Recent Articles
The Housing Market Shift You Didn't See Coming—Is Your Dream Home Finally Within Reach?
Are we moving towards a more balanced market? Here's what we're seeing --and it could be the perfect time to buy!
2025 Real Estate Forecast: The Surprising Truth About Buying Now!
Should you wait until 2025 to buy a home? Here's what experts are forecasting and these facts may surprise you!
Locking In Your Mortgage Rate: Why and When to Lock it
Can you benefit from locking in your mortgage rate? Here's what you need to know to make the best decision for your situation.
Understanding Inflation: What It Means for Homebuyers and Those Considering Refinancing
Inflation has been top of mind when it comes to housing affordability. Here's what you need to know about the latest data reports.
Busting the Biggest Myths About Buying a Home in 2024
We're separating fact from fiction regarding the current housing market.
How Much Do I Need to Make to Afford a $400,000 Mortgage?
When considering a $400,000 mortgage, understanding the income requirements is crucial. As a trusted Florida mortgage broker, we often get asked this question by potential homebuyers. Assuming a 30-year fixed-rate mortgage at an interest rate of 6.99%, your monthly payment (principal and interest) would be approximately $2,659. Adding property taxes, homeowner's insurance, and association fees, the total monthly payment would be around $3,616. To keep your debt-to-income (DTI) ratio within the acceptable range of 44.9% to 56.9%, your annual income should range from approximately $76,260 to $96,648. Various factors like down payment, credit score, and existing debts will influence the exact income needed. For a personalized assessment and more detailed advice, contact EZ Funding Group, Inc. today. We're here to help you navigate your home-buying journey with ease and confidence.
Is a Second Mortgage Right for You? The Benefits and Pitfalls Explained
A second mortgage is a loan secured by your home that allows you to tap into its equity, offering potential benefits like access to cash and lower interest rates, but also comes with risks such as increased debt and potential foreclosure.
New vs. Existing: Why a Newly Built Home Could Be the Better Deal
Learn why newly built homes might be your most budget-friendly option.
Navigating Refinance Appraisals with Confidence
By understanding and preparing for the refinance appraisal process, you can better navigate your mortgage refinancing and potentially secure more favorable loan terms.