FL Mortgage Loans

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 grows in the form of  equity  as a homeowner makes their mortgage payment each month

  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 necessary.” If sa

  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 a si

  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 vaccines s

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 Seller Credits f