Hand with pen writing on a mortgage application - refinance, mortgage, interest rate, home loans, reverse mortgage, credit - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Mortgage Sense… Conventional? FHA? or Something Else

I’ve talked a great deal about VA Mortgages in these posts, and I have no doubt we’ll be touching on that subject again very soon as a lot has changed. But for those of you who are not lucky enough to be able to take advantage of the VA’s zero-down option, today we touch on… Read More

downward red arrow on top of house silhouette with dollar bill in background - Low Mortgage Interest Rates - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties - 602-999-0952

Lower Mortgage Rates, it’s Deja Vu All Over Again

Home Buyers are never quite sure of the precise moment to lock in their interest rate. Quite frankly, I’m not sure you’ll find a better time than now. Thought the Spring home buying season is right around the corner, home prices seem to be fairly stable, by which I mean we’re experiencing a normal rise… Read More

Graphic of hand holding credit card, money, credit report and chart - Designed by macrovector / Freepik - Credit Regulation, Fixing Credit Scores, Credit Reports - Bill Salvatore, Arizona Elite Properties, 602-999-0952

Rumors of Relaxed Credit Reporting Standards Vastly Overblown

Using credit responsibly is an integral part of your personal finance. Not only is credit a key factor in securing a mortgage when buying a home, vehicle or other major purchase, landlords and property managers invariably look at credit before approving new renters, as do insurers, utility companies and employers. It’s not always easy to… Read More

Hands holding a stack of money with house in the background - iBuyers, home prices, bidding wars, Sellers Market, property taxes, cost of owning a home - Bill Salvatore, Arizona Elite Properties 602-999-0952 - Arizona Real Estate

Where Are Bidding Wars Influencing Home Prices?

The Greater Phoenix Valley has not quite reached the frenetic pace of Realtor.com’s Top 10 Cities Selling Above Asking Price, but we could be getting close. I rather hope not. I’m not sure activity in our market could be defined as ‘Bidding Wars’ yet. Multiple offers in the East Valley are common in lower price… Read More

Strong Economy, Job Growth, Money Markets, Financial - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties - 602-999-0952

Unemployemnt Lowest in Nearly 2 Decades

Unemployment statistics are promising but it may not be what you think. So far this year, job growth has actually been slower than anticipated, yet employment numbers continue to drop… more on the reason for that below. So what does this mean for our Real Estate market? Higher unemployment was one of the main factors… Read More

Hand with pen writing on a mortgage application - refinance, mortgage, interest rate, home loans, reverse mortgage, credit - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Video: Choosing the Right Lender Makes All the Difference

Video: Choosing the Right Lender Makes All the Difference I’m not sure how many people realize how critical it is to choose the right mortgage lender when you’re buying a home. Unfortunately, by the time you find out you’ve made the wrong choice it’s usually too late. As a Realtor, I learned very quickly which… Read More

Exhausted Couple sitting among moving boxes - Packing boxes, Moving Tips for Home Sellers, Moving Advice for Home Buyers, - Bill Salvatore, Arizona Elite Properties 602-999-0952

You Know About Closing Costs, so How Much More Will You Spend?

You Know About Closing Costs, so How Much More Will You Spend? Whether you’re selling or buying a home, there are of course the little things like deposits and connection or disconnect fees for utilities, cable TV and WiFi. But as we all know, the little things add up quickly. Both Home Buyers and Home… 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

Desk top with credit report, money, calculator and pie-graph

And the Winner is… The Number 1 Influence on 2017’s Real Estate Market

And the Winner is… The Number 1 Influence on 2017’s Real Estate Market The facts of financing are undeniably influential but the nuances are really what shape the Real Estate Market. Mortgage interest rates rise and fall regularly, and though we’ve had several interest rate drops in recent weeks, all the news is about rising… Read More

Puzzle pieces forming a house - Home Sellers, Home Buyers, Mortgage Regulation, Title and Escrow - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Trulia Report: Homes in the First Time Buyer Range in Short Supply.

Trulia Report: Homes in the First Time Buyer Range in Short Supply. As a rule I’m not impressed with Trulia. Their home values are skewed by incomplete and vague information, and often the availability of a specific property is inaccurate i.e. not corresponding to the MLS data from which it is borrowed. Having said that,… Read More