Is now the time to buy? Is it time to refinance?

Yes! Yes! Yes!


Mortgages rates continue to hit an all-time low (current rates in Florida are 2.87%) and, according to a new study done by Zillow, a house hasn't been this favorable to buy since 1971. The thought is, if prices continue to increase and mortgage rates eventually increase as well, what is everyone waiting for? With lower mortgage payments, your lifetime savings will increase. Predictions are currently that the interest rates will start to rise in 2021.


When deciding to PURCHASE, what questions should you ask:

What do I qualify for? How much of a home can you purchase? $100k, $500k, $1M…

What is my credit score? A lower credit score may cost a higher interest but paying down your debt can easily raise your score for a better rate.

What’s my debt-to-income ratio? How much money do you owe on your credit cards vs. your gross income?

What do my savings look like? Saving for a down payment is as important as the savings you have in your bank account after you close.


When deciding to REFINANCE, what questions should you ask:

What do I qualify for? How much of a home can you purchase? $100k, $500k, $1M…

What is my credit score? A lower credit score may cost a higher interest but paying down your debt can easily raise your score for a better rate.

What is my homes equity? How much did you pay for your home and how much is it worth today? You might be surprised at the equity hike.

What’s my debt-to-income ratio? How much money do you owe on your credit cards vs. your gross income?

Does my monthly savings make sense? How much will you be saving on your new mortgage payments vs. what you’re paying today?


These are just basics when it comes to purchase a new or refinancing your home and the team at Floridian First Realty is your home specialist guiding YOU on one of the most important investment decisions of a lifetime.


https://southfloridaagentmagazine.com/2021/02/03/waiting-to-buy-in-miami-could-mean-higher-mortgage-payments/?utm_source=newsletter&utm_medium=email&utm_content=https%3A//d31hzlhk6di2h5.cloudfront.net/20210208/58/3d/9f/9a/0d9d23e06a48c2977253d04b_1024x682.jpg&utm_campaign=MIA-AU-2-8




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