If you need assistance, please call 305-751-6400

Julie's Realty Blog

Wednesday, October 30, 2019   /   by Suyapa Sauceda

How Is Mortgage Interest Determined?

How Is Mortgage Interest Determined?


Interest Rate Factors

When lenders set your mortgage interest rate, they consider a wide range of factors, including your credit, loan term, home price and down payment, and whether it’s a fixed- or adjustable-rate mortgage. Knowing these factors can help you figure out how to qualify for a better rate.

The Consumer Financial Protection Bureau offers a calculator for average interest rates based on your credit score, state, house price, down payment and other factors.

Credit score. When you apply for a mortgage, the lender considers your credit score. Your credit score is based on your credit history and represents how safe you are as a borrower. FICO, the most commonly used credit score, ranges from 300 to 850. The higher your score, the better the chances you’ll qualify for a low interest rate.

You need a minimum credit score of 620 to qualify for a mortgage under Fannie Mae or a score o ...

Wednesday, October 23, 2019   /   by Suyapa Sauceda

How Do Mortgages Work?

How Do Mortgages Work?

When you take out a mortgage, you borrow money from a lender to buy your home. A mortgage is a secured loan with your home as collateral, so the lender will hold the title to the property until the loan is paid in full. You will make payments on the loan each month, including interest, until it is paid off. At that point, you'll hold the title and own your home outright.

When you choose a mortgage, you have four major decisions to make: the lender, loan type, loan term and interest rate type.


Types of Mortgage Loans

There are two major types of mortgage loans: government-backed and conventional. Government-backed mortgage programs offer guarantees to lenders that reduce their risk and can make it easier for borrowers to qualify for a mortgage. Conventional loans do not offer the same guarantees but may have lower interest rates.

Government-Backed Mortgages

FHA loans. The Federal Housing Administration, part of the U.S. Department of Hou ...

  buying a home, financing, mortgage

Wednesday, July 24, 2019   /   by Suyapa Sauceda

Moving Is Tough on Kids, But These Tips Can Make it Easier On You

When you’re trying to move, there are a ton of reasons why having fewer things in your house will help you along the way. First, you’ll save money since you won’t have to pay to transport items you don’t need. You’ll also make your home look better overall, and that will have a positive impression on buyers and agents alike. But when you have kids, trying to purge your possessions feels like an uphill battle. Keep reading for tips on how to do it and keep your home clean in the process without putting your entire family on lock down. 

Offsite storage is your friend

If it’s seasonal, it can live elsewhere for a while. Keep this in mind as you start looking for ways to clear each room, including the garage and closets. Make sure to have a stockpile of heavy-duty cardboard boxes on-hand (don’t forget to label the boxes), and then fill them with winter coats, holiday decorations, and toys the kids won’t use until the weather chans ...

Wednesday, July 10, 2019   /   by Suyapa Sauceda

New Rendering of 17TH Street Tower after Board Approves Plans

The 29-story 17th Street apartment tower has been approved by Miami's Urban Development Review Board and new renderings of this project have now been released.Zyscovich Architects designers of many projects such as like Brooklyn, New York's DUMBO Heights, projects in Midtown Miami, Miami Beach’s Convention Center Redevelopment District and even the largest commercial airport in Bogota, Colombia. Having designed a full spectrum of projects, from transportation facilities and airports to K-12 schools and universities, mixed-use commercial and public-private partnership developments to multi-family residential high rises and master plans for cities. Zyscovich Architects will now be adding the 17th Street Tower as their new project, designing both the exterior and the interior of the tower.Developer NR Investments, which is led by principals Ron Gottesmann and Nir Shoshani, will build this project. In total, the tower will include 353,000 square feet of both commercial and res ...

  investment, market update, pre-construction

Julie's Realty LLC
1700 79th Street Causeway, Suite 160
North Bay Village, FL 33141
305-751-6400

mls logo© 2024 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.4/19/2024 3:02 AM CST
The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare ©2024 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
This site powered by CINC: www.cincpro.com