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        <title>Boca Raton Real Estate Blog</title>
        <link>http://www.bocaratonpremierproperties.com/blog/2024-08/</link>
        <description>Stay informed and find out what happening in the Boca Raton real estate market. View listings, trends, open houses and more! </description>
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            <guid>https://www.bocaratonpremierproperties.com/blog/safe-and-happy-labor-day-2024.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/safe-and-happy-labor-day-2024.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>Safe and Happy Labor Day 2024</title>
            <description> <![CDATA[ 

LaborDay LaborDay2024 JeanLucAndriot BocaRaton
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            <pubDate>Fri, 30 Aug 2024 17:40:00 -0400</pubDate>
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            <guid>https://www.bocaratonpremierproperties.com/blog/new-on-the-market-luxury-condo-for-sale-550-se-mizner-bvd-b704-boca-raton-fl-33432-townsend-place-rx.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/new-on-the-market-luxury-condo-for-sale-550-se-mizner-bvd-b704-boca-raton-fl-33432-townsend-place-rx.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>New on the market: luxury condo for sale 550 SE Mizner Bvd B704 Boca Raton FL 33432 Townsend Place RX-11016319</title>
            <description> <![CDATA[ 
New on the market: 550 SE Mizner Bvd, B704, Boca Raton, FL. 33432 Townsend Place luxury condominium for sale MLS RX-11016319


See condominium details: 550 SE Mizner Bvd, B704, Boca Raton, FL. 33432 Townsend Place


View tour


  


The Residence: unit B704


 LOCATION amp; VIEWS A RARE OPPORTUNITY IN TOWNSEND PLACE.  Perfectly situated in between the new Alina building and the Mandarin Oriental Residences and Hotel, directly facing East with full privacy and amazing views of the Boca Raton Resort golf course.Located on the 7th floor with 2 bedrooms, 3 bathrooms, 2,057 living sq ft. and features an expansive glass wrap-around balcony, allowing spectacular views with the ocean at a distance.The floor-to-ceiling windows and sliders are impact glass resistant, solar-tinted, bringing a lot of natural light inside this home. The European-style kitchen was extended, offering a large counter space for cooking and an additional dual drawer freezer. The spacious master bedroom comes with his and her built in walk-in closets and a sumptuous master bathroom with dual sink vanity, spa tub, and a separate glass-enclosed marble shower. The guest bedroom is generous in size and comes with its own bathroom.  MLS: RX-11016319


Townsend Place condominium:


The extensive luxury remodeling of Townsend Place is near completion and will soon be offering a new and vibrant look with spectacular updated lobbies and common areas. Townsend Place is your lifestyle dream in one of the newest Boca Ratons premier condominium communities. Perfectly located in the heart of downtown, between the Boca Raton Resort and Royal Palm Plaza, a world-class shopping, and dining area. You are just minutes from Mizner Park and the beautiful Boca Raton beach. An international destination served by three airports including the executive Boca Raton Airport. Townsend Place provides water, trash chutes, storage lockers for residents, covered and secured parking garage, fire sprinkler system throughout the building, emergency medical alarm system, elegantly appointed lobby, social room with card tables, catering kitchen, billiards, lounge, a state-of-the-art fitness facility with mens and womens sauna and steam room. The magnificent swimming pool area features a sun deck with lounge chairs and Jacuzzi, all overlooking the Boca Resort golf course. 




Thinking about selling your home?  We have solutions for you and would like to talk. Contact us at your earliest convenience to discuss your options.


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            <pubDate>Wed, 28 Aug 2024 20:41:05 -0400</pubDate>
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            <guid>https://www.bocaratonpremierproperties.com/blog/from-realtorcom-inside-billionaire-jerry-seinfelds-staggering-property-portfolioas-he-and-wife-jessi.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/from-realtorcom-inside-billionaire-jerry-seinfelds-staggering-property-portfolioas-he-and-wife-jessi.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>From Realtor.com, Inside Billionaire Jerry Seinfeld’s Staggering Property Portfolio—as he and Wife Jessica Become Empty Nesters</title>
            <description> <![CDATA[ “

Seinfeld star Jerry Seinfeld and his wife, cookbook author Jessica Seinfeld, are officially empty nesters after sending their youngest child off to college to join the class of 2028.Jerry, 70, and Jessica, 52, marked a major milestone in both their 19-year-old son Shepherd‘s life and their own when they dropped him off at school to begin his freshman year on Aug. 19.Shepherd is following in his siblings’ footsteps by enrolling at Duke University; his brother, Julian, 21, is a student there, while their sister, Sascha, 23, is a recent graduate from the prestigious college.Jessica celebrated the bittersweet moment on Instagram, sharing a series of photos of herself and Jerry with Shepherd, as well as Sascha and Julian.“Move-in weekend,” she wrote in the caption. “All 3 baby birds have flown. Hope all of you first timers or last timers are holding up.


