On July 1, the Hometown Heroes Assistance Program that has helped so many with down payments and closing costs will be available to all first-time homebuyers in Florida with minimal restrictions. However, funds are only expected to last 2-3 months once July hits. Since time is of the essence on this fund (roughly $100 million is […]
Read More…When choosing a mortgage, one of the most critical decisions is the length of the loan term. This decision can affect your monthly payments, the total interest paid, and how quickly you build equity in your home. Here’s a breakdown of the benefits of longer versus shorter mortgage terms. Longer Mortgage Terms (e.g., 30 years): […]
Read More…Periodically, we like to take a look at each of our Choice Mortgage loan product offerings and dive deeper into their features, requirements, and benefits. You can find all of our Loan Products under the Resources tab of our website here. Today we’ll look at Florida’s Hometown Heroes Program. The Hometown Heroes Program was implemented […]
Read More…One of the biggest benefits of buying a home is building home equity. Home equity is the market value of a homeowner’s interest in their real property, or in layman’s words, the difference between a property’s market value and the outstanding balance of all liens on the property. When you buy a home, you increase […]
Read More…The truth of the matter is: you can’t buy the things you need in life without some debt. You can’t buy a house, a car, or any other major investments, without a history of credit – good or bad. It’s important you recognize the debt that can help you and make you a stronger candidate […]
Read More…There are a lot of things we can plan for in life. We can plan trips, plan renovations, plan holidays, but sometimes you don’t have time to plan for unemployment especially when you’re locked into your mortgage. What do you do? What are some steps you can take to prevent defaulting on your family’s home? […]
Read More…Home-buying has always been one of the greatest achievements in our economy. As prices rise & budgets grow tighter, it’s become quite a feat to successfully finance a home. That being said, what are the true pros & cons of buying? Are you better renting? Would your family and future benefit otherwise? Let’s take a […]
Read More…We’ve discussed home-buying, we’ve discussed whether you should be looking into new or old homes, we’ve even discussed when you should be looking for a home. Despite this, we have yet to discuss the road many of you may take – renting. Home-buying isn’t for everyone, renting isn’t either, but it may be what works […]
Read More…I know what I’m about to say may sound funny, considering I manage one of South Florida’s most prominent home-buying corporations, but home-buying is NOT for everyone. In a world with some many varying forms of financial security, literacy, and ability, we don’t exist in the same economy that our home-owning grandparents do. While our […]
Read More…Let’s say you’re looking for a new home. It can be by the beach, closer to your job, or maybe a nice countryside cabin. Regardless, you want that new home – when should you start looking? Right now. Why? Let’s break it down. First things first, if you want to start looking for a home, […]
Read More…Can major spending before your refinancing hurt you in the long run? Absolutely. Major spending, whether that be new investments or sudden shopping sprees, can cause major fluctuation’s in your credit information, your income situation, as well as your dependability as a paying customer. Naturally, all three of those elements can make getting a loan […]
Read More…Last week, I shared the pros & cons of buying new homes, and while that argument has its own downfalls and merits, what about buying home used? A far more common option, but have you stopped to truly consider the benefits & consequences of buying a used home, especially in South Florida – home to […]
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