A recent survey by the University of Florida found that just over fifty percent of Floridians believe it’s worth buying a home, despite the record low homeownership rates. Less than twenty percent felt it was not a good time, while the rest were unsure.
Florida’s homeownership rate remains higher than the national rate. Those in favor of buying a home cited low interest rates, affordable prices, ample availability, and favorable economic conditions. However, this may change if the Federal Reserve decides to increase interest rates.
On the other hand, difficulty in obtaining a mortgage was a significant concern among those who thought buying a home was a bad idea. Private lending could help bypass hurdles involved in securing financing through traditional lenders. Alternative financing options are available for those interested in homeownership or investment opportunities.
If you’re looking to take advantage of alternative financing for homeownership or investment, we’re here to assist you.
This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at https://mmprivatelending.com to fill out an application form.