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Timing your last mortgage payment before closing

When selling a home, the last mortgage payment timing depends on the closing date and mortgage terms. It's recommended to pay the final amount about 7 days before closing to ensure funds clear. The lender's payoff statement includes principal, interest, fees, and escrow deficits. Cancel autopay early to avoid errors. If overpaid, lenders must refund […]

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Smart and Simple First-Time Home Buyer Tips

First-time homebuyers should prepare financially by setting a budget, understanding mortgage options, monitoring credit scores, and anticipating extra costs like closing fees and insurance. Exploring first-time buyer programs can provide assistance. The process includes getting pre-approved, working with a real estate agent, making an offer with contingencies, scheduling a home inspection, purchasing homeowners insurance, and […]

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Orlando Homebuyers Enjoy More Choices as Sales Slow

Orlando's real estate market saw a 22.1% drop in home sales and a 21.4% decline in new listings in November 2025, leading to a 4.1% decrease in available inventory. Despite this, median home prices rose 1.3% to $385,000 amid rising mortgage rates averaging 6.1%. Single-family homes, condos, and townhouses all experienced sales declines. Distressed sales […]

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What to Expect for Orlando Housing in 2026?

What to Expect for Orlando Housing in 2026?

Orlando housing inventory rising sharply. Buyer demand easing after strong pandemic growth. Supply exceeds recent absorption rates. Prices forecast to dip modestly in 2026. Market transitions toward balance.

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Orlando Metro Homeownership: The Hidden Costs

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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