Read on
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            <pubDate>Tue, 27 Aug 2024 10:26:00 -0400</pubDate>
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            <guid>https://www.bocaratonpremierproperties.com/blog/a-votre-sante-13-parisian-restaurants-with-award-winning-wine-lists.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/a-votre-sante-13-parisian-restaurants-with-award-winning-wine-lists.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>A Votre Sante: 13 Parisian Restaurants With Award Winning Wine Lists</title>
            <description> <![CDATA[ 

As the iconic Audrey Hepburn once remarked, Paris is always a good idea. We couldnt agree more.


Recently, Wine Spectator honored 13 exquisite Parisian restaurants for their exceptional wine programs, each so remarkable that they beckon you to indulge in a journey solely to experience them


Read more
 ]]> </description>
            <pubDate>Wed, 21 Aug 2024 07:59:20 -0400</pubDate>
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            <guid>https://www.bocaratonpremierproperties.com/blog/august-2024-boca-raton-area-luxury-market-report-from-jean-luc-andriot-and-the-institute-for-luxury-.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/august-2024-boca-raton-area-luxury-market-report-from-jean-luc-andriot-and-the-institute-for-luxury-.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>August 2024 Boca Raton Area Luxury Market Report from Jean-Luc Andriot and The Institute for Luxury Home Marketing</title>
            <description> <![CDATA[  

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their August 2024 report for Boca Raton - Delray Beach.


It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.


Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.


At the national level:


Market Drivers and Nuances


In our analysis of the North American real estate landscape in 2024, we continue to delve into the trends that are shaping this dynamic and ever-evolving market segment.As global conditions shift and consumer preferences evolve, the importance of comprehending past, present, and future market trends cannot be overstated, as they provide critical insights into emerging trends, shifting consumer preferences, and the underlying market dynamics.


Overall, the luxury real estate market in 2024 has shown growth compared to 2023, with a strong demand for homes in prime locations, unique features and high-end amenities driving affluent buyer decision-making in most areas.


Market Analytics


In a surprising development, the number of sales in July exceeded expectations, particularly given the decline in sales from May to June 2024.After a year of growth in sales compared to 2023, June saw an unexpected downturn, with sales for single-family homes falling by 1.68 and attached properties by 6.77. However, the luxury market rebounded in July, with sales increasing by 18.99 for single-family homes and 13.30 for attached homes compared to July 2023.


By the end of July, the overall growth in the volume of sales in 2024 stood at 14.82 for single family homes and 11.35 for attached homes compared to the same period in 2023.This rebound is significant for two reasons. First, it demonstrates that the overall market trend is still upward in terms of sales volume compared to 2023, with June’s decline being an anomaly rather than the start of a new trend. Second, it highlights the critical role of new inventory in driving the luxury market. The fluctuations in sales closely correlate with the availability of new listings, indicating that fresh inventory is a key factor in market performance.


Impacts of New Inventory


From January to May, a steady increase in new listings each month corresponded with a rise in sales. However, in June, new listings fell by 7.62 for single-family homes and by 11.21 for attached homes compared to May, leading to a 5.60 and 7.29 decrease in sales, respectively.


July, typically a slower month for real estate as people take vacations, saw an unexpected increase in both new inventory and sales. Although sales numbers did not rise above June’s levels, the percentage decrease was far smaller than in previous years. To put this into context, in July 2022, sales volume declined by 22.71 compared to June, and in July 2023, it declined by 18.27. In contrast, July 2024 saw only a 0.25 decline compared to June, and an 8.99 decline compared to May 2024, a much stronger month.


The common thread here is the amount of new inventory entering the market. In July 2022, new inventory fell by 20.35, in 2023 by 14.45, but in 2024 it only fell by 7.03 compared to June,which helped to sustain sales levels.


