by Elsa Soto | Jun 25, 2018 | Blog, Buyers, Mortgages, Real Estate News
Welcome to this weeks snapshot of Orlando’s Mortgage Rate Monday! Take a look at the rates that have lowered just a bit since the last snap shot. Now has never been a better time to invest your hard earned money into something that will continue to reward you, especially with ownership!
Mortgage rates are determined by the lender and can be either fixed, staying the same for the term of the mortgage, or variable, fluctuating with a benchmark interest rate. Mortgage rates vary for borrowers based on their credit profile. Here is a snap shot of the daily mortgages rates as of today, Monday, June 25th 2018. While the rates shown are not guaranteed for everyone, this gives the average buyer a good idea of what their rate should look like. We always recommend you speak with your local realtor to find the best loan program for you Orlando Home purchase. Take advantage of these mortgage rates now before it changes, contact us today!
Source: Bankrate.com
by Elsa Soto | Jun 14, 2018 | Blog, Investment Property in Florida, Mortgages, News, Property for Sale
Orlando Mortgage Rates Keep Steady
Mortgage rates are determined by the lender and can be either fixed, staying the same for the term of the mortgage, or variable, fluctuating with a benchmark interest rate. Mortgage rates vary for borrowers based on their credit profile. Here is a snap shot of the daily mortgages rates as of today, Thursday June 14th, 2018. While the rates shown are not guaranteed for everyone, this gives the average buyer a good idea of what their rate should look like. We always recommend you speak with your local realtor to find the best loan program for you next Orlando Home purchase. Take advantage of these mortgage rates now before it changes, contact us today!
by admin | Jan 12, 2017 | Homes, Villas and Condos, News, Real Estate News
Lower costs are ahead for you if you plan to seek a Federal Housing Administration (FHA) mortgage loan. FHA has recently announced that they are cutting annual mortgage premiums from 0.85% to 0.60%. FHA buyers have a specific type of mortgage insurance to protect FHA’s funding in exchange for down payments as low was 3.5%. FHA mortgage exists to provide home ownership to credit-worthy borrowers who are overlooked by conventional lenders. The rise of mortgage insurance rates have put home ownership through FHA out of reach more most first time home buyers who are just starting out and may not have the typical 20% down payment or a perfect credit score. This cut back in price is a great opportunity for the Federal Housing Administration to get back on track to achieving their goal of making the dream of home ownership a reality for moderate income families.
If you are interested in learning more about FHA loans and how to qualify, please contact our office today. We would love to answer any questions you may have!
by admin | Jan 11, 2017 | Homes, Villas and Condos, Investment Property in Florida, News, Real Estate News
According to ATTOM Data Solutions, in about 66% of the country, it is more affordable to buy a home than to rent one. Data collectors took the median price of a three bedroom rental home and compared it to the median mortgage price of a three bedroom home in over 500 counties nationwide. Over the past year, interest rates have been especially low and that is a key factor in the affordability of owning a home. Also according to this report, rents have rose rapidly over the last year up to 27% in certain areas.
Click Here to view an interactive map of the United States and compare rental and ownership prices in different counties that may interest you across the nation.
Here at Bardell, we do specialize in both sales and long term rental. If you would like to find out more about which option would be right for you, contact our office today, we will be honored to help you!!
by admin | Dec 20, 2016 | Homes, Villas and Condos, News, Real Estate News
During the purchase of a home, there are an abundance of options to choose from when deciding on the Mortgage Loan that best fits your budget. Here is a basic breakdown of the different kinds of loans you can choose from when buying the home of your dreams!
FHA Loan (Federal Housing Administration)
– Low monthly mortgage payments
– Flexible with credit score
– Easier to qualify than other types of loans
– 15 & 30 year fixed rate
– This loan works best if you are looking to purchase, refinance, or renovate your home
- Conventional Loan (Fannie Mae & Freddie Mac)
– More financing options
– Must have good credit to qualify (typically above 700)
– 10 to 30 year fixed rates
– This loan works best if you are looking to purchase, refinance, or renovate your home
VA Loan (U.S Department of Veteran Affairs)
– Zero down payment required
– Low monthly mortgage payments
– Mortgage insurance not required
– Limited to eligible veterans
– 15 & 30 year fixed rate
– This loan works best if you are looking to purchase, refinance or have an assumable mortgage on your home
USDA Rural Housing Loan (U.S Department of Agriculture)
– Zero down payment required
– Low monthly mortgage payments
– Must have good credit to qualify (typically above 700)
– Limited to properties in rural areas
– 30 year fixed rate
– This loan works best if you are looking to purchase or refinance
This is just a scratch on the surface of the four main types of loans and their assets. Our Real Estate Professionals are overwhelmingly knowledgeable on all of these different types of loans and will provide you with any information you may need. They will also be able to give you advice on which loan would work best for you based on your financial situation. Click here to get in touch with one of our agents today, they are standing by ready and willing to help you!
