If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 3.5%, it’s important to understand the many perks that come with a 20% down payment.

Here are four reasons why putting 20% down may be a great option if it works within your budget.

1. Your Interest Rate May Be Lower

A 20% down payment vs. a 3-5% down payment shows your lender you’re more financially stable and not a large credit risk. The more confident your lender is in your credit score and your ability to pay your loan, the lower the mortgage interest rate they’ll…

230 Views, 0 Comments

Once you’ve found your dream home and applied for a mortgage, there are some key things to keep in mind before you close. It’s exciting to start thinking about moving in and decorating your new place, but before you make any large purchases, move your money around, or make any major life changes, be sure to consult your lender – someone who’s qualified to explain how your financial decisions may impact your home loan.

Here’s a list of things you shouldn’t do after applying for a mortgage. They’re all important to know – or simply just good reminders – for the process.

1. Don’t Deposit Cash into Your Bank Accounts Before Speaking with Your Bank or Lender.

Lenders need to source your money, and cash isn’t easily traceable. Before you deposit…

250 Views, 0 Comments

A newly developed gated community, Watercrest, Parkland offers exceptional living in south Florida. Located in Broward County, Watercrest boasts the utmost in luxury and amenities. If you're looking to call Parkland home, here's why you should live in Watercrest.

Amazing Real Estate Opportunities

Watercrest offers a wide variety of real estate opportunities. The luxury, gated neighborhood offers an exclusive collection of quality-crafted single-family homes which range in style and size. There are a total of 598 homesites located in Watercrest which span a total of 150 acres.

Homes for sale in Watercrest, Parkland offer between three and six bedrooms and range from approximately 2,220 to 5,691 square feet of interior space. Draped in…

483 Views, 0 Comments

Boca Bridges is a newer upscale community located in the beautiful city of Boca Raton, Florida. Offering residents a handful of high-end amenities, exceptional real estate opportunities and an ideal address in one of South Florida's most prestigious cities, it’s hard to beat what Boca Bridges has to offer.

If you're considering a move to Boca Raton, or are simply curious about what makes Boca Bridges so special, here are five reasons why you should consider living in this wonderful community:

1. The Location

Boca Raton is known for its luxurious lifestyle and pristine beaches, and Boca Bridges is ideally located within this desirable city. With easy access to all that Boca Raton has to offer, including great schools, shopping, dining and…

763 Views, 0 Comments

Hey, it's Andy with the Mandel Team at RE/MAX and I'm here to bring you your December 2021 Housing Market Update. As always, for the purposes of these videos, we're gonna be talking about single family homes only, no condos, no townhouses, and all age communities, no country clubs. We're gonna be talking about Boca, Parkland and Coral Springs because that's where we do the predominant amount of our business. No country clubs, no 55 and overs. When we give you these stats, we're gonna give you the leading indicators to show you where the real estate market is headed in the next couple months, not where it's been. So we're not gonna talk about closed sales price because that's really indicative of what happened in the market 30, 60, sometimes even 90…

309 Views, 0 Comments