one for buying a home. Mortgage rates stayed at some of the literal lowest rates in history for extended periods of time, and the Federal Reserve Board failed to follow through with any of its proposed rate rises (until December). Then things got a little more muddled late in the […]

2017’s Most Dramatic Mortgage Day Wasn’t That Exciting

You may have noticed during 2016—whether it comes to weather, sports, politics….anything, really—that the way you frame the news makes a huge difference in how others interpret it. The good news for you is that The Stephens-Brotsky Group doesn’t make money by creating click-bait headlines, so we’ll advise you in advance not to be worried […]

Is An Adjustable Rate Mortgage A Strong Option in 2017?

It’s common to refer to two varieties when speaking about mortgages—fixed rate and adjustable rate—almost out of habit. But the truth is that adjustable rate mortgages, or ARMs, haven’t been popular for some time. If you go back to 2005, nearly 40 percent of mortgages originated were adjustable rate. Ten years later, in 2015, and […]

2 Weeks of Rate Decreases, FHA Mortgage Insurance Assistance…What’s The Catch?

It’s been awhile since we report good news and kept on feeling good about it for any extended period of time but lo, that’s what seems to be going on this week. For the second consecutive week, mortgage rates have dropped on the whole. “Consecutive” is the key word, because it marks the first time […]

Part-Time Income Can Still Get You A Mortgage: 5 Tips to Qualify

Nearly 20 percent of the U.S. population works in a part-time capacity, defined by the Department of Labor as less than 35 hours per-week. And those who are pushing that 35-hour limit know that they put full-time effort into that “part-time” job. Many people can live comfortably working at a part-time job for their entire […]

New Year Starts Neutral, and That Suits Lenders Just Fine

Happy New Year, as this is the first time we’ve chimed in on the news for 2017. “Happy” New Year might be a bit of a stretch, but it certainly hasn’t been an unhappy first few days of market activity, and that’s a relief to many. After all, December saw dramatic shifts—based on Federal Reserve […]

How A Realtor Can Make Your Mortgage That Much Easier

If you’re looking for a new home, hopefully you’ve also done some research into Realtors, and the benefits they can bring you as someone looking to purchase property. Everyone will tell you that Realtors have great knowledge of the surrounding neighborhoods—where the best schools are to where the best coffee shops are. Unfortunately, there’s not […]

Mortgage Rates Settle Down; Keep Eyes on New Year, 2017

Mortgage rates are at their lowest points in more than two weeks! That opening line might seem a little overexcited (note the exclamation point), but that’s the general mood of casual market followers in the wake of two consecutive days of drops. Granted, the average rates you’ll be seeing are still in the 4.25 to […]

A Hint of Hope After A Week of Rises; Just A Hint, However

If you were hoping for a Christmas miracle as we approach the end of 2016, we’re sorry: The real world doesn’t work that way. The best we can offer is a Christmas “slight move in the right direction.” But it could be much worse. Since we’ve last spoken, rates have only continued to heighten in […]

5 Ways to Convince Even Ebenezer Scrooge to Give You A Mortgage

It’s arguable that the second most popular character in Western Christmas canon (behind Santa Claus) is a lender. Ebenezer Scrooge, to be precise. The Stephens-Brotsky Group appreciates the work of Charles Dickens as well as anyone, however we resent the bad name that Mr. Scrooge has left on lenders of all stripes! Scrooge is famously […]

The Fed Finally Raises Rates, Still Catches Us Off Guard

It seems that no matter how much The Fed and news organizations talked up the event—for more than a year—the American financial markets were going to panic a little bit when Janet Yellen and friends finally hit the button and raised the Federal interest rate. Mortgage rates were one of many fields affected. They had […]

4 Options for Getting A Mortgage When Your Spouse Has Bad Credit

For better or for worse, for richer or for poorer, in sickness and in health, to love and to cherish, till death do you part. But what about in Excellent and Poor credit? Good husbands and wives learn to live with their spouse’s weird habits, but a significant other’s bad credit score is a more […]