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Orlando Realtor Tips | Free Annual Disney Passes when buy EXIT Magic Cit Blog

Wednesday, September 21, 2022   /   by Todd Mowry

Are You Covered? A Homeowner’s Insurance Guide- Todd Mowry Your Local Orlando Area Realtor

No one likes to think about disasters. Severe weather, fire, theft—or even a seemingly small issue like a broken pipe—can wreak havoc on your home and result in thousands of dollars in damages. Fortunately, a good homeowners insurance policy can offer you peace of mind that you and your family will be financially protected if disaster strikes.
A homeowners insurance policy covers your home—as well as the belongings in it—in case of theft, accidental damage, or certain natural disasters. In fact, most financial institutions require that you purchase homeowners insurance before they issue a mortgage. While coverage varies, most policies also help to protect you from liability should someone outside your household become injured on your property. And that liability coverage is often extended to include damage you (or anyone living in your household) may do to someone else’s property.1
With all the protection offered, it’s equally important to unders ...

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Wednesday, September 14, 2022   /   by Todd Mowry

8 Strategies You Must Know to Secure a Lower Mortgage Rate- Todd Mowry Your Local Orlando Area Realtor

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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Thursday, March 31, 2022   /   by Todd Mowry

Hedge Against Inflation With These 3 Real Estate Investment Types

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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  orlando real estate, orlando realtor, homebuying, benefits of buying a home, should i rent or buy a home, orlando realtor tips, hedging against inflation with real estate

Thursday, January 6, 2022   /   by Todd Mowry

A Return to 'Normal' ? The State of the Real Estate Market in 2022

Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1

However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2 While this trend could be attributed to seasonality, it could also be a signal that the real estate run-up may have passed its peak.

So what’s ahead for the U.S. housing market in 2022? Here’s where industry experts predict the market is headed in the coming year.

MORTGAGE RATES WILL CREEP UP

Most economists expect to see mortgage rates gradually rise this year after hitting record lows in late 2020 and early 2021.3

Freddie Mac forecasts the 30-year fixed-rate mortgage will average 3.5% in 2022, up from around 3% in 2021.4

The Mortgage Bank ...

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Thursday, October 14, 2021   /   by Todd Mowry

Shut Down Home Intruders With These 7 Safety Strategies From Todd Mowry Your Local Realtor

 
According to the FBI, more than one million burglaries are committed in the United States each year, with victims suffering an estimated $3 billion in combined property losses.1 Fortunately, there are some proven tactics you can use to decrease your likelihood of a home invasion.
 
Most burglars won’t go to extreme lengths to enter a residence. They are looking for easy access with minimal risk. A monitored security system can be an effective deterrent—homes without one are 300% more likely to be burglarized—but it isn’t the only way to protect your property.2 The strategies below can help to maximize your home’s security and minimize your chances of being targeted by intruders.
 
Thinking about listing your home? We have some additional recommendations for you. Contact us to find out the procedures we use to keep our clients and their property safe and secure during the buying and selling process.
 
 

Check Your Door; ...

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653 Maguire BLVD, Suite 900
Orlando, FL 32803
407-227-4800

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