The Appraisal – It’s the little discussed part of the home buying/selling process that has BIG effects on your wallet. Without question, it can be the most misunderstood, challenging, and downright frustrating parts of a real estate transaction. On the flip side, it’s uber important for both buyers and sellers
For the first time in 10 years, the Federal Housing Finance Agency just announced it will be raising the maximum size of conforming loans starting in 2017.
In English please?
A conforming loan is the most common type of loan for residential home purchases. These loans are typically the friendliest loans for
What Is a Down Payment?
To buy a home, you need to show the lender some level of commitment in the purchase. It is still possible for some to to find a zero down payment mortgage loan in a VA loan, reserved for veterans of the US military. Rather, you’ll want to
Making a smart investment has nothing to do with a price of the house. OK, maybe a little bit, but the fact of the matter is many people (I’m talking about you Millenials and renters out there) fail to realize the golden opportunity that is upon us ALL right now.
Day in and out I work with Home Buyers from all corners of the country – from different backgrounds, various budgets, and very different taste in style. But at the end of the day there are numerous things that most people need and must take care of before purchasing a
Can I buy a new house while I still own another house?
This is going to depend on your personal situation. A good lender will be able to tell you what you can qualify for with your existing loan in place. In most situations, you can make an offer on a
Getting a good deal by buying Short sales and Foreclosures in Phoenix
Are you looking for an incredible deal? Careful on how much time you invest into looking at short sales and foreclosures. Just because a property is distressed doesn’t necessarily mean it’s a good deal. Contrary to the name, short
Through the years of working with many types of people, it’s evident there are a lot of misnomers about the home buying process. First time home buyers are often misled from beliefs and experiences they had or saw many years ago. The fact of the matter is times have changed.
Over the weekend major changes took place affecting the mortgage business and home buying process. These government issued changes aim to simplify the mortgage process and better inform and protect the consumer. Without getting too technical, as a consumer here’s what you should be aware of:
-Changes effect anyone who applies to obtain
With quarter 2 officially closed, we have learned a great deal about the Phoenix area real estate market. Heading into the summer, Phoenix inventory is at a two year low. The amount of new listings on the market in June hit a 6 month low. The number of sold listings in June is
