What to Know Before Buying a Home in Hollywood, FL

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Get Familiar with the Lay of the Land in Hollywood, FL

Ready to lay down some roots and buy a house in Hollywood? Awesome! You selected a vibrant city with a great balance of educational opportunities, businesses, and parks, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers across the country and know the Hollywood housing market well.

Given all of Florida's growth, Hollywood homes aren't always easy to find at a comfortable price. Continued economic growth and cultural expansion have helped to attract retirees, new businesses, and young families to the Hollywood area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Hollywood and its nearby areas still offer a variety of home styles and prices. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream home! When buying a home in Hollywood, consider the home's location in relation to your everyday activities. If possible, test drive your route to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Hollywood will help you see how the northern part differs from the southern part, what the communities are like, and where to find Hollywood's coolest attractions.

Are you financially prepared to buy a house in Hollywood? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade and try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Hollywood. We work with new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Hollywood.

First, calculate how much house you can afford. This will help you set a price range while house shopping in Hollywood. After that, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). No need to have an exact amount. Searching the web for Hollywood averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Then, look at how much money you can put toward a down payment. Placing a minimum of 20% down can improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, the required down payment will depend on the type of loan you get. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, take a good look at your credit. Credit history is an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

It's Go Time! Buy a House in Hollywood, FL

While moving is a universal experience, it remains one of the top stressors that a person can experience in life. But moving feels more rewarding when you get to live in a place like Hollywood. Contact Mr. Cooper as you get ready to buy a house in Hollywood. We're here for you from start to finish and Mr. Cooper® Real Estate Rewards can even connect you with a high-performing real estate agent who may be able to help you save thousands.*

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