Loans & Financing

May 8, 2017

Real Estate Wire Fraud- The Struggle is REAL!!

Here's a quick video about wire fraud- what it is & how it can affect you.

QUICK NOTE: As I prepared to do this vlog, I received an email from an escrow officer in Las Vegas whose email signature had been swiped and slightly altered so the phone number ...

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March 23, 2017

What "Mortgage Rates Are Trending UP..." means for you in Spring 2017

"Mortgage rates are going up!"

Yeah........ I hear that a lot. But what does that mean and how does it affect you? Is the sky falling?? The short answer is "a little". The Federal Reserve lowered it's interest rate ("Fed Funds Rate") or the money banks pay to borrow money ...

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Jan. 3, 2017

Thinking about a "Lease Option"- Think twice...

There are 2 sides to this story- one for Sellers & one for Buyers. There are pros and a whole lot of cons. Let's take a look...

Sellers:

Frequently, frustrated sellers with homes to sell find themselves with a willing tenant throwing the "lease-option" or "lease-to-own" plan into their ...

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Dec. 21, 2016

UP in 2017 Real Estate: Buyer Purchase Power & Mortgage Rates

On 1/1/2017, buyer get a bump to their purchase power when they finance a home loan. The conventional (AKA "conforming") loan limit increases to $424,100 (from $417K; min 3% down required) and the FHA loan limit increases to $275,665 (from $271,050; min 3.5% down required ...

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Oct. 4, 2016

Endangered Species: Cheap Houses in Metro Phoenix

Looking for a cheap house to buy in Metro Phoenix? Better get one while you can...

 

Active Listings by Price in Metro Phoenix 10/1/16- Active Listings by Price Range In Metro Phoenix

There are thousands of homes to buy, but the days of $50K, $60K, or $75K homes are all but gone. In fact ...

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Aug. 3, 2016

Home Inspections: What Every Buyer Needs to Know

Screenshot 2016-08-03 02.32.16Most buyers have an “inspection period” or the right to perform “due diligence” prior to completing a home purchase. If you are spending a lot of money, shouldn't you know what you’re getting?

In Arizona, something doesn’t have to be physically wrong or in disrepair for a buyer to ...

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April 21, 2016

Buyers: What It Really Costs to Buy a Home

20160420-HUD1You’ve decided you want to buy a house. It’s one of the largest purchases you’ll probably make. You know you have expenses but you don’t completely know what they are other then you have a down payment and the balance that’s due when you close. Many buyers have no clue ...

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March 11, 2016

March 2016 Phoenix Metro Real Estate Snapshot

Change has been in the air for the last few months within our market. Here's what our local economists have to say:

March Phoenix Market Snapshot

 

  • Listings Under Contract Up Nearly 9% from Last Year
  • Monthly Median Sales Price Up 6% from Last Year
  • 50% of Monthly Sales Over $211,900

FOR ...

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Dec. 28, 2015

October/November 2015 Phoenix/Scottsdale Real Estate Recap

I've been going non-stop since my last recap of September when I reported that our nation implemented TRID ("Know Before You Owe"), affecting all loans, including mortgages) and the market cooled as buyer demand seemed to retreat & the supply of homes picked substantially.

Here's my recap of ...

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Oct. 19, 2015

9 Points Home Buyers Must Know About the New TRID Rule

home.sweet.homeOn 10/03/15, the Consumer Financial Protection Bureau (CFPB) implemented it's new rule affecting all home loan disclosures. It will allow consumers more transparency and a better understanding of the loan terms & process and hopefully prevent mass amounts of borrowers from defaulting on loans which they had little ...

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