It’s been said that two things in life are certain – death and taxes. But in Florida, skyrocketing insurance rates may need to be added to the list. Homeowners across the state are watching helplessly as their rates soar.
In order to get preapproved for a mortgage, your mortgage lender will need to verify your income and asset information to determine how much home you can afford and the interest rate you’ll pay on the loan.
While we aren’t beyond the pandemic by any stretch of the imagination yet, the fundamentals have grown stronger. The Federal Reserve tried to impart that message last Wednesday, while still pointing out that they were prepared for any change in course. For the first time, the Fed talked about discussions to slow asset purchases.
Charles Earle Elementary School has been shuttered since 2013. Soon, it could be thriving again – albeit, not as an educational institution.
If you’re feeling overwhelmed by debt, you’re not alone. Many Americans are dealing with major credit card debt on top of mortgages, student loans, car loans, and medical bills. With some of the highest interest rates of any debt, credit card debt is one of the worst to carry. In fact, consumers pay double or even triple the interest rates on credit cards than they do on most auto loans, student loans, and home loans.
The median price of an existing home according to the National Association of REALTORS® was $350,300 in May. It’s a new record high and 23.6% above where prices were in May 2020. When looking at new home sales, the median sale price was up 18.1% on the year at $374,400.
