Coldwell Banker Realty /Delray Beach
Delray Beach Real Estate Pros-Diana Byrne And Mary MasellaPhone: (561) 707-8561
Email: [email protected]

Tag: Mortgage

Posted on 04/25/2022
Home loans: Common repayment options for a 30-year mortgage
30-year mortgage rates are the norm among mortgage rates. Most options for monthly payments involve a fixed interest rate, while there are a few that may offer an adjustable rate mortgage for homebuyers searching for interest flexibility. However, some homeowners may want to repay their mortgage lenders faster than originally planned, while others may need more flexibility in...
+ 6 more
Read More
Posted on 03/07/2022
FHA Loan: What to Consider When Applying for One
If you're in the market for your first home, there's a good chance you'll need to take out a mortgage. One of the most popular mortgage types (especially for first-time buyers) is known as a Federal Housing Administration (FHA) loan. What is an FHA Loan? Specifically, an FHA loan refers to one that is backed and insured by...
+ 8 more
Read More
Posted on 11/08/2021
What Affects Housing Prices?
Housing prices are constantly changing, which can make both buying and selling a home more complicated. While it’s difficult to predict future changes, it’s important to understand the key factors that affect the housing market and home prices. Here are the five major things that affect housing prices: Economic Change The overall health of the economy is a...
+ 7 more
Read More
Posted on 10/09/2021
Home Refinance: What You Need to Know About Refinancing Your Home
Many homeowners have experienced a moment when they have wished for a lower mortgage payment. With a mortgage refinance, you could effectively lower your monthly payments. Not sure where to begin with refinancing or whether it's right for you? We've got you covered with some tips and considerations. What is Refinancing? When you refinance a mortgage, you're essentially...
+ 11 more
Read More
Posted on 07/19/2021
Mortgage Types for Luxury Home Purchases
Photo by Vincent Rivaud from Pexels When you buy a luxury home, you have several options when it comes to paying for the home. While some luxury buyers invest fully in the home and purchase outright, most find that opting for a mortgage of some type keeps options open and reserves capital for other things. Mortgages can be...
+ 1 more
Read More
Posted on 06/23/2021
4 Reasons Why Down Payment Amount Matters
Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...
+ 16 more
Read More
Posted on 04/05/2021
How Conforming Loan Limit Increase Affects the Jumbo Market
Image by Arek Socha from Pixabay If you bought a house that was over $484,350 prior to 2020, you had to get a jumbo loan, which is a non-conforming loan. The Federal Housing Finance Agency (FHFA) increased the limit on conforming loans to $510,400 in most areas. The FHFA also increased the loan limit to $765,600 in some...
+ 1 more
Read More
Posted on 03/29/2021
Looking to Buy a Home? Let's Start with Your Loan
Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...
+ 4 more
Read More
Posted on 08/12/2020
3 Ways to Prepare Your Credit Before House Hunting
Photo by bongkarn thanyakij from Pexels Shopping for a new home should be an exciting experience, but if you are unsure of where you stand with your credit, it can be a little nerve-wracking. Having good credit will not only help you to secure more favorable interest rates for your mortgage, but it can also help you to...
+ 5 more
Read More
Posted on 12/29/2019
3 Ways to Pay Off Your Mortgage Early
Paying off a mortgage early is a dream of many homeowners. By making larger payments on your home loan, you can cut years off of your loan term and save thousands of dollars in interest payments that you can use toward savings or investments. But in an economy that has seen decades of wage stagnation and increasing costs of...
Read More
Posted on 06/02/2019
Why You Should Not Pay Off Your Mortgage Early
Deciding not to pay off ahead on your mortgage can be a decision made because you want to divert your cash to another investment. If you have an investment that is certain to yield interest or because you have a certain way you have planned your finances, paying the full mortgage earlier than due has no place on...
+ 1 more
Read More
Showing Results
1 - 12 of13