mortgage monday: Mortgage Monday: What's a temporary buydown, and how does it help? - 04/07/24 04:24 PM
Did you know a temporary buydown could reduce your client's mortgage interest rate? A temporary buydown is a lump sum paid by the builder or seller to reduce the mortgage interest rate for the first 1, 2 or 3 years. Since the buydown lowers the interest rate, it will effectively reduce the overall monthly mortgage payment for the first few years of their mortgage.
However, when the buydown period ends, the rate returns to the initial fixed rate. I can walk you through this and other strategies to make homeownership more affordable for your clients. Contact me to learn more.
Unlocking Homeownership: Understanding … (2 comments)

mortgage monday: Mortgage Monday: Rates Rise And Sink Here Is A Great Reason To Buy - 03/23/24 08:56 PM
In Pensacola, Florida, the average long-term U.S. mortgage rate has risen for the fourth consecutive week, presenting another setback for prospective homebuyers just as the spring homebuying season kicks off.
According to mortgage buyer Freddie Mac, the average rate on a 30-year mortgage increased to 6.94% from 6.90% last week. A year ago, the rate averaged 6.65%. Currently, the average rate sits just below its peak since mid-December, when it reached 6.95%.
As mortgage rates climb, they can significantly raise monthly costs for borrowers, limiting their purchasing power in a market that's already beyond the reach of many Americans. Moreover, they discourage homeowners … (2 comments)

mortgage monday: Mortgage Monday: Let Us Help You Starting With Securing The Mortgage - 03/19/24 07:23 PM
When purchasing a home in Pensacola, Charles Stallions is your go-to realtor for expert guidance. A home represents the single largest purchase for most individuals, and in recent years, the cost of homes has significantly increased.
For many, purchasing a home involves obtaining a mortgage, as few buyers can afford to pay in cash outright. Mortgages, secured by the property, facilitate home ownership, with the title transferring to homeowners upon full repayment.
Mortgage 101: Thinking of financing, refinancing, or just needing to understand how the process works? It all starts here. We research whether it's a VA, FHA, conventional, or non-traditional loan for … (1 comments)

mortgage monday: Mortgage Monday: Understanding Prequalification vs. Preapproval - 02/20/24 06:35 PM
Charles Stallions recognizes preapproval as a pivotal milestone in the home buying journey, empowering buyers with a competitive edge in negotiations and expedited closing processes.
Navigating Home Buying: Understanding Prequalification vs. Preapproval with Charles Stallions

In the exhilarating journey of purchasing a home, understanding the nuances of prequalification and preapproval can significantly streamline the process. As you embark on this adventure, having Charles Stallions as your trusted realtor ensures a smooth and informed experience every step of the way.
Prequalification and preapproval are pivotal milestones in the home-buying process, each offering distinct advantages and insights to prospective buyers.
Prequalification:
Prequalification … (3 comments)

mortgage monday: Mortgage Monday: Down Payment Sources For The First Time Buyer - 02/17/24 06:35 PM
Purchasing your first home is an exciting milestone, but it often comes with a significant financial hurdle: the down payment. For many first-time buyers, scraping together enough money for a down payment can feel daunting. However, various sources of assistance are available to help ease the burden and make homeownership more accessible. Here are some avenues first-time home buyers can explore to secure their down payment:
 
1. Government Programs: FHA Loans: The Federal Housing Administration (FHA) offers loans with lower down payment requirements, typically around 3.5% of the purchase price. These loans are popular among first-time buyers because they have more flexible … (2 comments)

mortgage monday: THE C-NOTE: Mortgage Monday: Market Minutes and Other Updates - 02/04/24 06:11 PM
Average Long-Term Mortgage Rate Eases to 6.63%  Freddie Mac’s chief economist said rates will continue decreasing as inflation decelerates. Mortgage rates are at one of the lowest levels in a year. 

