top portion of settlement statement document - Settlement Statement, Closing Costs, Documents, Title Company, Mortgage - Bill Salvatore, Arizona Elite Properties 602-999-0952 - Arizona Real Estate

Mortgage Closing Costs 101

Mortgage Closing Costs 101. It goes without saying that buying a home is a major financial investment. It is advisable that you understand how much more goes into budgeting for a new home other than monthly mortgage payments. Closing costs are one of those budget entries.  Click to view “Who Pays for What?”. Closing costs… Read More

Home buyers, Family with Kids, Moving Children, Happy Family - Bill Salvatore, Arizona Real Estate - Arizona Elite Properties 602-999-0952

This is the Age of Diversity in Home Buying

This is the Age of Diversity in Home Buying. 2015 and 2016 saw a noticeable influx of Baby Boomers re-entering the Real Estate Market. An estimated fifty-nine million Americans are considering buying a home in 2017. So which demographics are at the front of the pack this time? Generation X (ages approximately 33-50) and Minority… Read More

Identity Theft, credit repair - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties - 602-999-0952

1 in 40 American Families Deal With Child Identity Theft

1 in 40 American Families Deal With Child Identity Theft. This isn’t purely a homeowner issue but I feel it belongs here nonetheless. It’s a family issue. A community issue. You protect your children from physical dangers in your home. You protect them from dangers in and out of your neighborhood. Whether it’s screening care-givers,… Read More

key attached to a house-shaped key chain - Renting vs buying, Buying a home after renting, rent to own, First Time Home Buyers - Bill Salvatore, Arizona Elite Properties 602-999-0952 - Arizona Real Estate

The Surprisingly Simple Evolution from Renting to Home Buying

The Surprisingly Simple Evolution from Renting to Home Buying. As a long-time tenant you might not expect that you could be comfortable with the home buying process. But in my experience folks who have rented for years are often the most conscientious and well-informed home buyers. After working with several long-time renters-turned-buyers recently, I’ve come… Read More

Regulation Stamp, TRID, mortgage regulations - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Video: What’s the Word on Mortgage Lending Standards? Better.

Video: What’s the Word on Mortgage Lending Standards? Better. Mortgage lending regulations, along with mortgage interest rates, are fickle. Just when you think you’ve got a handle on them, they will change. Fortunately for home buyers mortgage lending standards have recently been changing for the better. At the end of last year and the first… Read More

Rent vs Buy, Rent or Buy - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties

Rent vs Buy at the Tipping Point, 65 Percent into the Buy Zone

Rent vs Buy at the Tipping Point, 65 Percent into the Buy Zone. In several instances recently I’ve helped put folks into a home of their own for far less in monthly mortgage payments, than the cost of rental homes they were looking at or living in. In each case the homes they purchased were… Read More

Young couple excited to hold the keys to their new home - First Time Buyers, Veterans Discounts, Getting Ready to Buy a Home - Bill Salvatore, Arizona Elite Properties 602-999-0952 - Arizona Rea Estate

Video: Think of Buying a Home? Do Your Groundwork

Video: Think of Buying a Home? Do Your Groundwork. The only thing I really take issue with in the video below is the statement that home buying can be complicated. You’ve heard me say it over and over again… If your Realtor is doing their job, buying a home should never be “scary”, intimidating, complicated… Read More

Understanding Credit - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Are you ‘Unscorable’? Doesn’t Make You Unreliable

Are you ‘Unscorable’? Doesn’t Make You Unreliable. Home Buyers might feel that if they have no bad credit, they are automatically a good credit risk. This isn’t always the case. Some potential home buyers may have no credit at all and mortgage lenders frown on that. All may not be lost if you have no… Read More

Understanding Credit - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Credit Scores on Closed Loans Continue to Drop: Report

Your credit score can mean so much more than a great interest rate. Insurance companies and even employers may access your credit score. Credit scores on closed loans continued to fall to their lowest levels since Ellie Mae began reporting data in August 2011, according to the latest Origination Insight Report released by Ellie Mae®,… Read More