The Right Inventory


Another important factor is the type of inventory entering the market. It is not just about increasing the number of available properties; today’s affluent buyers are more discerning than ever. They are less likely to feel pressured to purchase a home that doesn’t meet their exacting standards.


Luxury properties must embody exclusivity, offer innovative amenities, support sustainable living, and display impeccable craftsmanship. They must cater to those who seek not just a home,but an elevated living experience. Whether it’s a luxurious penthouse with iconic cityscape views, a private enclave with dedicated amenities, or a sprawling estate in a serene countryside setting, the appeal of luxury real estate lies in the lifestyle it represents.If a property fails to meet these high standards, it is likely to remain on the market until the seller recognizes the need for adjustments.


... 


Read on
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            <pubDate>Tue, 20 Aug 2024 09:39:38 -0400</pubDate>
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        <item>
            <guid>https://www.bocaratonpremierproperties.com/blog/the-ratio-that-can-make-or-break-your-mortgage.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/the-ratio-that-can-make-or-break-your-mortgage.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>The Ratio That Can Make or Break Your Mortgage</title>
            <description> <![CDATA[ 

When it comes to securing a mortgage, there’s one critical factor that can determine whether you’ll be approved or rejected: your Debt-to-Income (DTI) ratio. While many aspiring homeowners focus on their credit score or the size of their down payment, it’s the DTI ratio that often serves as the deciding factor for lenders. In fact, a high DTI ratio is the number one reason mortgage applications get rejected.


What is the Debt-to-Income (DTI) Ratio?


Your DTI ratio is a measure of how much of your gross monthly income is used to pay off debts. This includes all of your financial obligations, such as your mortgage, credit card payments, auto loans, student loans, and any other recurring debt. The DTI ratio is expressed as a percentage and is calculated by dividing your total monthly debt payments by your gross monthly income.


For example, if your monthly debt payments total $2,000 and your gross monthly income is $5,000, your DTI ratio would be 40.


Why Lenders Care About Your DTI Ratio


Lenders use the DTI ratio to assess your ability to manage your monthly payments and repay the money you intend to borrow. Essentially, the lower your DTI ratio, the less risky you appear to lenders. This is because a lower DTI ratio suggests that you have a more manageable level of debt relative to your income, which makes it more likely that you’ll be able to make your mortgage payments on time.


On the other hand, a high DTI ratio indicates that a significant portion of your income is already committed to debt repayment, which could leave you financially stretched if you take on a mortgage. This increased risk of default makes lenders more hesitant to approve your mortgage application, or if they do, it may come with less favorable terms, such as a higher interest rate.


In the eyes of lenders, the DTI ratio is one of the most important indicators of a borrower’s financial health. It serves as a barometer for your ability to take on new debt while managing your existing obligations. This is why it’s often the primary reason mortgage applications get rejected, even if other factors like credit score and down payment are strong.


What DTI Ratio Should You Aim For?


To qualify for the best mortgage rates, lenders typically prefer a DTI ratio of 36 or lower. This means that no more than 36 of your gross monthly income should go toward paying debts, including your mortgage. A lower DTI ratio not only increases your chances of approval but also opens the door to better interest rates and loan terms.


However, different lenders may have varying thresholds. Some may approve loans for borrowers with DTI ratios as high as 43, particularly if they have strong credit scores or substantial savings. But in general, the lower your DTI ratio, the better your chances of securing a mortgage with favorable terms.


Steps to Lower Your DTI Ratio


If your DTI ratio is higher than the ideal range, don’t worry. There are several strategies you can use to reduce it and improve your chances of mortgage approval.


1. Pay Down Existing Debt


One of the most effective ways to lower your DTI ratio is to reduce your outstanding debt. Start by paying down high-interest debt like credit cards, as these can have a significant impact on your DTI ratio. Consider making extra payments on your loans or consolidating your debt to lower your overall monthly obligations.


2. Avoid Taking On New Debt


While you’re preparing to apply for a mortgage, it’s important to avoid taking on any new debt. This means holding off on financing a new car, opening new credit accounts, or making large purchases on credit. New debt will increase your monthly payments and, consequently, your DTI ratio.


