Boca Mortgage Blog

Benefits of Buying a Home This Spring

April 20th, 2015 10:14 AM by Leonard Silvestri

Spring is the season of birds chirping, bees buzzing and blooming flowers. So what makes it the perfect season for buying a home? This Spring specifically will offer many home buyers certain advantages in their quest to purchase a home. Check out these three incentives for buying a home this Spring.

Rent is on the rise.

The rental rates across the nation have seen a continuous upward trend. The rental market suffers from low levels of new inventory or units available to renters. This causes a bidding war or higher rates for pre-existing rentals as a result of the high demand. On average the percentage of monthly income renters spend on rental fees is twice as much as the percentage of income homeowners spend in mortgage payments. These stark differences in the cost analysis are causing more renters to strongly consider pursuing home ownership.

Loans have been simplified.

Loans have become much easier for consumers to get than in times past. The current change in lenders creating options to make securing loans easier with more competitive rates and terms signifies a shift in the home buying process. With loan conditions returning to the normal conditions that were set before the recession getting a loan will be a lot easier than over the past twelve months.

Mortgage rates may increase soon.

There has been a steady trend of low mortgage rates across the board for quite some time now. Real estate market experts and mortgage experts predict that the low rates of mortgages will not last much longer and will rise sooner than later. The difference in mortgage rates has a strong impact on the affordability levels of mortgages.

 If you’ve been considering purchasing a home, there’s no better time than now. Call 561-395-4264 to speak with our mortgage specialists about gaining the advantages of buying a home this Spring. Click here to learn more about our services and important mortgage resources.
Posted in:General and tagged: home buying
Posted by Leonard Silvestri on April 20th, 2015 10:14 AM


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