Rodney Cantrell’s Blog

Using a home equity line of credit (HELOC) is an unconventional approach to paying off your mortgage early. While tapping your home equity to reduce your home loan balance has several potential … Continue to full article

FHA loans, typically more lenient than conventional loans, can be used for investment properties under certain conditions, such as living in one unit of a multi-unit property for a year. They are beneficial for low-to-moderate-income families and first-time home buyers due to relaxed requirements. Options for renting or refinancing are also available. Continue to full…

Mortgage lenders often sell home loans as mortgage bonds on the secondary market, which are considered safe investments backed by the U.S. federal government. Entities like Fannie Mae and Freddie Mac support the housing market by buying these mortgages and turning them into mortgage-backed securities. These bonds offer steady interest payments to investors, help banks…

Heading into 2024, the market's trajectory in South Florida is mired in uncertainty, impacted by variable home inventory and economic factors.With mortgage rates at a 23-yr high, ~ 8%, they significantly shape market conditions and buyer behavior.

FHA loans have different requirements from other home loans, making it easier to qualify for them. They are popular with first-time home buyers due to low down payment requirements and lenient credit score standards. While the government sets minimum requirements, lenders can have their own standards. It's important to compare FHA lenders to find the…

Florida's housing market saw a slight price increase in 2023, with median home listing prices above the national average. Predictions for 2024 indicate potential fluctuations in mortgage rates, prompting buyers and sellers to wait. Despite this, inventory needs to increase to meet demand. No housing market crash is expected in Florida in 2024. Decisions to…

Senate Bill 154 introduces critical changes for condominiums and cooperatives in Florida. It mandates "milestone inspections" every 10-yr for certain buildings, emphasizing life-safety and adequacy. It updates definitions and requirements for the Structural Integrity Reserve Study (SIRS) to ensure building safety.

Another indicator worth watching is inflation, which factors heavily into the Fed's monetary policy decisions. When inflation is down, or there are signs of a slowing economy, the Fed could aim to … Continue to full article

The firms — Katzman Chandler in Fort Lauderdale and Allcock Marcus in Boston — have created a website for verified condo owners, board members and property managers can ask if their condo is … Continue to full article