3. Increase Your Income


Boosting your income is another way to improve your DTI ratio. If possible, consider asking for a raise, taking on a part-time job, or finding other sources of income. Remember, since DTI is a ratio, increasing your income can help offset your existing debt, making the ratio more favorable.


4. Refinance Existing Loans


If you have loans with high monthly payments, you might consider refinancing them to lower your payments and reduce your DTI ratio. For instance, refinancing an auto loan to a lower interest rate or extending the loan term can reduce your monthly payment, freeing up more of your income for a mortgage.


5. Consider a Larger Down Payment


Making a larger down payment on a home can help reduce your mortgage amount, which in turn lowers your monthly mortgage payment. A lower mortgage payment will contribute to a lower DTI ratio, improving your chances of getting approved for a loan.


The Bottom Line


Your DTI ratio plays a crucial role in the mortgage approval process. Lenders use it to gauge your financial health and determine whether you can afford the monthly mortgage payments. A high DTI ratio can be a red flag, signaling to lenders that you may be overextended financially, which could lead to a rejected application or less favorable loan terms.


To qualify for the best mortgage rates and increase your chances of approval, aim for a DTI ratio of 36 or lower. You can achieve this by paying down debt, avoiding new debt, increasing your income, refinancing existing loans, and considering a larger down payment.


By taking these steps, you can not only improve your DTI ratio but also put yourself in a stronger financial position as you take on the responsibility of homeownership. If you’re serious about buying a home, start working on your DTI ratio today—it could make all the difference in securing the mortgage you need.
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            <pubDate>Tue, 13 Aug 2024 10:50:00 -0400</pubDate>
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            <guid>https://www.bocaratonpremierproperties.com/blog/just-sold-luxury-condo-500-se-mizner-blvd-a909-boca-raton-fl-33432-townsend-place-rx-10943631.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/just-sold-luxury-condo-500-se-mizner-blvd-a909-boca-raton-fl-33432-townsend-place-rx-10943631.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>Just sold: Luxury condo 500 SE Mizner Blvd A909 Boca Raton FL 33432 Townsend Place RX-10943631</title>
            <description> <![CDATA[ 
Curious about what is happening in Townsend Place downtown Boca Raton?


   Click here to download the MLS customer report.


Click here for more details.


If you are interested in selling your luxury home in Boca Raton, now is a good time to list your home for sale
 ]]> </description>
            <pubDate>Fri, 09 Aug 2024 12:22:00 -0400</pubDate>
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        <item>
            <guid>https://www.bocaratonpremierproperties.com/blog/from-realtorcom-jennifer-lopez-finally-sells-her-new-york-city-penthouse-for-23m.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/from-realtorcom-jennifer-lopez-finally-sells-her-new-york-city-penthouse-for-23m.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>From Realtor.com, Jennifer Lopez Finally Sells Her New York City Penthouse for $23M</title>
            <description> <![CDATA[ 

It’s been a busy summer for Jennifer Lopez and her real estate.Earlier this month, the superstar listed the Beverly Hills mansion she shared with husband Ben Affleck. The newlyweds purchased the 38,000-square-foot estate just last year for $60.8 million. The current price tag is $68 million.And now, amid rumors of relationship woes, she appears to have finally sold her New York City penthouse, according to the Real Deal.The elegant abode with an enviable terrace in the NoMad neighborhood of Manhattan was listed for $27 million in 2017. On and off the market since then, the 6,540-square-foot residence had its price eventually reduced to $24,990,000. The sale price was $23 million, according to the New York Post.Lopez reportedly purchased the home in 2014 for just over $20 million.


Read on
 ]]> </description>
            <pubDate>Fri, 02 Aug 2024 13:41:00 -0400</pubDate>
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            <guid>https://www.bocaratonpremierproperties.com/blog/top-4-factors-to-consider-when-choosing-your-mortgage.html</guid>
            <link>https://www.bocaratonpremierproperties.com/blog/top-4-factors-to-consider-when-choosing-your-mortgage.html</link>
                        <author>jla@groupjla.com (Jean-Luc Andriot)</author>
                        <title>Top 4 Factors to Consider When Choosing Your Mortgage</title>
            <description> <![CDATA[ 

 




With home prices and rates still relatively high, securing a mortgage can feel daunting––even to the most experienced borrowers. But dont let that deter you: If other homebuyers experiences are any indication, odds are youll eventually find a home loan that works well for you.


