Monique Driver

Monique Driver

REALTOR
  • 813-438-6174
  • 813-661-5652
  • 813-643-0054
  • 1725 Highway 60 East
    Valrico, FL 33594
Contact Me

Welcome to my Website

Searching for your next home? Try our state-of-the-art map search – with it you can quickly search the entire market. Simply type the address, city, MLS ID, or just hit the search button to get started. The large format map allows you to click and drag, zoom in and view detailed information and photos for all properties currently listed on the MLS.

Selling your home? No other website in the market will showcase your listing with up to 50 high resolution photos! In addition to advertising your property on my own website, I syndicate your listing to other real estate websites across the web.

Whether you are selling your home, searching for your next home, or have any questions about the process – I look forward to helping you!

Renting vs. Buying

DON’T LET RISING RENTS TRAP YOU

There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents while locking in your housing cost for the life of your mortgage.

Don’t Become Trapped
Jonathan Smoke, Chief Economist at realtor.com recently reported on what he calls a “Rental Affordability Crisis.” He warns that, 

“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”  

The Joint Center for Housing Studies at Harvard University recently released their 2015 Report on Rental Housing, in which they reported that 49% of rental households are cost-burdened,
meaning they spend more than 30% of their income on housing. These households struggle to save for a rainy day and pay other bills, such as food and healthcare.

It’s Cheaper to Buy Than Rent

In Smoke’s article, he went on to say,

“Housing is central to the health and well-being of our country and our local communities. In addition, this (rental affordability) crisis threatens the future value of owned housing, as the burdensome level of rents will trap more aspiring owners into a vicious financial cycle in which they cannot save and build a solid credit record to eventually buy a home.” 

“While more than 85% of markets have burdensome rents today, it’s perplexing that in more than 75% of the counties across the country, it is actually cheaper to buy than rent a home. So why aren’t those unhappy renters choosing to buy?”

Know Your Options

Perhaps you have already saved enough to buy your first home. HousingWire reported that analysts at Nomura believe:

“It’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment.  It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.” (emphasis added)

Many first-time homebuyers who believe that they need a large down payment may be holding themselves back from their dream home. In many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!

Bottom Line

Don’t get caught in the trap so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Let’s get together to determine if you are eligible to get a mortgage.  Call me at (813) 438-6174.

source:  KEEPINGCURRENTMATTERS.COM

Go ahead!  Play with the numbers with our Rent Vs. Buy Calculator.  Let get together and look at the options available.

Things not to do Post-Mortgage Approval

Don’t do these 4 risky mortgage moves

 

HOUSTON – Feb. 28, 2017 – Homebuyers are excited about purchasing a new home. Then, sadly, some of them sabotage their ability to get final loan approval. While you shouldn't even look at homes until you have a solid pre-approval letter, you can still mess up things.

Take a look at these four risky behaviors and make sure you do not jeopardize your loan approval.

  1. Don't apply for credit: This means you don't go car or furniture shopping. Don't even apply for new utility providers or any other form of credit. Even if you don't take on more debt, the inquiries could damage your credit score.
  2. Don't move money around: Any money movement will be closely scrutinized just before closing. If you are getting a gift to help you with closing costs, have them wire the money directly to the title company and make sure your mortgage company has any gift letters they require.
  3. Don't change jobs: If an amazing opportunity shows up, try to delay the job change until after closing. The mortgage company wants to see stability and will typically require you to be on a job for a minimum of 30 days. They will often ask for a pay stub and verification of employment. If things change, it could delay or destroy your ability to get a mortgage loan.
  4. Don't put off filing  tax returns: Lenders want to see your latest financial information, including your tax returns. Do your taxes as soon as you can and it will make it easier to gather up what you need to apply for a mortgage. AND – if you get a tax refund, don't spend it until closing. Set it aside for expenses like a down payment, closing costs and other things you will need to move into your new home. It will show the loan company you are very responsible with your money.

Source: Floridarealtors.org

Copyright © 2017, Your Houston News, The Woodlands, TX; The Courier, Marion Franke, real estate columnist