Why is Summer Expected to be Great for Home Buyers Coming out of the pandemic and economic fluctuations in 2022, we’re beginning to see the market move in favor of buyers. In the past few weeks alone mortgage rates have started to lower and predictions for the housing market are all pointing toward a “buyer’s market”. Many experts expect interest rates to go drop by summer to as low as 5%, which is over 2% lower than current averages. While home prices have been through the roof in the past year, by summer they will likely stabilize, with Forbes predicting a national housing price drop of 5 ..read more

If you have talked to anyone who tried to purchase a home in 2021 or 2022, you will most likely hear complaints about the lack of housing inventory, competitive bidding wars, and sky-high home prices and mortgage rates, to name just a few issues. Fortunately, as we head into the new year, there are some promising signs that the homebuying tides will turn.  At The Mortgage Firm North Central Florida, we have served Gainesville and Ocala’s mortgage needs since 2017. Read on for our take on what the housing market will look like come January 1, 2023.  2023 Positive Predictions for Home ..read more

Let’s start with the basics: what is a loan? A loan is a sum of money that an individual borrows from a financial institution such as a bank or mortgage firm. Over time, the borrower pays back this sum along with a specified amount of interest. The total amount of money that can be borrowed along with the interest rate and payback period are determined in different ways for different mortgage options. While being able to afford a new home seems out of reach, with a loan, it’s possible! Benefits of a loan can include fast approval and funding, extended payment terms, and predictable monthly pay ..read more

You’re in the market to buy a new home in North Central Florida and you’ve found the perfect place – your dream home – now all you need to do is review your financing options and get pre-approved for a mortgage.  For many people, this is the stage that poses the most uncertainty. No longer are things as easy as putting on your best suit and heading down to the local bank. Nowadays, there are a host of options to choose from, each offering a variety of advantages and disadvantages.  Of those home financing options, the most common among are:  Direct Lenders Mortgage Brokers Bank ..read more

As housing costs rise around the United States, more people are moving to North Central Florida than ever before. We’ve explored the wonderful things the city of Ocala has to offer, and now we’re bragging about North Central Florida as a whole! So, why is North Central Florida the place to be? The Perks of Moving to North Florida North Florida is a vast region with many different cities, towns, and counties to choose from. There are a wide variety of benefits of the region that transcend specific locations and are shared by all residents in Northern Florida. No State Tax If you are moving to F ..read more

When you set out to purchase your first home, there are a lot of unknown yet important related factors. Securing the right type of home loan for you, your growing family, or your extended family means finding the right home lender to work. A lender who will work to find you a loan option that works for your current financial situation and helps you down the road if your financial situation changes.  Read on to learn about the different loan options available through The Mortgage Firm North Central Florida to learn which loan may work best to achieve your unique home-buying goals. Types of ..read more

Interest rates are rapidly increasing, and if you are currently in the market for a new home, this can be intimidating, and may even cause you to wait until the “rates go down.” While everyone’s situation is different, many people will not have the option to wait. If you find the perfect home for you and your family, you shouldn’t miss out on the opportunity to purchase. This is we encourage you to ’ marry the house, date the rate.’ Marry the House There are many reasons why people buy homes. Whether you have a growing family, are looking to build equity, or are just tired of throwing money aw ..read more

If you’re a first-time home buyer, you may wonder what it looks like to purchase a home. What’s the first step in the process? How do you check your credit score? You likely have many questions, and at The Mortgage Firm Gainesville, we have the answers to guide you through step-by-step in the most painless, informative way possible — we’ve helped countless home buyers like you navigate the home purchasing process. Read on to learn more about what you can expect when buying a home.  The Home Buying Process Simplified  Step 1: Check Your Credit Score. Your credit score is just one part ..read more

We’re halfway through the year, and 2022 has already been an eventful one in the mortgage and real estate worlds. Specifically, during the spring home buying season, we saw rising mortgage rates and home values, making it more difficult for many potential home buyers to purchase a home. So, it’s no longer a question of if or when mortgage rates will increase but how much they will rise and how long this will last. At The Mortgage Firm North Central Florida, we’re here to guide you through finding the perfect mortgage solution for you and your family no matter what the economy brings. Our goal ..read more