Florida Mortgage | How Mortgage Rates Affect Your Monthly Payment

Written by Miami Beach Condo Financing Syndicated User on January 20, 2025. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing.

How Mortgage Rates Affect Your Monthly Payment Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn’t try to time the market. Instead, it’s better to focus on how even a small change impacts your future mortgage payment. NMLS ID 1834853 | #mortgagerates #homebuying #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips #mortgageexperts

Florida Mortgage | 2025 Housing Market Forecasts

Written by Miami Beach Condo Financing Syndicated User on January 18, 2025. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing.

2025 Housing Market Forecasts | NMLS ID 1834853 The latest 2025 forecasts show mortgage rates are projected to come down slightly, prices are forecast to rise, and more homes will be available for sale. Want to know more about what this could mean for your plans this year? Contact us! #housingmarketforecasts #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgage

2025 Housing Market Forecasts

Written by Miami Beach Condo Financing Syndicated User on January 18, 2025. Posted in Condo Financing Miami Beach, Home Prices, Infographics, Miami Beach Condo Financing, Mortgage Rates.

Some HighlightsWondering what to expect when you buy or sell a home this year? Here’s what the experts say lies ahead.Mortgage rates are projected to come down slightly. Home prices are forecast to rise in most areas. And, there will be more homes available for sale.Want to know more about what this could mean for your plans this year? Connect with a local agent to discuss your 2025 goals.

One Homebuying Step You Don’t Want To Skip: Pre-Approval

Written by Miami Beach Condo Financing Syndicated User on January 17, 2025. Posted in Condo Financing Miami Beach, For Buyers, Home Prices, Miami Beach Condo Financing.

There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval. Here’s a rundown of what it is and why it’s so important right now.What Is Pre-Approval?Pre-approval is like getting a green light from a lender. It lets you know how much they’re willing to let you borrow for a home. To determine that number, a lender looks at your financial history. According to Realtor.com, these are some of the documents a lender may ask you for during this process:W-2s from the last two yearsTax returns from the last two yearsPay stubs from the last 30 daysBank...

Roughly 11,000 Homes Will Sell Today – Will Yours Be One of Them?

Written by Miami Beach Condo Financing Syndicated User on January 16, 2025. Posted in Condo Financing Miami Beach, For Sellers, Miami Beach Condo Financing.

Are you hesitant to sell your house because you’re worried no one’s buying with rates and prices where they are right now? Here’s some perspective that can help.The market actually isn’t at a standstill. While there weren’t as many sales last year as there’d be in a normal market, roughly 4.15 million homes still sold (not including new construction), according to the National Association of Realtors (NAR). And the expectation is that number will rise in 2025. That means more people will likely move this year, and they need homes to buy. Homes like yours.But even if we only match last year’s...

The Truth About Credit Scores and Buying a Home

Written by Miami Beach Condo Financing Syndicated User on January 15, 2025. Posted in Buying Tips, Condo Financing Miami Beach, For Buyers, Miami Beach Condo Financing.

Your credit score plays a big role in the homebuying process. It’s one of the key factors lenders look at to determine which loan options you qualify for and what your terms might be. But there’s a myth about credit scores that may be holding some buyers back.The Myth: You Need To Have Perfect CreditAccording to Fannie Mae, only 32% of potential homebuyers have a good idea of what credit score lenders actually require. That means two-thirds of buyers don’t actually know what lenders are looking for – and most overestimate the minimum credit score needed.The Reality: Perfect Isn’t NecessaryBut...

How Much Home Equity Have You Gained? The Answer Might Surprise You

Written by Miami Beach Condo Financing Syndicated User on January 14, 2025. Posted in Condo Financing Miami Beach, Equity, Home Prices, Miami Beach Condo Financing.

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner? As home values rise, so does your net worth. And, if you’ve been in your house for a few years (or longer), there’s a good chance you’re sitting on a pile of equity — maybe even more than you realize.What Is Home Equity?Home equity is the difference between what your house is worth and what you owe on your mortgage. For example, if your house is worth $500,000 and you still owe $200,000 on your home loan, you have $300,000 in equity. It’s essentially the wealth you’ve built through homeownership....

The Ritz-Carlton Residences South Beach Unveils New Interior Renderings

Written by Miami Beach Condo Financing Syndicated User on January 12, 2025. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing, Neighborhoods, New Construction, Renderings, Ritz Carlton Residences South Beach, South Beach Luxury Condos, South Beach Waterfront Condos.

Yesterday, we covered the stunning new renderings of the amenities at The Ritz-Carlton Residences South Beach and their contribution to preserving Morris Lapidus’ architectural legacy in Miami Beach, so today let’s delve into what the future owners of the condo units can expect from their new homes. In the 15-story tower that will be constructed over the existing Ritz-Carlton South Beach Hotel and also incorporating the historic Sagamore Hotel, there will be a total of 30 residences. The layouts range from a 1-bedroom plan with 1,197 interior square feet and a 385 square foot terrace all the...

How Mortgage Rates Affect Your Monthly Payment

Written by Miami Beach Condo Financing Syndicated User on January 11, 2025. Posted in Condo Financing Miami Beach, Infographics, Miami Beach Condo Financing, Mortgage Rates.

Some HighlightsExperts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn’t try to time the market.Instead, it’s better to focus on how even a small change impacts your future mortgage payment. As rates come down, even a little bit, your monthly payment on your next home will too.Want to see what this looks like at a different price point? Connect with an agent or lender.

The Ritz-Carlton Residences South Beach Releases Stunning New Renderings And Brochure

Written by Miami Beach Condo Financing Syndicated User on January 10, 2025. Posted in Condo Financing Miami Beach, Luxury Condos, Miami Beach Condo Financing, New Construction, Renderings, Ritz Carlton Residences South Beach, South Beach Luxury Condos, South Beach Waterfront Condos.

After a year of selling very privately, The Ritz-Carlton Residences South Beach has released stunning new official renderings and a comprehensive sales brochure. With just 30 private oceanfront residences positioned in a glassy 15-story tower, each home in the sky is curated by Studio Munge and designed by Kobi Karp. The project is being designed in a manner that allows direct ocean views from each residence, while simultaneously paying homage to the historic Art Deco architecture of the neighborhood. Rendering of Ritz Carlton South Beach Morris Lapidus-Inspired Valet Entry Utilizing a $4.85...

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