Category: Condo Financing Miami Beach

At Fidelity Home Group, we are Miami Beach Mortgage Experts! We offer more options, more transparency and a simpler way to find the right mortgage program for your unique situation.

Miami Beach is a south Florida island city, connected by bridges to mainland Miami. Wide beaches stretch from North Shore Open Space Park, past palm-lined Lummus Park to South Pointe Park. The southern end, South Beach, is known for its international cachet with models and celebrities, and its early-20th-century architecture in the Art Deco Historic district with pastel-colored buildings, especially on Ocean Drive.

Why Did More People Decide To Sell Their Homes Recently?

Written by Miami Beach Condo Financing Syndicated User on October 18, 2024. Posted in Buying Tips, Condo Financing Miami Beach, For Buyers, Miami Beach Condo Financing, Mortgage Rates.

Homeowners typically slow down their moving plans as the summer months wrap up, and as a result, fewer homes are listed for sale in the fall. It’s a predictable, seasonal trend in real estate. But this year, mortgage rates came down at the same time the number of homes on the market usually starts to decline. So, what happened? More homeowners decided to sell, so more homes came to the market.The most recent data from Realtor.com reveals that in September, the number of homes put up for sale increased by 11.6% compared to this time last year.As the green circle in the graph below shows, the...

Florida Mortgage | Unlocking the Benefits of Your Home Equity

Written by Miami Beach Condo Financing Syndicated User on October 17, 2024. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing.

Unlocking the Benefits of Your Home Equity | Home equity is the difference between how much your home is worth and how much you owe on your mortgage. And for most people it’s gotten a big boost in recent years, thanks to rising home prices. If you want to find out how much equity you have, reach out for a professional equity assessment report. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

The Benefits of Using Your Equity To Make a Bigger Down Payment

Written by Miami Beach Condo Financing Syndicated User on October 17, 2024. Posted in Affordability, Condo Financing Miami Beach, Equity, For Buyers, Home Prices, Miami Beach Condo Financing, Mortgage Rates.

Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the median down payment has too.According to the latest data from Redfin, the typical down payment for U.S. homebuyers is $67,500—that’s nearly 15% more than last year, and the highest on record (see graph below):Here’s why equity makes this possible. Over the past five years, home prices have increased significantly, which has...

Why an Agent Is Essential When Buying a Newly Built Home

Written by Miami Beach Condo Financing Syndicated User on October 16, 2024. Posted in Agent Value, Buying Tips, Condo Financing Miami Beach, For Buyers, Miami Beach Condo Financing.

For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes. Unfortunately, this is turning some buyers away from what may be one of their best options in today’s housing market. As Builder Online says:“As resale inventory remains limited and the price spread between new and resale homes narrows, new homes are increasingly an attractive value proposition for buyers, with incentives such as rate buydowns a way to help address ongoing affordability challenges.”So, is there any merit to the myth? Let’s break down...

Florida Mortgage | Reasons To Move in Today’s Shifting Market

Written by Miami Beach Condo Financing Syndicated User on October 15, 2024. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing.

Reasons To Move in Today’s Shifting Market | You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Why a Condo Could Be Your Perfect First Home

Written by Miami Beach Condo Financing Syndicated User on October 15, 2024. Posted in Condo Financing Miami Beach, For Buyers, Miami Beach Condo Financing.

If you’re looking to break into homeownership but the price of single-family homes has you second-guessing, you might want to consider a condominium (condo) or townhome. These types of homes often come with a lower barrier to entry – and that can help you start to build equity and enjoy the benefits of owning a home sooner.Since they’re usually smaller than single-family homes, they can be easier on your wallet. While it’s not always the case, smaller square footage usually comes with a smaller price tag too. As a result, according to the latest data from Realtor.com, condos typically...

EXCLUSIVE: The Ritz Carlton Residences South Beach Is Converting To Contracts

Written by Miami Beach Condo Financing Syndicated User on October 14, 2024. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing, Neighborhoods, New Construction, Renderings, Ritz Carlton Residences South Beach, Sagamore, South Beach Luxury Condos.

I am very excited to announce today that the new historic redevelopment of the Sagamore Hotel and the Ritz Carlton South Beach Hotel, now dubbed the Ritz Carlton Residences South Beach at 1671 Collins is converting its reservations into formal contracts. This is an instrumental part of the development process, indicating that sufficient sales and permits are in place to sustain the development to closings. About The Ritz Carlton Residences South Beach Being known as the original South Beach “Art Hotel,” the Sagamore Hotel at 1671 Collins Avenue was a spearhead to the Art Deco movement in...

1428 Brickell Receives Site Work Permit To Begin Construction

Written by Miami Beach Condo Financing Syndicated User on October 14, 2024. Posted in 1428 Brickell, Brickell Pre-Construction Condos, Condo Financing Miami Beach, Luxury Condos, Miami Beach Condo Financing, Neighborhoods, New Construction, YTech.

Just a few short months since the VERY fun demolition celebration at 1428 Brickell, the previous building has been cleared away and the path is now clear to begin construction on Miami’s first solar-powered skyscraper. The City of Miami has issued the site work permit to YTech so they can get started on their construction, according to The Next Miami. The permit calls for nearly $2 million of work to take place, preparing the site for the foundation of 1428 Brickell’s foundation. This will be a large undertaking as the tower is slated to rise 70 stories into the skyline and bring 189...

Florida Mortgage | Home Inspections for Sellers: How To Prepare

Written by Miami Beach Condo Financing Syndicated User on October 13, 2024. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing.

Home Inspections for Sellers: How To Prepare | Wondering how to get your house ready for the inspection? You may want to do some select repairs before listing to get ahead. To decide what’s worth tackling, you need expert advice. Let’s chat so you know what to prioritize. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Buying Beats Renting in These Top Cities

Written by Miami Beach Condo Financing Syndicated User on October 12, 2024. Posted in Condo Financing Miami Beach, For Buyers, Infographics, Miami Beach Condo Financing, Rent vs. Buy.

Some HighlightsBased on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.Make sure you work with a pro who can help you crunch the numbers and see how your city stacks up. This may be your opportunity to forget renting for good. If you want to see which option makes the most sense in your area, connect with a local agent.