Pensacola — The average long-term U.S. mortgage rate eased this week, welcome news for prospective homebuyers as the spring homebuying season approaches.
The average rate on a 30-year mortgage fell to 6.63% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.09%.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week, pulling the average … (0 comments)

mortgage monday: Mortgage Monday: Navigating the Mortgage Market And Current Trends - 01/21/24 05:56 AM
Welcome to Mortgage Monday, where 28-year veteran realtor Charles Stallions CBR, CRS of Pensacola, Pace, and Gulf Breeze, Florida, will bring you the rates and insight into the mortgage industry.
Navigating the Mortgage Market: Understanding Current Trends and What to Expect
In the ever-changing landscape of the real estate market, Charles Stallions, a 28-year real estate veteran, says one of the critical factors that homebuyers and homeowners keep a close eye on is mortgage rates. These rates play a crucial role in determining the affordability of homes and impact the housing market's overall health. This post will delve into the current state of … (0 comments)

mortgage monday: Navigating the Pensacola Real Estate Market: Applying for a Mortgage - 01/07/24 03:36 PM
The vibrant city of Pensacola, Florida, with its sandy beaches, rich history, and thriving culture, has become a sought-after destination for those looking to establish roots or invest in real estate. The Pensacola real estate market offers a diverse range of properties, from beachfront condos to historic homes, attracting buyers eager to make this sunny paradise their own.
However, before diving headfirst into the realm of property ownership, one crucial step stands between you and your dream home: securing a mortgage. Navigating the mortgage application process requires careful planning, financial readiness, and an understanding of the steps involved. Here's a comprehensive guide … (0 comments)

mortgage monday: Mortgage Monday: Mortgage Rates Up / Down Our Only Interest Is You - 12/17/23 08:18 AM
For the sixth consecutive week, mortgage rates in Pensacola, Florida, experienced a decline, dropping to 7.03% from the previous week's 7.22% for a 30-year fixed-rate loan. This improvement, as noted by Freddie Mac, provides some relief, although 28-year veteran realtor, Charles Stallions, believes further drops are necessary to invigorate demand.
The trend mirrors a recent decrease in the 10-year Treasury yield, guiding lenders in loan pricing. With hopes that the Federal Reserve might halt interest rate increases to address lower inflation, this decline in yield has contributed to the lower mortgage rates.
While this downward shift is encouraging for potential homebuyers in Pensacola … (1 comments)

mortgage monday: Mortgage Monday: 3-2-1 Buy Down Could Be All The Rage At This Time - 11/26/23 09:23 PM
With fixed-rate mortgages reaching 20-year highs, Pensacola Area lenders are seeing an emergence in new financing techniques such as 3/2/1 buydowns.
The new approach allows buyers to reduce their interest rate payments by 3% during the first year, 2% in the second year, and 1% in the third year, with regular interest payments resuming after that. 
“That’s an exciting strategy that is pretty popular right now,” said Charles Stallions. “We anticipate that rates will come down over the next couple of years. Obviously, there’s not a guarantee … but if [buyers] can kind of make it through those first couple of years, … (2 comments)

mortgage monday: Mortgage Monday: Preapproval, Qualifying and Getting Approved - 11/21/23 08:41 PM
Getting a mortgage in Pensacola, like elsewhere, involves several key steps. Here's a breakdown of the process:
1. Financial Assessment: Credit Check: Lenders review your credit score to evaluate your creditworthiness. Income Verification: Provide proof of income and employment stability. 2. Preparation: Research Lenders: Explore different lenders or mortgage brokers in Pensacola. Determine Budget: Calculate how much you can afford as a down payment and monthly payments. 3. Mortgage Pre-Approval: Application: Fill out a mortgage application with your chosen lender. Documentation: Submit financial documents (pay stubs, tax returns, bank statements, etc.). Pre-Approval: Once approved, you'll receive a conditional commitment in writing … (0 comments)

mortgage monday: Mortgage Monday: 10 Things Most Homebuyers Get Wrong - 11/13/23 04:41 PM
While buying a home has always been a challenging milestone, today’s high interest rates have made this dream even harder to achieve. By Kimberly Dawn Neumann
Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today. This tacks many hundreds extra onto the monthly expense of housing, stretching some homebuyers’ budgets to the breaking point. And while there are ways to lower those costs, navigating the home loan process is extremely complicated—particularly for first-time homebuyers.
“It’s very important for first-timers to do research and understand all their options before they start looking for a … (1 comments)

mortgage monday: Mortgage Monday: Interest Rates Still A Good Time To Buy - 10/27/23 09:45 PM
Long-Term Mortgage Rate Hits 7.57% this Week By Alex Veiga It’s the highest average rate for a 30-year, fixed-rate loan in two decades – up from last week’s 7.49% as more buyers now turn to adjustable-rate loans.
LOS ANGELES (AP) – Home loan borrowing costs rose for the fifth straight week, keeping the average long-term U.S. mortgage rate at its highest level in more than two decades and taking another bite out of prospective homebuyers’ purchasing power.
The average rate on the benchmark 30-year home loan rose to 7.57% from 7.49% last week, mortgage buyer Freddie Mac said Thursday. A year … (0 comments)

