Blogs
Orlando Metro Homeownership: The Hidden Costs
The avg US homeowner now pays ~$16K/yr in hidden homeownership costs, including maintenance, insurance, and property taxes. These hidden costs are rising faster than household incomes, 4.7% vs. 3.8% over the past year. Orlando homeowners pay ~$16.3K/yr in hidden costs, just above the national avg. Property taxes avg ~$3,500, maintenance ~$9,900/yr, and insurance ~$2,900. Rising […]How to apply for a mortgage: The complete guide
Before making a home offer, securing mortgage financing is crucial. Mortgage prequalification is a basic financial review, while preapproval involves detailed verification and carries more weight with sellers. Preapproval requires extensive documentation, including income, tax returns, and asset statements. It typically lasts 90 days and may take 1-10 days to process. Multiple credit checks within […]
Orlando Homes: Holiday Season Slows Buyer Frenzy
Orlando home sales fell 22% in November, while listings dropped sharply ahead holidays. Median home prices nudged up to $385K despite higher mortgage rates.How to Decide if an Adjustable-Rate Mortgage Is Right for …
An adjustable-rate mortgage (ARM) offers lower initial interest rates and payments compared to fixed-rate loans but carries the risk of fluctuating rates after the initial fixed period. Commonly, a 5/1 ARM fixes rates for five years before annual adjustments. ARMs may require higher credit scores and down payments. They suit buyers planning to sell or […]Ways to Pay Off a Mortgage Faster
Homeowners often take longer than 30 years to pay off their mortgages, with many never fully paying them off. To pay down a mortgage faster, consider strategies like bi-weekly payments, paying slightly more each month, or making lump sum payments when possible. Refinancing to a shorter term can also help save on interest. Additionally, paying […]Top Tips for New Homeowners
Buying a home is a major milestone. Protect your investment by reviewing insurance policies and considering flood coverage. Maintain your home with regular HVAC servicing, roof checks, and appliance care. Budget for taxes, insurance, utilities, HOA fees, and repairs. Enhance safety by changing locks, testing smoke detectors, and updating emergency kits. Keep important documents organized […]
Why Builders Are Focusing on Central Florida
Central Florida led Florida’s regions in residential permits growth. Orlando area pulled ~697–1,455 permits mid‑2025. Central Florida’s 40% far exceeded statewide average growth. Increased permits signal developer confidence and renewed buyer demand. Moderate construction growth expected through late 2025.