Monday, February 27, 2023 / by Todd Mowry
Here we are in a new month and a new year. The housing market is still moving along…it just has slowed down a bit compared to the few torrid paced years we had before. We are also coming into a new year and out of the holidays which is a slower time of year for home sales in general every year. The FED has raised rates again, but they are still staying in the same ballpark of rates that has been the average over the past 30 or so years. The past 30 years the average after the peaks and valleys has been around 6 to 7% and thats where we are. I don’t see 4% or less coming back anytime soon. It would be great, but for all of you holding out for that again..good luck. Right now if you plan on buying a home in the near future… soon… if not now is a good time if you want to have more choices and be able to take your time. The buying cycle has slowed down to more of a normal pace and buyers and sellers can breathe and real contract negotiations and home inspections ...
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Monday, October 17, 2022 / by Todd Mowry
We all dream about having our own home and not be compelled to
live in a rental. However if you’re just like most of today’s renters, you
most likely feel trapped in an apartment or condo that just doesn’t feel
comfortable and like your home.
How could you feel at home in a place where you’re not even allowed to paint a wall or change a fixture to one you like better ? Don’t you feel stuck in a rut with literally no chance of getting out ? Well, you
shouldn’t. Believe it or not, there are ways to move out of a rental and
into your own home.
6 NOT-SO-COMMON FACTS THAT MIGHT HELP YOU BECOME A FIRST-TIME HOME OWNER
Most renters don’t fear that they won’t be able to pay a monthly
mortgage. You’re already paying rent, so that ship has already sailed.
The real problem is that people don’t have enough capital to cover a
down-payment. Believe it or not, saving up and or getting a down payment is not
that difficult ...
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Wednesday, September 14, 2022 / by Todd Mowry
Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes to predicting where rates are headed next.1
This climate has been unsettling for some homebuyers and sellers. However, with proper planning, you can work toward qualifying for the best mortgage rates available today – and open up the possibility of refinancing at a lower rate in the future.
How does a lower mortgage rate save you money? According to Trading Economics, the average new mortgage size in the United States is currently around $410,000.2 Let’s compare a 5.0% versus a 6.0% fixed-interest rate on that amount over a 30-year term.
Mortgage Rate(30-year fixed)
Monthly Payment on $410,000 Loan(excludes taxes, insurance, etc.)
Difference in Monthly Payment
Total Interest Over 30 Years
Difference in Interest
5.0%
$2,200.97
$382,348.72
6.0%
$2,458.16 ...
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Friday, June 17, 2022 / by Todd Mowry
I love how pet friendly our area is and others have taken notice….
This our dog Lu. He is a Black Lab and Bassett Hound mix. (At least we think and thats what the vet thinks as well. He is a rescue we fo
This is Hercules he is a Whippett Beagle mix. (Again we think so because that what the vet thinks.) He is also a rescue that we got at Pet Rescue By Judy.
The street.com a personal finance investing and retirement site ranks Orlando as the 3rd ranked dog friendliest major city in the U.S.
What they did was compare the 100 most populated cities across 3 key dimensions:
1. Pet budget: Which includes costs of veternary care, pet sitting and dog insurance.
2. Pet health and wellness which includes the number per capita of vets, trainers, pet sitters, animal shelters, dog friendly restaurants, and shops as well as pet friendliness of the rental market and animal protection laws.
3. Outdoor pet friendliness… which includes things ...
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Thursday, March 31, 2022 / by Todd Mowry
The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you.
Economists expect the effects of inflation, like a higher cost of goods, to continue.2 Luckily, an investment in real estate can ease some of the financial strain.
Here’s what you need to know about inflation, how it impacts you, and how an investment in real estate can help.
WHAT IS INFLATION AND HOW DOES IT IMPACT ME?
Inflation is a decline in the value of money. When the rate of inflation rises, prices for goods and services go up. Therefore, a dollar buys you a little bit less with every passing day.
The consumer price index, or CPI, is a standard measure of inflation. Based on the latest CPI data, prices increased 7.5% from January 2021 to January 2022.1 A little bit of inflation is considel ...
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