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February 2017 Archives

South Florida residents pay quite a bit for mortgage payments

When potential homebuyers are getting ready to submit an application for a mortgage, most experts note that these individuals should devote no more than a certain percentage of their income to mortgage payments. For instance, for years, the rule was 20 percent: no more than 20 percent of a homeowner's monthly income should be devoted to the monthly mortgage payment. So, are South Florida residents following this rule?

What does it take to buy a home in South Florida?

Many people in South Florida face a very important decision: Is it time to buy a home? For first-time homebuyers, this can be an exciting decision, while for others it may be a necessity. Our readers who are familiar with previous posts here know that the residential real estate market in South Florida has been strong for a few years now, but it is finally showing some signs of cooling down. So, for those who are sensing that now might be the right time, what does it take to buy a home in South Florida?

Getting the right help with a mortgage in South Florida

The excitement that comes with searching for a new home in South Florida is sometimes overwhelming, as potential buyers scan the internet and other sources looking for the perfect new residence. After all, buying a home is one of the biggest commitments that a person will make in life, both personally and financially. Our readers who are in the process of making this decision will want to get it right. That is why it is so important to think about the financial aspects of this type of real estate transaction. And, for most people, that means it is time to think about what to look for in a mortgage lender.

The right help for many different real estate legal issues

Anyone who enters into a real estate transaction, whether it is residential or commercial, does so with the hope that all will go well and the deal will be completed smoothly. However, any of our readers who are familiar with previous posts here know that there is a whole range of potential issues that could pop up and derail a real estate transaction. The key to getting through these types of situations when they do arise is to stay focused and tackle the problem with the right information on hand.