Builder Incentives Reach 5-Year High

Written by Boynton Beach Mortgage Syndicated User on September 5, 2025. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, For Buyers, Move-Up, New Construction.

Even with more homes on the market right now, some buyers are still having a tough time finding the right one at the right price. Maybe the layout feels off. Maybe it still needs some updating. Or maybe it’s just more of the same.That’s why more buyers are turning to new construction – and finding some of the best deals available today.Why? Today, many builders have more homes that are finished and sitting on the market than normal. And that means they’re motivated to sell. They’re running a business, and they don’t want to sit on their inventory. They want to sell it before they build more...

From Frenzy to Breathing Room: Buyers Finally Have Time Again

Written by Boynton Beach Mortgage Syndicated User on August 22, 2025. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, First-Time Buyers, For Buyers.

If you tried to buy a home a few years ago, you probably still remember the frenzy. Homes were listed one day and gone the next. Sometimes it only took hours. You had to drop everything to go and see the house, and if you hesitated even slightly, someone else swooped in and bought it – sometimes even sight unseen.That kind of intensity pushed a lot of buyers to the sidelines. It was stressful, chaotic, and for many, really discouraging.But here’s what you need to know: those days are behind us.Today’s market is moving slower, in the best possible way. And that’s creating more opportunity...

Condos Could Be a Win for Today’s Buyers

Written by Boynton Beach Mortgage Syndicated User on August 21, 2025. Posted in Affordability, Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, Downsize, First-Time Buyers, For Buyers, Home Prices, Inventory.

Not every homebuyer wants the biggest house on the block. Some want something simpler, more affordable, and easier to maintain, especially in a market where every dollar counts. That’s where condos come in.For first-time buyers, they can be a smart way to get into homeownership without stretching your budget. For downsizers, they offer less space to maintain with the flexibility to stay in a great location.And right now, condos are one of the most buyer-friendly parts of the market.Condo Inventory Is Up, And That Means More ChoiceAccording to the National Association of Realtors (NAR),...

3 Advantages of Buying a Newly Built Home Today

Written by Boynton Beach Mortgage Syndicated User on August 6, 2025. Posted in Affordability, Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, For Buyers, Infographics, Mortgage Rates, New Construction.

Some HighlightsPrices, rates, and finding the right home are three of the biggest challenges for buyers today. You may find better luck with all 3 if you look at newly built homes.There are more available. Builders are more flexible on prices right now. And people who buy new homes tend to get lower rates in this market thanks to the incentives builders can offer.Connect with an agent if you want to see the new builds available in and around your area.

The Truth About Down Payments (It’s Not What You Think)

Written by Boynton Beach Mortgage Syndicated User on August 5, 2025. Posted in Affordability, Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, First-Time Buyers, For Buyers, Rent vs. Buy.

Buying a home is exciting… until you start thinking about the down payment. That’s when the worry can set in.“I’ll never save enough.”“I need a small fortune just to get started.”“I guess I’ll just rent forever.”Sound familiar? You’re not alone. And you’re definitely not out of luck.Here’s the thing: a lot of what you’ve heard about down payments just isn’t true. And once you know the facts, you might realize you’re a lot closer to owning a home than you think.Let’s break it all down and bust some big down payment myths while we’re at it.Myth 1: “I need to come up with a big down...

What Credit Score Do You Really Need To Buy a Home?

Written by Boynton Beach Mortgage Syndicated User on July 31, 2025. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, First-Time Buyers, For Buyers.

According to Fannie Mae, 90% of buyers don’t actually know what credit score lenders are looking for, or they overestimate the minimum needed.Let that sink in. That means most homebuyers think they need better credit than they actually do – and maybe you’re one of them. And that could make you think buying a home is out of reach for you right now, even if that’s not necessarily true. So, let’s look at what the data really says about credit scores and homebuying.There’s No One Magic NumberThere’s no universal credit score you absolutely have to have when buying a home. And that means there’s...

Why a Newly Built Home Might Be the Move Right Now

Written by Boynton Beach Mortgage Syndicated User on July 18, 2025. Posted in Affordability, Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, First-Time Buyers, For Buyers, Home Prices, Inventory, Mortgage Rates, Move-Up, New Construction, Rent vs. Buy.

Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why.There are more brand-new homes available right now than there were even just a few months ago. According to the most recent data from the Census and the National Association of Realtors (NAR), roughly 1 in 5 homes for sale right now is new construction. So, if you’re not looking at newly built homes, you’re missing out on a big portion of what’s...

Multi-Generational Homebuying Hit a Record High – Here’s Why

Written by Boynton Beach Mortgage Syndicated User on July 1, 2025. Posted in Affordability, Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, First-Time Buyers, For Buyers.

Multi-generational living is on the rise. According to the National Association of Realtors (NAR), 17% of homebuyers purchase a home to share with parents, adult children, or extended family. That’s the highest share ever recorded by NAR (see graph below):And what’s behind the increase? Affordability. NAR explains:“In 2024, a notable 36% of homebuyers cited “cost savings” as the primary reason for purchasing a multigenerational home—a significant increase from just 15% in 2015.”In the past, caregiving was the leading motivator – especially for those looking to support aging parents. And...

3 Reasons To Buy a Home This Summer

Written by Boynton Beach Mortgage Syndicated User on June 24, 2025. Posted in Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, For Buyers, Home Prices, Inventory.

Are you thinking about buying a home, but not sure if now’s the right time? A lot of people are waiting and wondering what the market’s going to do next. But here’s something only the savviest buyers realize:This summer might actually be the best time to buy in years. Here are three big reasons why.1. You Have More Negotiating Power After several years of sellers having all the leverage, things are starting to shift. Check out the graph below. It uses data from Redfin to show that right now, there are more sellers active in the market than buyers:Take a look at what happened back in 2021...

Buying Your First Home? FHA Loans Can Help

Written by Boynton Beach Mortgage Syndicated User on June 10, 2025. Posted in Affordability, Boynton Beach Condo Financing, Boynton Beach Mortgage, Buying Tips, First-Time Buyers, For Buyers, Mortgage Rates.

If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look. And one thing that can make homeownership easier to achieve? An FHA home loan.They’re designed to help you overcome some of the biggest financial hurdles in the homebuying process – and that’s why so many first-timers are using them to make their purchase.Whether you’re dreaming of ditching rent, planting roots, or just wanting a place that’s truly yours, an FHA home loan could be the path that...

Category: Buying Tips