How Much Money Do You Need To Buy A Home?

How Much Money Do You Need To Buy A Home?

Many people haven’t bought a house because they believe they don’t have enough money to do so. There are a lot of myths about how much money you truly need to buy a home. Unfortunately, many don’t question the information they’ve heard as fact, even if that information is wrong. If you haven’t started looking at homes for sale in Windsor Island Resort because you don’t think you have the money needed to buy one, take a look at the information we’ve gathered. You may be surprised to learn that you have enough money to buy the home of your dreams.

Not All Roads to Homeownership Are the Same

It’s important to understand that there are different ways you can purchase a home. There are a plethora of financing…

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What Is a Spec Home In New Construction?

With so many homes for sale in Winter Haven, FL, you might be wondering, who builds them all? The answer is likely a spec or custom home builder.

Put simply, a builder constructs a spec home with the intention that a buyer will eventually purchase it. The term “spec” is short for “speculative” since builders are banking on the fact that someone will buy the home they’re building. As the name (speculative) suggests, building one of these homes is a gamble and not a guaranteed profit.

How Common Are Spec Homes?

Generally, a healthy economy and a good market requires about 1 million new homes need to be built per year to keep up with the growth of new households and attrition as homes age.

Over the last few years, new construction homes for sale…

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2 Myths Holding Back Home Buyers

Myths Holding Back Home Buyers

In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals,

Homes for Sale in Davenport FL

 “Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling the 20 percent down payment myth could open the path to homeownership for many more.”

 Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate how much they need to qualify for a home loan. According to the same article:

“Americans still overestimate the qualifications needed to get a mortgage, resulting in qualified…

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How Do Florida Real Estate Agents Get Paid?

How Do Florida Real Estate Agents Get Paid?

Real estate agents only get paid for the results they produce. The only thing that happens for a Kissimmee real estate agent at the closing table is the reward for the hard work that came before. Simply put - if it doesn’t close, real estate agents don’t get paid.

Let’s look at what factors contribute to a real estate agent’s pay.

Education, Training, and Licensing

Time is a big factor for real estate agents. To begin with, before they can even sell their first home for sale in Kissimmee FL, they invest in training and educating themselves to get there.

Every agent has to get a real estate license, which takes a lot of time, money and energy. But it doesn’t end there. It also takes time and money to…

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What Are Real Estate Taxes?

Between property, real estate, sales, and capital gains taxes, you’re likely to run in to at least one of them if you’re in the market to buy or sell a home.

Property Taxes

People ask “What’s my home worth” when it’s tax time because property taxes are based on value. Fair market value is the key and the more the home is worth, the more property taxes you have to pay.  The median property tax in Florida is $1,773.00 per year for a home worth the median value of $182,400.00. That is slightly below the median tax in the United States but it’s not insignificant. It’s also something you can’t avoid by ignoring it.

The taxman shall be paid so make sure you take care of it. If you have a mortgage, it’s possible the lender is collecting taxes (and…

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Why Real Estate Investing Is the Safest Choice

Gallup polls continue to report real estate as the preferred investment choice for Americans, topping stocks and besting gold for another year in a row. Surprised that real estate beats out gold with American investors? Read on to discover four reasons why real estate investing is the safest choice.

With many advisors predicting the end of the bull market, investors with all of their eggs in the stock market basket could be headed towards losing the gains they’ve experienced over the last eight years or so. Real estate, however, is much less of a gamble and far more accessible for potential investors.

Low-risk

Unlike the stock market, which is unpredictable at best, real estate investors can make market predictions based on hard data to…

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9 Steps to Buying a House

9 Steps to Buying a House

For most people, buying a house takes years of planning and preparation. The whole process can be overwhelming, especially for first-time homebuyers. Step-by-step, we’ll guide you through the important decisions that go into homeownership. When it’s over, you could have the keys to your dream house and the biggest investment you make in your lifetime.

1. Check your financial and credit history

Your financial history and credit score affect your overall loan options, and a higher credit score will usually get you a lower interest rate. To avoid any surprises down the road, know what your credit score is before you start the mortgage preapproval process. Most mortgage lenders like to see credit scores in the mid 700s…

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No- And Low-Down-Payment Mortgage Options

No- And Low-Down-Payment Mortgage Options

Your home purchase is a big deal, but your down payment shouldn’t be. If you haven’t saved a significant down payment for a home, but you’re otherwise qualified to receive financing, we have you covered. Waterstone Mortgage offers a variety of no- and low-down-payment mortgage programs to help you achieve your goal of homeownership.

No Down Payment

USDA/Rural Housing Loans

• FICO as low as 600
• Home must be located in designated area

VA Loans

• FICO as low as 600
• No mortgage insurance requirements
• Available for active-duty military, veterans, reservists and members of the National Guard, and some surviving spouses of veterans

Wealth Building Loan

• FICO as low as 680
…

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Don't Let the Down-Payment Stop You From Buying a Home

Don't Let the Down-Payment Stop You From Buying a Home

Are you a buyer decent credit but no money for a down payment? Check out this mortgage program!! NO MONEY $$$ DOWN.

Melissa McGlinchey 
Branch Manager 

(407) 397-7300 Mobile: (407) 973-8492 

3700 34th Street  Suite # 300 E   Orlando, FL 32805 

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5 Ways To Save Money On New Homes

5 Ways To Save Money On New Homes

Everyone wants to know the right price to buy a new home There are homes that you can build according to your own needs or you might opt for a move-in ready home from a community developer. Sometimes new construction buyers can take more time than usual because of the many options and upgrades offered by the builder.

The 5 Amazing Ways to Help You Save Money On Your New Home

Here are five tips in which you can save money on new construction:

1. Call A Real Estate Agent

An experienced real estate agent can save you big bucks. Many individuals who buy property for the first time usually don’t use an agent and end up losing a lot of money. You don’t have to worry about the commission when its the builder who…

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