Is Your Miami Dream Home More Affordable than You Think?

There are many great Miami homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (305) 764-1701 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today, we want to discuss a very important topic with you: the FHA mortgage premium reduction. This recent change could widen the scope of the Miami market. 

In a move to bring more first-time home buyers to the market, President Obama just issued a decrease in the mortgage insurance premiums from 1.35% to 0.85%! For the typical borrower, this means an $80 decrease in monthly mortgage payments. On the other hand, it also means buyers can afford to buy a larger house. 

The decrease in FHA mortgage premiums is a clear sign that the industry is trying to attract more borrowers. This means there is a bit of risk because there is less mortgage insurance applied toward the mortgage of the house. However, this change could not have come at a better time, as February is when first-time home buyer season starts. This is great news because first-time home buyers make up a large majority of people who take out FHA loans. 

Recently, Fannie Mae and Freddie Mac have come forward to offer a 3% down payment program. This was clearly a move to get a larger market share in the mortgage industry. However, the lower mortgage premium puts FHA in a position to hold on to a larger market share as far as first-time buyers are concerned. 

Despite the fact that interest rates are near record lows, mortgage volume has decreased. Because of this, President Obama's move to lower premiums was an attempt to give the mortgage industry a boost. We're hoping that it works!

If you have any questions about our changing market, or would like real estate assistance of any kind, don't hesitate to give me a call or shoot me an email. I would love to hear from you!

Is Your Home Inspection Going to Cost You Thousands?

Looking to Buy a Miami home?  Click here to perform a full home search, 
Want to sell your Miami home? Get a FREE Home Price Evaluation 

Selling your home can be a stressful experience, but going in with the right information and the right mindset can make a huge difference. To make the process a bit easier for you, we want to share what we know about home inspections, a process that can cause a lot of problems if you don't know what you're doing. 

According to experts, there is a list of 33 physical problems that need to be addressed if they are found during a home inspection.Today, we've put together a list of the 11 things commonly found during home inspections that could cost you money in repairs.

Knowing what you're looking for can help you prevent little problems from growing into costly, unmanageable problems. 

To help home sellers deal with this issue before their homes are listed, a free report entitled "11 Things You Need to Know to Pass Your Home Inspection" has been compiled which explains the issues involved.

To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-800-466-9098 and enter 1703. You can call any time, 24 hours a day, 7 days a week.


Get your free special report NOW to learn how to ensure a home inspection doesn't cost you the sale of your home.

Don't hesitate to reach out to us to get the details you need about home inspections. We want to help you make your home sale a successful experience, and we look forward to hearing from you soon!