Mortgage amounts are rising more quickly than Daytona Beach home prices, an unusual phenomenon that seems to confirm continued weakness at the lower end of the housing market, according to the Mortgage Bankers Association. When Mortgages Began to Exceed Daytona Beach Home Prices The average size of mortgage loans began to outpace the recovery in […]

Many Daytona Beach properties were still underwater at the end of 2014. According to CoreLogic, about 5.4 million homes, or 11 percent of all U.S. residential properties with a mortgage, were still in "negative equity" at the end of the fourth quarter of 2014, meaning that a borrower owes more on a Daytona Beach home […]

One of the questions we're asked quite often of people buying a Daytona Beach home is, "How much salary do I need to make in order to qualify for a mortgage?" On a national scale, a buyer who puts 20 percent down would need to earn a salary of $48,604 to afford the median-priced home […]

Buying Daytona Beach real estate used to require 20 percent down in most cases to get the best deal and avoid Private Mortgage Insurance. In recent months, the Obama administration has taken several steps to expand the credit box and make it easier for borrowers, especially first-time homebuyers, to buy Daytona Beach real estate. To […]

A study to make Daytona Beach homebuyers realize they could qualify for a free down payment without hitting the jackpot and winning the lottery found that 87 percent of all U.S. homes qualify for down payment help. Daytona Beach Homebuyers Need to Investigate Options Many Daytona Beach homebuyers, especially Millennials, have not fully investigated their […]

Since the mortgage crisis when loans became almost impossible to obtain, Daytona Beach mortgage lenders have begun to loosen standards again. This begs to ask the question, will lenders ever learn their lesson from loose lending practices? Recently, the Federal Housing Administration (FHA) announced changes they hope will encourage banks to give more home loans […]

We're betting you thought lower Daytona Beach gas prices could only mean positive things for the economy, right? If you're in the market for a home mortgage, Daytona Beach gas prices could be having an effect on the rate you can get. How Daytona Beach Gas Prices Affect Mortgage Rates Believe it or not, oil […]

Saving up to buy a Daytona Beach home might not be as much of a challenge as it used to be, now that the Federal Housing Finance Agency (FHFA) will allow some first-time homebuyers to make down payments of as little as 3 percent on Daytona Beach mortgages. Why Down Payments on Daytona Beach Mortgages […]