In fact, most U.S. homeowners say theyre satisfied with the mortgage they received, according to a recent Bankrate survey. The vast majority of the surveyed homeowners (69) said theyd buy their current home again if they had a do-over.1


The key to finding the right home loan for you is to look for one that you’ll feel comfortable with long after youve closed on your new property. In addition to comparing term lengths and mortgage rates, also consider how the loan will fit your daily life and preferences.


For example, we recommend asking yourself questions such as: Are you a natural risk taker, or do you prefer firm plans and predictability? Can you afford a bigger mortgage payment if interest rates increase, or are your anticipated home expenses already stretching your monthly budget?


To help you get started, weve rounded up four of the most important factors to consider when narrowing your list of potential mortgage options.






Your Credit Score






That three-digit number that credit scoring companies like VantageScore and FICO assign not only influences your interest rate, but it also helps determine the type of mortgage you can get.


To secure a conventional mortgage from a major bank or credit union, youll typically need a FICO score of at least 620. But some mortgage types require even higher credit scores.2


For example, to qualify for a U.S. Department of Agriculture (USDA) loan to buy a qualifying rural property, youll need a minimum FICO score of 640. Or, if youre seeking a supersized loan, such as a jumbo mortgage (which are home loans above $766,500 to $1,149,825, depending on where you buy the home), you may need a FICO score of at least 700 or more.2


You still have options, though, if your credit score is lower. You may be able to get a Federal Housing Administration (FHA) loan with a 580 credit score if you have enough cash saved for at least a 3.5 down payment. And if you have at least a 10 down payment, you may qualify even if your score is in the 500 to 579 range. Alternatively, if youre a military service member, veteran or spouse, you may be able to get a U.S. Department of Veterans Affairs (VA) loan with little or no money down with a credit score in the 580 to 620 range.2,3


Some regional banks and credit unions may also be more flexible than others with minimum required credit scores.4 But if you can afford to wait, you may be better off paying down your debt first so your score can improve. The interest you save with a more competitively priced loan could enable you to buy a more desirable home.






Your Income and Expenses






The amount of money you make, as well as how much you owe, will also influence your mortgage options.


Lenders like to see that you still have plenty of income left over after paying your expenses and generally prefer that you spend no more than 28 of your income on housing, or a maximum of 36 (which is the cap that federally-sponsored lenders Fannie Mae and Freddie Mac advise).5


A mortgage lender will also compare your expected income to the total amount of debt youll carry once youve bought the home.6 This is called your debt-to-income (DTI) ratio, and lenders consider it a key indicator of whether you can afford a particular mortgage. In fact, research by NerdWallet found that a high DTI ratio is the most common reason mortgage applications get rejected.6


In addition to outstanding debts, lenders factor in other expenses unique to a home, such as property taxes, homeowners insurance, and homeowner association fees. Your approval odds will be higher if you have a DTI ratio below 36.7 But if you have great credit and ample cash, you may still be able to get a conventional loan with a DTI ratio in the 45 to 50 range.8 If not, you will likely need to look to other “non-conforming” loan types, such as government-backed mortgages.


With a FHA loan, for example, you may be able to get away with a DTI ratio of 43 to 57, depending on your credit history and savings. Similarly, if you qualify for a VA loan, you may be able to get one with a DTI ratio of 41 or more. USDA loans, on the other hand, are a bit stricter. To get approved, your DTI ratio cant be higher than 41 and your income must be below a certain threshold for your family type.6






Your Expected Down Payment






The size of your down payment will also impact the type of mortgage you can get. You dont have to put down 20 to qualify for a conventional mortgage, but you will need a significant amount. According to the National Association of Realtors, the median down payment amount in 2023 was 14. For younger buyers under the age of 33, it was 8.9


In some cases, a larger down payment may also help you qualify for loans you might not otherwise. For example, it can be tough to get a mortgage when youre self-employed. But some conventional lenders may be willing to work with you if you put down more than 20.10


If your cash reserves are slim, then you may want to consider an FHA loan instead, which only requires 3.5 down.11 Or, if you qualify for a USDA or VA loan, you may be able to skip the down payment altogether and buy your home with no money down except for a small funding fee.11


