Loans & Financing

April 3, 2014

8 Tips to Get Your Home Purchase Offer Accepted

Originally written on 5/23/13 and updated on 4/2/14.

PurchaseContractAre you frustrated that you can't get your offer accepted? Have you made offer after offer with little luck? Are you considering walking away from buying a home?

With the spring market fully underway and the real …

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Sept. 30, 2013

Have an ARM? (Adjustable Rate Mortgage)

ARMRateIf you are like millions of other American's you may have purchased a home during our housing boom with an ARM or adjustable rate mortgage to save a little money on your home payment given the high prices during that time.  This means that your interest rate was …

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Feb. 7, 2013

12 Tips for Getting the Best Home Loan for YOU

Home LoanIf you plan to buy or refinance your home this spring, I applaud you for taking advantage of historically low rates.

Sure, getting the financing may not be as quick or as easy as it once was during the housing boom because lenders and banks who lost billions from borrowers …

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Dec. 5, 2012

Maricopa County, AZ 2013 Real Estate Outlook

I think now that elections are for the most part over (except where the last of the provisional ballots are still being counted here in Maricopa County), most folks have some expectation of what comes next.  The mortgage interest deduction is likely to stick around, unless it also gets …

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Sept. 18, 2012

Lending Standards: Too tight, too loose or just right?

I read an interesting article today put out by RISMedia, heavily loaded with quotes from Lawrence Yun, the Chief Economist for the National Association of Realtors (read it for yourself here).  He had some very valid points about current lending standards and the challenges borrowers faced when applying for …

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Aug. 31, 2012

More Short Sales with Law Extension Through 2013?

Check out the article in today's LA Times here: http://www.latimes.com/business/realestate/la-fi-harney-20120812,0,7914990.story

The Mortgage Forgiveness Debt Relief Act may be extended if the bi-partisan Senate Finance Committee is successful with getting their bill through the Senate and House. The impact of a …

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March 14, 2012

Leasing Your Home May Be a Profitable Option to Selling

For Lease/ For RentWith the sheer volume of homeowners who have either short sold, or lost homes to deeds in lieu of foreclosure or actual foreclosure, there are more renters than there have been in a long time looking for suitable homes to live in.  To add to that, with so many …

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Oct. 13, 2011

Stuck in a high-interest loan because you have no equity to refi?

Help may be on the way.  If this legislation being floated around Washington to remove the barriers that prevent homeowners from being able to refinance their homes currently at higher interest rate and/or adjustable loans into lower, market-rate loans (currently interest rates hover around 4%). To many it …

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July 17, 2009

USAToday: Upscale home sales lag as jumbo loans are hard to get

By Stephanie Armour, USA TODAY
http://www.usatoday.com/money/economy/housing/2009-07-14-sales-jumbo-loans_N.htm
More than four months after the Obama administration launched its housing rescue plan, scores of lenders are focused on rewriting mortgage loans to make them more affordable.

But one demographic is being largely ignored: homeowners with …

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