Vero Beach Real Estate
Mortgage amounts are rising more quickly than Vero Beach home prices, an unusual phenomenon that seems to confirm continued weakness at the lower end of the housing market, according to the Mortgage Bankers Association. When Mortgages Began to Exceed Vero Beach Home Prices The average size of mortgage loans began to outpace the recovery in Vero Beach home prices in […]
Many Vero Beach properties were still underwater at the end of 2014. According to CoreLogic, about 5.4 million homes, or 11 percent of all U.S. residential properties with a mortgage, were still in "negative equity" at the end of the fourth quarter of 2014, meaning that a borrower owes more on a Vero Beach home than it is worth. These […]
One of the questions we're asked quite often of people buying a Vero Beach home is, "How much salary do I need to make in order to qualify for a mortgage?" On a national scale, a buyer who puts 20 percent down would need to earn a salary of $48,604 to afford the median-priced home in America. But that total […]
Buying Vero Beach real estate used to require 20 percent down in most cases to get the best deal and avoid Private Mortgage Insurance. In recent months, the Obama administration has taken several steps to expand the credit box and make it easier for borrowers, especially first-time homebuyers, to buy Vero Beach real estate. To that end, in October, Fannie […]
A study to make Vero Beach homebuyers realize they could qualify for a free down payment without hitting the jackpot and winning the lottery found that 87 percent of all U.S. homes qualify for down payment help. Vero Beach Homebuyers Need to Investigate Options Many Vero Beach homebuyers, especially Millennials, have not fully investigated their home financing options because they […]