Keep in mind, though, that a smaller down payment will likely mean a larger monthly payment. Plus, youll not only pay more interest overall and be responsible for a larger principal, youll also need to take out mortgage insurance. Conventional loans require private mortgage insurance (PMI) if your down payment is below 20, while FHA loans always require insurance.12


How much you spend on mortgage insurance will also vary, depending on the size and type of loan you choose, as well as your credit score and other factors. For example, FHA mortgage insurance premiums (MIPs) are generally more expensive than PMI and also require an upfront payment at closing on top of annual premiums.12 Insurance for adjustable rate mortgages (ARMs) also tends to be on the higher side.13






Your Lifestyle and Risk Tolerance






In addition to your budget, one of the most important factors to consider when comparing mortgage options is your temperament.


For most Americans, a mortgage is a decades-long commitment. So its important to find one you can happily live with—and comfortably repay—for the long haul.


Most fixed rate mortgages, for example, are designed to last anywhere from 15 years to three decades or more, with 30-year mortgages being the most popular option.14 When you spread out your repayment over such a long period, monthly payment amounts are smaller, so you can slowly chip away at your debt at a leisurely pace. The catch is you also pay more in interest.


With a shorter mortgage term, by contrast, you pay less overall. But your monthly payment amount will also be much higher.15 For some homeowners, the long-term savings are worth it. But if keeping up with your mortgage requires significant lifestyle adjustments, then you may come to regret it.


Another way to lower your monthly payment in the short term is to choose an adjustable-rate mortgage (ARM) that offers a low fixed APR for a lengthy period (typically five, seven or 10 years) before changing to a variable rate.16 This can be an especially useful loan type if you only plan to stay in the home for a relatively short period. But buyer beware: ARMs can be risky if you dont plan ahead for a higher interest rate.17


BOTTOMLINE


Regardless of the loan you choose, it pays to shop around and carefully compare terms. According to research by LendingTree, most homebuyers risk leaving money on the table by sticking with the first lender that they meet.18


Fortunately, we have a vetted list of mortgage professionals who can explain your options, answer your questions, and help you find the best loan to meet your needs. We can also develop a custom plan for securing a great home that fits your budget. Reach out when youre ready to get started.


The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.


Sources:






Bankrate - https://www.bankrate.com/mortgages/home-affordability-report/






Bankrate - https://www.bankrate.com/real-estate/what-credit-score-do-you-need-to-buy-a-house/






U.S. News amp; World Report - https://money.usnews.com/loans/mortgages/va-loans






Newsweek - https://www.newsweek.com/vault/mortgages/bank-vs-credit-union-for-mortgages/






Bloomberg - https://www.bloomberg.com/news/articles/2024-05-17/how-much-income-do-you-spend-budget-for-home-mortgage-in-us






NerdWallet - https://www.nerdwallet.com/article/mortgages/debt-income-ratio-mortgage






Bankrate - https://www.bankrate.com/mortgages/why-debt-to-income-matters-in-mortgages/






Bankrate - https://www.bankrate.com/mortgages/how-interest-rates-are-set/






National Association of Realtors - https://www.nar.realtor/sites/default/files/documents/2023-home-buyers-and-sellers-generational-trends-report-03-28-2023.pdf






Bankrate - https://www.bankrate.com/mortgages/self-employed-how-to-get-a-mortgage/






Bankrate - https://www.bankrate.com/mortgages/no-down-payment-mortgage/






CFPB - https://www.consumerfinance.gov/ask-cfpb/what-is-mortgage-insurance-and-how-does-it-work-en-1953/






Bankrate - https://www.bankrate.com/mortgages/basics-of-private-mortgage-insurance-pmi/






MPA Magazine - https://www.mpamag.com/us/mortgage-industry/guides/the-7-most-popular-types-of-mortgage-loans-for-home-buyers/255499






Investopedia - https://www.investopedia.com/articles/personal-finance/042015/comparison-30year-vs-15year-mortgage.asp






NerdWallet - https://www.nerdwallet.com/article/mortgages/adjustable-rate-mortgage-arm






Federal Reserve Bank of St. Louis - https://www.stlouisfed.org/on-the-economy/2024/feb/which-households-prefer-arms-fixed-rate-mortgages






LendingTree - https://www.lendingtree.com/home/mortgage/shopping-around-survey/






 


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