Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]

Written by Panama City Mortgage Mortgage Syndicated User on April 27, 2024. Posted in Affordability, Equity, Infographics, Mortgage Panama City, Move-Up, Panama City Mortgage.

Some Highlights Did you know the equity you have in your current house can help make your move possible? Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer. The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a local real estate agent for a Professional Equity Assessment Report.

Is It Getting More Affordable To Buy a Home?

Written by Panama City Mortgage Mortgage Syndicated User on April 19, 2024. Posted in Affordability, For Buyers, Mortgage Panama City, Panama City Mortgage.

Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says: “We’re slowly climbing our way out of an affordability hole, but we have a long way to go. Rates have come down from their peak and are expected to fall again by the end of the year, which should make homebuying a little more affordable and incentivize buyers to come off the sidelines.” Here’s...