mortgage monday: Mortgage Monday: FHA, VA, Conventional Loans We Have Them In Pensacola - 10/08/23 04:08 PM
How to get a Mortgage and FREE Credit Report   
Thinking of buying use our Broker Buying System to do your searches, find out the actual value of each home before you make an offer, property disclosures at your fingertips, home inspection reports, and any work that has or may have been done to the home before seller putting a home on market. Charles Stallions Real Estate Services will be with you every step of the way.
Looking for that perfect home at a price you want to pay click here My Home own search! and do it yourself or as one of our experts … (1 comments)

mortgage monday: Mortgage Monday: How To Get A FHA Loan In Pensacola Florida - 09/24/23 12:09 PM
FHA loans are typically considered the "easiest" mortgage to get if you're looking to buy a house. You can get an FHA loan with a 580 credit score, or 500 if you make a 10% down payment.
Below is the cheat sheet I use to see what it takes to qualify now granted you may not make as much or want to spend as much so adjust the numbers to fit your situation or just call or text Charles at 850-476-4494 for a 5-minute "what do I qualify for?
How much do I need to make for a $250,000 house? A $250,000 … (1 comments)

mortgage monday: Mortgage Monday: Rates Past, Present, and Possible Future - 09/10/23 07:28 PM
Some say our best years are behind us as far as mortgage rates go but that is what all doomsayers say and I say buy now and refinance later because buying is always better than renting. 
  If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important … (3 comments)

mortgage monday: Mortgage Monday: A Summer High with Home Prices and Mortgage Rates - 09/03/23 05:26 PM
Home Prices and Mortgage Rates End Summer at a High—but Fall Should Bring Buyers Hope Mortgage rates just jumped to their highest level in 20 years, averaging 7.09% for a 30-year fixed-rate home loan as of Aug. 17, according to Freddie Mac. Continue To Read And Please Share By Margaret Heidenry Pensacola to Navarre and Gulf Breeze to Jay Florida as well as all over the Gulf Coast and panhandle we have you covered. Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help take the challenges out of the … (1 comments)

mortgage monday: Mortgage Monday Rates Tick Higher: 30-year at 6.90% - 08/25/23 08:39 PM
Average rates for 30-year, fixed-rate loans in Pensacola Florida pushed closer to 7% again this week, up from last week’s 6.81%. A year ago, rates averaged 4.99%.
From Pensacola to Navarre and Gulf Breeze to Jay Florida as well as all over the gulf coast and panhandle we have you covered. Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help take the challenges out of the equation with over 28 years of experience in knowing the market's ups and downs we have experts that will give you … (1 comments)

mortgage monday: Mortgage Monday: Which Mortgage Is Right For Me - 07/22/23 11:07 AM
If you thought finding the right home, location, and price could be a challenge well you could be right but think of finding the right mortgage and the challenges it could be with all the programs available luckily for our buyers we have a really secret liaison and she knows her mortgages like no other would you like to really I mean really get the honest scoop on mortgages and how the wrong one could cost you thousands of dollars. Call or Text Charles NOW at 850-476-4494 with "Mortgage" and I will put you in touch, yes it's exclusive and the … (2 comments)

mortgage monday: Mortgage Monday: The Ins And Outs Of Buying A Home - 07/09/23 09:00 AM
Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help take the challenges out of the equation. 
How to get a Mortgage and FREE Credit Report   

Thinking of buying use our Broker Buying System to do your searches, find out the actual value of each home before you make an offer, property disclosures at your fingertips, home inspection reports, and any work that has or may have been done to the home before seller putting a home on market. Charles Stallions Real Estate Services will be with you … (0 comments)

 
Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl. (Charles Stallions Real Estate Services )

Charles Stallions

850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Pensacola, FL

More about me…

Charles Stallions Real Estate Services

Address: 139 E. Burgess Rd, Pensacola, fl, 32503

Office: (850) 478-8811

Mobile: (850) 476-4494

Why Pay More To Get Less? Charles Stallions Real Estate Services charges a flat fee of $2995 PLUS 3% if you want to be in the MLS. What do you get? Our 27 Step Selling System including Your home distributed to over 400 Websites, Premier Agent marketing on Zillow & Trulia, including print advertising in the #1 magazine, Open Houses, Tour Of Homes -Auction style AND that is just in the first week. Call 800-309-3414 for over the phone analysis with no obligations.


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