Rodney Cantrell’s Blog
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Florida Housing Market Predictions 2024-2029 | Brought to you by The Cantrell Team
Home values expected to rise steadily, though at a slower pace than recent years. An increase in inventory levels could lead to a more balanced market, easing buyer competition.
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These 8 Florida Cities Are Becoming More Affordable | Brought to you by The Cantrell Team
Ocala, with a median home price of $290K, offers affordable living and avoids bidding wars. Gainesville's median home price is $260K, significantly lower than Florida's median home price.
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4 ways to get the best home equity loan rate
Potential homebuyers face challenges due to high mortgage rates and low inventory. Homeowners benefit from increased home equity, with an average of $300,000 available. Home equity loan rates are around 8.6%, making them a cost-effective borrowing option. To secure the best rate, shop around, ensure financial stability, consider paying points upfront, explore alternatives like HELOCs,…
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Florida: Local Home Sales Cool as Prices Stabilize | Brought to you by The Cantrell Team
Northeast Florida's Real Estate market has stabilized with increased inventory and modest price changes. Late-Q2 saw a 1.3% rise in the median price of single-family homes to $405K.
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How Do Florida’s New HOA & Condo Laws Impact You? | Brought to you by The Cantrell Team
Condo associations must conduct regular reserve studies, provide annual financial reports, and carry out mandatory structural inspections.Homeowners gain more rights against HOA boards and should attend meetings to stay informed and proactive.
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2 Ways to Get a Great 30-Year Mortgage Rate
The average 30-year mortgage rate has decreased to 6.87%, down from 7.00% the previous week and much lower than the 7.90% peak in October 2023. To find the best mortgage rates, it's crucial to shop around and improve your credit score. A higher credit score can lead to significant interest savings over the life of…
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Florida Grants up to $35K for Homebuyers | Brought to you by The Cantrell Team
The Florida Hometown Heroes Housing Program offers up to $35K for first-time homebuyers. Qualifying requires full-time employment in Florida, a household income 640.
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Happy Labor Day | Brought to you by The Cantrell Team
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals…
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Saving for a Down Payment
Before saving for a home down payment, calculate the amount needed and set a deadline. Automatic deposits can simplify saving, and cutting expenses can increase savings. Down payment assistance programs may offset costs. The down payment influences affordability, interest rate, loan eligibility, and monthly payment. The minimum down payment depends on the loan program, and…
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Mortgage Prepayment Penalty Fees
A mortgage prepayment penalty is a fee for paying off your home loan early, usually within a few years of taking it out. It doesn't apply to USDA, VA, or single-family FHA mortgages. There are soft and hard prepayment penalties, with varying amounts or fixed fees. To avoid them, choose a mortgage without penalties, negotiate…