FL Mortgage Loans

  Tax refund season is an amazing way for renters to fund a small down payment to become home owners! When combined with our available Down Payment Assistance plans, you can become a homeowner for a LOT LESS out- of- pocket than you might think! Let's talk about it? www.DanFreshley.com

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. For nearly two years, real estate professionals have worked tirelessly to ensure the safety of   buyers   and   sellers   during the pandemic. Today, they’re seasoned experts, not just in the art of buying and selling homes, but also in how to keep you safe throughout the process.  Real estate professionals  have learned new technologies plus safety and sanitation measures. As new variants emerge, those lessons continue to be key ways agents add value. Real Estate Advisors Stay Current on Guidance for In-Person Showings Agents don’t leave your health up to chance. They follow guidance from the  Centers for Disease Control  (CDC) and the  National Association of Realtors  (NAR) to ensure in-person showings are safe. NAR maintains industry-specific resources to ensure agents are informed on the latest recommendations and best practices. Gu...

  As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have set your goal based on a common misconception.  Freddie Mac   says : “The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.” Unless specified by your loan type or lender,  it’s typically not required to put 20% down . According to the  Profile of Home Buyers and Sellers  from the  National Association of Realtors  (NAR), the median down payment hasn’t been over 20% since 2005. It may sound surprising, but today, that number is only 13%. And it’s even lower for  first-time  homebuyers,  whose median down payment is only 7%   (see graph below) : What Does This Mean for You? While a down payment of 20% or more does ...

  As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of   benefits to homeownership   every renter needs to consider. Here are a few things you should think about before you settle on  renting  for another year. 1. Rents Are Rising Quickly Rent increasing each year isn’t new. Looking back at  Census  data confirms rental prices have gone up consistently for decades  (see graph below): If you’re a renter, you’re faced with payments that continue to climb each year.  Realtor.com  recently shared the  September Rental Report , and it shows price increases accelerating from August to September  (see graph below) : As the graph shows, rents are still on the rise. It’s important to keep this in mind when the time comes for you to sign a new lease, as  your monthly rental payment may in...

  With the average 30-year fixed mortgage rate from  Freddie Mac  climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts  project  rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do  rates  above 3%  really  mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective. The  graph  below shows today’s rate in comparison to average rates over the last five years: As the graph shows, even though today’s rate is above 3%,  it’s still incredibly competitive. But today’s rate isn’t just low when compared to the most recent years. To truly put today into perspective, let’s look at the last 50 ye...

Rents have increased significantly this year. The latest   National Rent Report   from   Apartmentlist.com   shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year,  the national median rent has increased by a staggering 16.4 percent.  To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.” Looking back, we can see rents rising isn’t new. The median rental price has  increased  consistently over the past 33 years  (see graph below) : If you’re thinking of  renting  for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true  cost  of renting. The Money Renters Stand To Lose This Year A homeowner’s monthly mortgage payment pays for their shelter, but it also acts as an investment. That investment ...

  HUGE Home Buying MYTH that you must have 20% down payment to buy! Most borrowers average LESS than 20% down payment. Did you know that we offer up to $10,000 in Down Payment Assistance to eligible applicants? Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come up with 20% of the total sale price for your down payment. This means people who could buy a home may be putting their plans on hold because they don’t have that much saved yet. The reality is, whether you’re looking for your first home or you’ve purchased one before, you most likely don’t need to put 20% down.  Here’s why. According to Freddie Mac: “The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessar...

  Traditionally speaking, the holiday season is not when homebuyers flock to sign on the dotted line. But 2020 was a different animal, and the numbers are in. Pending home sales reached a record high for December as the unseasonable housing surge continued in markets across the country during the COVID-19 pandemic. According to Realtor Magazine, pending sales were up 21.4% year over year in December, reaching the highest reading for a December on the National Association of REALTORS®’ Pending Home Sales Index. All major regions of the U.S. recorded double-digit increases annually. While housing shortages continue the upward pressure, National Association of Realtor’s chief economist Lawrence Yun says,“Pending home sales contracts have dipped during recent months, but I would attribute that to having too few homes for sale.” “There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings. This elevated demand without ...

  MARKET FOCUS: STIMULUS, SERVICE SECTOR, AND BLOCKBUSTER HOME SALES Stocks opened lower this morning after generally unchanged yesterday.  Investors are pausing to get more specifics from the Biden administration. Equity markets will love the increased spending, but how much love is where markets are today. Biden wants a $1.9 trillion stimulus package to shorten the economic decline.  Most world leaders are taking a more conservative outlook. Hopes that activity can return to normal in the hardest-hit economies are becoming increasingly distant despite the progress being made on vaccinations. U.K. Prime Minister Boris Johnson signaled that the country's current lockdown could last until the summer while officials there have suggested paying people who test positive for the virus to stay at home. German Chancellor Angela Merkel said it would be late September before everyone who wants to get vaccinated can get a shot. Anger is rising across Europe as the supply of Pfizer ...

About Dan Freshley Home Loans and who we are- Welcome to our virtual loan office! From this site you can inquire about available loan products, current interest rates, terms, fees and even make loan application. Dan Freshley is an over 20 year mortgage industry veteran and has assisted thousands of families become homeowners and accomplish their financial goals through home ownership.  We are a Federally Charted Bank lending in all 50 states. Offering home loans and programs for virtually every possible loan scenario, no matter what the circumstances, no matter what the credit history.  With our National presence, we can offer products and services many one dimensional lenders or mortgage brokers can not. Among the many products we have available are the following;  100% mortgage packages, with no Primary Mortgage Insurance, saving most buyers hundreds of dollars monthly. First Time Home Buyers Programs including Down Payment Assistance that can allow Se...