Recent Articles
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.
Tax Deductibility of Home Equity Loans in 2024
Let'a talk about maximizing your tax benefits with home equity loan deductions.
Who is the Best to Get a Home Loan From?
When it comes to securing a home loan, finding the right lender can make a world of difference. At EZ Funding Group, Inc., we pride ourselves on being a top choice for homebuyers. Our competitive rates, personalized service, and commitment to educating and empowering our clients set us apart. We provide wealth-building tools like market updates and real estate wealth reports, ensuring our clients are always in the right loan at the right time. After closing, we offer annual financial reviews to maximize your real estate investments and help you achieve your retirement goals. Choose EZ Funding Group, Inc. for a seamless, supportive home loan experience from start to finish.
Is Your Dream Neighborhood in a Buyer's Market? Here's How to Find Out
If you're curious whether your desired neighborhood currently offers favorable conditions for buyers, here are practical ways to determine it.
How Does the Florida Hometown Heroes Program Work? Unlock Affordable Homeownership with the Relaunch on July 1, 2024!
Discover how the Florida Hometown Heroes Program works and how it can help you achieve affordable homeownership. Relaunching on July 1, 2024, this program offers lower-than-market interest rates, down payment assistance, and other benefits for eligible community workers. Learn more and get ready to apply with EZ Funding Group, Inc.
Understanding Your FICO Score: Key to Better Home Loan Rates
A FICO score is a three-digit number representing your creditworthiness, determined by factors like payment history and amounts owed, and it significantly influences your ability to qualify for and secure favorable terms on home loans.
The Biggest Mistakes Potential Homebuyers are Making Right Now
Are you making it harder on yourself to buy real estate? Read this article to uncover the worst mistakes homebuyers are making.
Avoid These 5 Expensive Kitchen Mistakes When Buying Your First Home
Here are 5 crucial kitchen inspections every first-time homebuyer should do.
Understanding Hazard Insurance: What Homeowners Need to Know
Hazard insurance covers specific physical damages to homes, usually isn't tax-deductible for primary residences, but may be for business or rental properties.
Tips for Buying a Home at a Lower Cost
Here are tips for buying a home at a lower cost in any market!
Is it Worth Using a Mortgage Broker in Miramar, Florida? Exploring the Benefits for Homebuyers
In the bustling real estate market of Miramar, Florida, finding the perfect mortgage is key to securing your dream home. But with so many options available, navigating the mortgage landscape can be daunting. That's where a mortgage broker comes in. In this blog post, we'll explore the invaluable benefits of using a mortgage broker in Miramar, helping you understand why this decision could make all the difference in your homebuying journey.
9 Home Buying Myths Debunked – Don’t Fall for These Common Traps!
Learn the shocking truth about these common home buying myths.
Understanding the Differences Between Mortgage Insurance and Homeowners Insurance
Do you need both mortgage and homeowner's insurance? Here's what you need to know.
5 Ways You Might Actually be Sabotaging Your Homebuying Efforts
Don't make these mistakes when looking to buy a home --it could ruin your chances!
Where is the Best Place to Get a Reverse Mortgage in Florida?
Discover why EZ Funding Group, Inc. is the premier choice for securing a reverse mortgage in Florida. With our deep local market knowledge, personalized financial solutions, and commitment to transparency and education, we ensure that Florida homeowners receive the best advice and service. Choose a partner who understands your needs and is dedicated to securing your financial future in retirement. Contact EZ Funding Group, Inc. today for expert guidance on reverse mortgages.