Found 7 blog entries tagged as Homeownership.

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Moving to a new house can be hugely exciting, but it is also nerve wracking. The stress of moving aside, it can take a while for this new, unfamiliar place to start feeling like home. This period of transition is completely natural, but there are a few things you can do to speed it up. 

  • Unpack Right Away

The easiest way to make a new house feel like home is to see your stuff in it. That is why it is best to start unpacking as soon as possible. That said, it is best to have a strategy before jumping in. The first rooms you should unpack include the nursery and kids’ rooms and the kitchen, and it is a good idea to organize high-traffic areas such as the linen closet and entryway right away. 

  • Decorate!

For many…

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Buying a home is often one of the most expensive endeavors one will take throughout their life, so it’s not surprising that saving for a down payment remains a major hurdle for many Floridians on their path to homeownership. But although a 20 percent down payment is considered ideal, it’s not actually as common as you might think, nor is it a necessity to buying a home.

The majority (52 percent) of buyers put down less than 20 percent on their new home.

Typically, you have to put between 3 and 20 percent of your home’s sale price down in cash to qualify for a conventional loan (30-year fixed mortgage), but there are exceptions. If you meet eligibility guidelines, you might qualify for a home loan with a  zero-down payment through Veterans Affairs…

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As home prices rise and tight inventory continues, the current market has made it more challenging for American’s to reach their goals of homeownership, especially for low-to-median-income borrowers and first-time homebuyers.

Homes for Sale in Davenport FL

According to the Urban Institute’s Housing Finance Policy Center, there are three significant barriers to homeownership: saving for a down payment, accessing mortgage credit, and housing affordability.

In a recent report, Urban Institute breaks down these barriers, reporting data on the latest market trends of these obstacles.

One of the biggest barriers are consumers thinking they need to put more down than lenders actually require. According to the report, results show that 53 percent of…

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If buyers want to avoid falling behind on their mortgage loans in Central Florida, they’ll want to consider more than just a home’s listing price—especially given new data just released by Zillow. According to Zillow and Thumbtack, the average U.S. homeowner spends an additional $9,080 on their home every year. In some cities, some spend as much as $16,000.

“Buyers too often focus on a home’s list price or mortgage payment to determine what they can afford,” Zillow reported. “However, the numerous less-obvious costs associated with homeownership can affect the monthly bottom line.”

In total, Zillow found that homeowners pay an average of $6,059 in “unavoidable costs,” which includes things like insurance, utilities, and taxes. These costs are…

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The pursuit of higher education, among other national trends, is going to play a key role in homeownership rates in all areas including the Davenport FL area in the coming years, according to a new study from First American Financial Corporation. The study, dubbed “Six Trends Poised to Reshape Homeownership Demand,” looks at the unique factors that shape U.S. homeownership—and how those factors will influence housing demand in the years to come.

According to the study, education will factor into homeownership levels on several fronts. For one, it will increase income—and therefore homebuying power—for the more educated generations.

“The importance of education in relation to homeownership has almost doubled in less than 10 years,” the study…

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American-flag-moneyEarlier this week we celebrated Independence Day, and with that, we also take the time to think about what made a fight for freedom a reality—the American Dream. And in that reflective moment, it’s easy to declare the American Dream dead. But ValueInsured, in a recent report, wants to “offer a different perspective.”

Homeownership has long been considered the cornerstone of the American Dream, and ValueInsured polled over 5,000 Americans in the last two years for its Modern Homebuyer Survey to assess the current state of the American Dream, and what Americans should do to keep it alive.

Millennials (70 percent) are in line with the rest of Americans (71 percent) in their desire to keep the American Dream alive. Both demographics also acknowledge—69…

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Financial Planning: 4 Reasons to Buy a House Today | Keeping Current Matters

Homeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we want to look at several of the financial advantages of homeownership in today’s post.

1. Buying is Cheaper Than Renting

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The report reveals that:

“Interest rates have remained low, and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation…Nationally, rates would have to reach 9.1% for renting to…

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