Monday, April 17, 2023 / by Abby Kurtz-Lendner
If you're looking to purchase a home, one option that may be available to you is an FHA Loan. While we are not a lender, we do work with several amazing, local lenders that can help advise you on the best route for you, to determine your buying power, and break down the numbers!
FHA Loans are backed by the Federal Housing Administration and can be a great choice for first-time homebuyers or those with limited financial recourses. In this blog, we'll take a closer look at FHA loans and what you need to know before applying.
What is an FHA Loan?
An FHA loan is a mortgage that is insured by the Federal Housing Administration. The FHA is a government agency that was created in 1934 to increase homeownership in the United States. FHA loans are designed to help people with lower credit scores or limited financial resources qualify for a mortgage.
One of the benefits of an FHA loan is that it requires a lower down payment than a conventional mortgage. While conventional mortgages typicall. ...
Tuesday, April 11, 2023 / by Abby Kurtz-Lendner
The real estate market is currently experiencing an unusual cycle. Typically, the market moves between a buyer's and seller's markets, but the situation now is different. Both the supply and demand have decreased. According to a Redfin study, new listings dropped by 21.8% year-over-year during the four weeks ending April 2, one of the most significant declines since the start of the pandemic.
One reason for the decrease in supply is that many homeowners have no desire to move as they have secured generational-low mortgage rates in recent years. While interest rates have fallen for four consecutive weeks, they are still twice as high as before 2021. Homebuyers who are not deterred by current mortgage rates quickly purchase new listings. Almost half of the homes that go under contract are sold within two weeks of listing. This is an increase from about 25% at the beginning of 2023.
Redfin Deputy Chief Economist Taylor Marr believes that elevated mortgage rates may discourage potential . ...
Friday, October 25, 2019 / by Lauren McGinnis
Halloween week is almost upon us, and nothing says Halloween quite like carved pumpkins! Hosting pumpkin carving parties, and even competitions, for family and friends has become a new trend. If you are jumping on board and hosting a party this weekend we have some ideas to help make it fun for everyone!
First we suggest you keep things easy and casual. You are going to get messy when carving and scraping out the pumpkin, so keeping everything light and easy will not only save you time on decorating but also clean up. Set up a few folding tables with disposable table cloths, a few pumpkin carving tools and designs for everyone to use. Top it off with some music and let the pumpkins be the decorations.
Of course you will want some food to snack on while working, creating a grazing table or buffet with small finger foods will keep everyone happy. Don't spend time making an elaborate meal, keep it simple. Everyone is going to want to focus on why they are there in the first place.; ...
Friday, October 11, 2019 / by Lauren McGinnis
Struggling to come up with a down payment? You're not alone. According to a recent survey from Apartment List, 62% of millennial renters say that's their main reason for delaying buying a home. Of that group, 48% say they have no money for a down payment.
Saving thousands of dollars can feel overwhelming but luckily there are several options to help realize the dream of owning your own home. Not all of the programs are publicized. That's where working with a REALTOR can help! Here are some tips to help you find the right down payment assistance for you.
The first thing we recommend is to ask your REALTOR or lender. They would be able to help guide you to programs best matching your criteria or, at the very least, put you on the right track.
If you do not have a REALTOR yet, start with a national search. When you search for programs that aren't connected to a specific location, you give yourself more options. Doing your own research will not only make; ...
Friday, October 4, 2019 / by Lauren McGinnis
Happy October! The city of Cape Coral has some wonderful events happening this month all around town. If you are looking for some fun activities for you and the family, look no further! We have compiled everything into one easy to find place for you. You can also follow our facebook page to keep up to date with all local events https://www.facebook.com/TheColeTeamSWFL/
5 - Nature of Cape Coral Bus Tour
(Rotary Park | 8 AM - 12 PM | $15 per person)
5 - Howl-O-Ween at the Tony Rotino Center
(10:30 AM - 12:00 PM | $5 per dog | Cape Coral Yacht Club)
5 - Free Family Movie Night at Youth Center
(5:30 - 8:00 PM | William Austen Youth Center)
11 - Open Studio and Gallery Reception
(5 - 7 PM | Cape Coral Arts Studio | Free)
12 - Cape Bike Night