Millennials Archives

Advice for First-Generation Homebuyers

Written by Florida Condotel Mortrgage on December 15, 2021. Posted in Condotel Mortgage Financing, Condotel Mortgage Florida, Demographics, First Time Home Buyers, Florida Condotel Mortgage, For Buyers, Gen Z, Millennials, Mortgage.

The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and those closest to them, including their parents and future generations.” In other words, your dream of homeownership has far-reaching impacts. If...

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

Written by Florida Condotel Mortrgage on October 9, 2021. Posted in Condotel Mortgage Financing, Condotel Mortgage Florida, Florida Condotel Mortgage, For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, Mortgage, New Construction.

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market. Content previously posted on Keeping Current Matters

Is a 20% Down Payment Really Necessary To Purchase a Home?

Written by Florida Condotel Mortrgage on September 29, 2021. Posted in Buying Myths, Condotel Mortgage Financing, Condotel Mortgage Florida, Demographics, Down Payments, First Time Home Buyers, Florida Condotel Mortgage, For Buyers, Gen Z, Millennials, Mortgage.

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down is not mandatory. As Freddie Mac puts it: “The most damaging down payment myth—since it stops the homebuying process...

Category: Millennials

Advice for First-Generation Homebuyers

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

Is a 20% Down Payment Really Necessary To Purchase a Home?

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