Home prices have risen significantly in the last year for the entire country, not just Southern Florida. Appreciation and home equity go hand in hand, so as a home’s value increases, so does equity. Homebuyers are seeing more financial stability and forecasted home prices are expected to appreciate at a high rate within the next […]
Commercial loans are the loans that money lenders and banks for businesses provide. Usually, the loans are short-term but can be permitted for renewal or extension at the financial institution’s discretion. Many businesses will use them to expand facilities, purchase materials, acquire real estate, pay off debt, and make acquisitions. There are many types of […]
Self-employment comes with many benefits. You get to create your own schedule, and you are in charge of your work-life balance, but when it comes to purchasing a home, can it help you or make things more complicated? There are currently no additional requirements that make it more difficult for the self-employed population in Florida […]
Rather than venturing out into today’s housing market, many homeowners are turning instead to remodeling their homes. It is no small feat, but with careful planning and help from Orlando hard money lending, remodeling is possible. According to HomeAdvisor, the median cost for renovating a home last year averaged out to $46,755. Their data also […]
Medium sale prices for houses and condos in both Miami-Dade and Broward counties have slipped or stayed flat per data published by the Miami Realtors Association. Does this mean that South Florida home prices are finally calming down? The short answer – probably not. While prices have dropped – in Miami-Dade county, there was a […]
Mortgages do not have to be given out only by banks and credit unions. Some alternatives, like hard money lenders in Florida, can help you save money and qualify faster. Monroe funding corp makes it easy and headache-free to qualify for a mortgage during your home buying process. Knowing the difference between a mortgage lender […]
South Florida’s housing market is on fire right now, making it difficult for many to find the home of their dreams. After placing bid after bid, only to receive the news it was turned down, or finding the perfect home but taking too long to act, many are turning to home building instead. Sales for […]
Remote work boomed in popularity throughout the last year as many were forced to work from home amid the COVID-19 pandemic. This allowed a whole new set of residents from all across the country, especially with Florida’s booming real estate economy. As more and more companies are avoiding going back to a traditional office setting, […]
Any time you apply for a mortgage, you will need to verify your income to show you will be able to pay back the loan, whether that is an FHA loan, VA loan, or a jumbo loan, which all fall under the conventional mortgage category. Not every borrower can traditionally prove income – some do […]
If you have been on the search for a house, there has been one word on your mind: mortgages. A mortgage is an agreement between a home buyer and a lender that enables the lender the right to take possession of the property should you fail to repay the money you have borrowed, plus interest. […]