Lending Standards Are Not Like They Were Leading Up to the Crash

Written by Miami Beach Mortgage Syndicated User on June 29, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach.

You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. Every month, the Mortgage Bankers Association (MBA) releases the Mortgage Credit Availability Index (MCAI). According to their website:“The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.”Basically,...

The Light Group Honored By RealTrends + Tom Ferry On 2023 List Of America’s Best Real Estate Professionals

Written by Miami Beach Mortgage Syndicated User on June 28, 2023. Posted in Buying & Selling Real Estate, Miami Beach Mortgage, Mortgage Miami Beach, Our Team, REALTrends + Tom Ferry, The Light Group.

Each year, RealTrends + Tom Ferry ranks the top real estate professionals from across America in their Best Real Estate Professionals list. This year, I am very proud to announce that The Light Group has been recognized…

Why Homeownership Wins in the Long Run

Written by Miami Beach Mortgage Syndicated User on June 28, 2023. Posted in First Time Home Buyers, For Buyers, Miami Beach Mortgage, Mortgage Miami Beach, Pricing, Rent vs. Buy.

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision.Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows your own...

Miami For Kids: Brightline Train Excursions

Written by Miami Beach Mortgage Syndicated User on June 27, 2023. Posted in Around Town, Brightline, Miami Beach Mortgage, Miami for Kids, Mortgage Miami Beach, Neighborhoods.

What kid doesn’t love a train ride? But South Florida adds a little panache with The Brightline, going from Miami to Orlando in comfort and style. There are also a few stops along the way where you can make so many day trips out of a train ride that never gets old…

The True Cost of Selling Your House on Your Own

Written by Miami Beach Mortgage Syndicated User on June 27, 2023. Posted in For Sellers, FSBOs, Miami Beach Mortgage, Mortgage Miami Beach, Selling Myths.

Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as a FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re currently considering selling your house on your own, here’s what you should know.The most recent Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) surveyed homeowners who’d recently sold their own homes and asked what difficulties they faced. Those sellers say some of the greatest challenges were prepping their home for sale, pricing...

EDITION Miami Residences Hosts Exclusive Broker Preview Leading Up To Groundbreaking

Written by Miami Beach Mortgage Syndicated User on June 26, 2023. Posted in EDITION Miami Residences Edgewater, Luxury Condos, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Waterfront Edgewater Condos.

Leading up to their expected groundbreaking this summer, EDITION Miami Residences in Edgewater invited a handful of select brokers to a private dinner preview. The dinner was hosted at Klaw Miami…

Regatta Grove Opening Happens Today In Regatta Harbour!

Written by Miami Beach Mortgage Syndicated User on June 24, 2023. Posted in Around Town, Coconut Grove, Coconut Grove Restaurants, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, Things to do.

What a fun and talented lineup in an amazing location! If you go, you will want to RSVP, especially this weekend. But with an RSVP you get a free cocktail all weekend and some of us like to be the first to try. See you there…

Homeownership Helps Protect You from Inflation [INFOGRAPHIC]

Written by Miami Beach Mortgage Syndicated User on June 24, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Miami Beach Mortgage, Mortgage Miami Beach, Rent vs. Buy.

Some HighlightsWondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady.Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties within the next 12 months.Especially when inflation is up, having a stable housing payment can be helpful. Connect with a local real estate agent so you can learn more and start your journey to owning a home today.

Miami For Kids: Outdoor Activities & Parks

Written by Miami Beach Mortgage Syndicated User on June 23, 2023. Posted in Around Town, Miami Beach Mortgage, Miami for Kids, Mortgage Miami Beach, Neighborhoods, Things to do.

Fun outdoor activities to do with kids in Miami. Parks, wildlife, classes, events. Here is how we love to beat the heat with our family…

What Homebuyers Need To Know About Credit Scores

Written by Miami Beach Mortgage Syndicated User on June 23, 2023. Posted in First Time Home Buyers, For Buyers, Miami Beach Mortgage, Mortgage Miami Beach, Move-Up Buyers.

If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a factor that helps determine your mortgage rate. An article from Bankrate explains: “Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms...

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