Thursday, May 19, 2022 / by Alona Sporcich
Are you thinking of buying a home but not sure where to start? Yes, there are a lot of details to work out during the home-buying process but it doesn't have to be overwhelming. Here are a few steps to get you started.
Step 1: Put money aside for the purchase.
As you are probably aware, lenders will want a down payment on the home you choose to buy. You should start saving money prior to even shopping for your home. The best way to do this is direct depositing a portion of your paycheck into a dedicated savings account. Try to avoid spending any money out of that account for anything else other than your home. You should also save for the closing costs associated with the property purchase in addition to the down payment. While you're saving, check into programs that can assist you with down payments and other fees. This could help you get ahead on your first payment when it comes due.
Step 2: Make certain you have a good credit score.
The next stage in preparation ; ...
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Wednesday, May 11, 2022 / by Alona Sporcich
It has been the year of the Charcuterie board. People like choice and abundance. Place a charcuterie board down in front of people and they get to pick and choose what they like, making flavor combinations that appeal to them. It’s like a food version of choose-your-own adventure. When you're looking to entertain or need ideas for an event, think of Local Chef Tina Jean. She has the art of the board down to a science.
NASA is what first brought her and her family to the wonderful Space Coast community in 2019. She is a ten year Air Force Veteran, stay-at-home mom and now your local personal chef! After proudly serving her country in the USAF, she graduated with a Bachelor’s degree in Culinary Science and Management and became an Instructor Chef at a well-known cooking school in Utah.
In addition to teaching classes, she also ran her personal chef business, The Custom Chef, LLC. In this business, she combines her love of teaching and passion for coo ...
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cocoa beach florida, cape canaveral, viera, florida living, florida space coast, charcuterieboard
Thursday, May 5, 2022 / by Katy Foster
Many homeowners that are wanting to sell are concerned about how long the amount of work it will take to get their home move-in ready before listing it for sale. In today’s housing market, homes might be closer than you think to being market-ready.
A survey of recent sellers from realtor.com found that many homeowners have been able to get their home ready in less than a month. The report stated, “with many homeowners expecting the sale to go quick, and a lot of contingencies getting excluded, preparing homes for the market took less than a month for over 50% of home sellers this past year, with 20% completing it in less than two weeks.”
With mortgage rates and home prices rising, buyers in today’s market are serious about quickly finding a home. But, there are very few options for buyers to choose from with the limited number of homes for sale. This means that many buyers are snatching up the best they can get and are willing to take on projects; ...
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Thursday, April 28, 2022 / by Flr Team
Homeownership is still the American dream, and the strong desire for homeownership has kept home values appreciating. But with the continual rise of home prices, some people may be concerned that the housing bubble is about to pop, just as it did in 2006.
The way prices have spiked over the past two years is very similar to how prices spiked prior to 2006. But today’s market is nothing like the one we experienced 15 years ago. Let’s look at what happened last time and what is happening today.
There were many foreclosures back in 2006 that dramatically drove down home values. The reason for this is that banks were creating demand for homebuyers by lowering lending standards and making it easy for anyone to qualify for a home loan or refinance their current one. Purchasers were not truly qualified for the mortgage they obtained, which led to homes turning into foreclosures.
Today, mortgage companies have much higher standards for those purchasing or refin; ...
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Wednesday, April 20, 2022 / by Flr Team
It’s common for two people to buy a home together even if it’s not a spouse. You’ll both need to pay mortgage payments, but it’s a lot easier to afford a home when you’re splitting the cost with someone else. Plus, you’ll also share gained equity.
The most common type of co-ownership is when a married couple buys a home together. But there are other types of co-buyers that mortgage lenders will allow, for example, adult siblings looking to purchase a home that’s more fit for them to care for their elderly parent, or someone that’s been saving up for their first home, but is afraid of the responsibility of being the sole owner of the home. They could purchase it with a friend as joint owners.
So what is co-buying? It means you are the co-borrower on the mortgage loan. You’ll both apply for the loan together and both will go through the same financial checks as someone applying alone.
Each co-borrower will have the same; ...
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