Vero Beach Real Estate
As Vero Beach mortgage borrowers continue to see home prices rise they have increasingly more equity to utilize. Industry experts say that nationwide home equity has risen by nearly $825 billion. That represents a 250% increase over home equity levels of just four years ago. However, tapping into that equity by using a home equity line of credit, or HELOC, is […]
Mortgage closing costs have risen 6% over the past year, according to a recent Bankrate.com report — averaging $2,539 on a $200,000 loan. But mortgage closing costs aren't set in stone. Especially in today's market, you can definitely negotiate your origination and lender fees. It's like any other service. They have the power to give you a discount, if they […]
Vero Beach home buyers need to be sure they'll qualify for a mortgage before they sign on the dotted line to buy that home of their dreams. Qualifying for a mortgage alone is not enough these days. Vero Beach home buyers also need to know they are getting the best possible rate they can, as well as shop around for […]
Vero Beach home buyers have been flocking to the market in droves this past year, trying to take advantage of affordable prices and record-low mortgage interest rates while they still can. When it comes to applying for a mortgage — the most important aspect of the home-buying process — recent surveys found that about one in three buyers have no […]
Nearly half of all potential Vero Beach homebuyers can afford the median-priced home in the area, but that’s not much help if they can’t get a mortgage. Six years after the subprime mortgage meltdown, banks remain tight-fisted, even with solid borrowers — a fact they attribute to shifts in government regulation and demands that they buy back bad loans. Mortgage credit […]
