Rodney Cantrell’s Blog
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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…
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How to buy a house with no down payment
Buying a house can be a financial milestone, but the down payment can be a barrier. Government-backed loans like VA and USDA loans require no down payment. Down payment assistance programs from state and local agencies offer grants and loans. Alternative options include seller financing, lease-to-own agreements, and co-borrowing. Strengthening credit, managing finances, and getting…
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Florida by 2030: Rising Home Prices and Income Projections | Brought to you by The Cantrell Team
A recent study predicts a significant increase in Florida's avg home price by 2030, reaching $712K. Projected income for Florida residents in 2030 is estimated at $51K.
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Florida’s Housing Market Outlook: Next 5 Years | Brought to you by The Cantrell Team
Experts predict sustained population growth in Florida due to its climate, tax benefits, and retirement appeal. Strong demand coupled with limited housing supply will likely drive up home prices in Florida, especially in metropolitan areas.
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50 Florida Cities Where Homeowners Have the Worst Financial Stress
A study by GOBankingRates identified 50 Florida cities where homeowners face significant financial stress, despite some being in hot housing markets. Key metrics included population demographics, household income, unemployment, and cost of living. Miami Gardens ranked highest for financial stress, with average monthly expenditures of $2,302. Other cities in the top 10 included North Miami…
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When to Sell Your Commercial Property? | Brought to you by The Cantrell Team
Selling commercial Real Estate depends on financial strategy and market conditions. Plan for a six-month sales cycle, including preparation, marketing, and closing.
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How to Buy a Foreclosed Home
Foreclosed properties are sold at a discount but come with risks like repairs and title issues. Buyers can find them online or in newspapers. Getting a mortgage pre-approval is crucial. Renovation loans can help with repairs. Research the property's history for liens and title issues. Home inspections are vital as foreclosed homes are sold "as…
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Florida Law Mandates New Home Warranty | Brought to you by The Cantrell Team
Florida's new law requires a 1-yr warranty for all newly constructed homes starting Early-Q3 2025. The statute mandates that builders provide this warranty unless they already offer equivalent or better terms.