Infographic: The Top Cities to Flip Houses in 2016. There are some statistics here that might, at first glance, appear to be an anomaly. But if you’ve been watching the Real Estate market at all you know that the bulk of current data follows a predictable pattern. For instance, you’ll notice in the infographic below,… Read More
Infographic: How Many Hours Do You Have to Work to Afford Your Mortgage? True, owning a home is an expensive proposition. Yes you are paying a mortgage. If you’re renting a home you are still paying a mortgage, just someone else’s. True, you have utilities and upkeep. But you’ll be paying utilities either way and… Read More
Fannie Mae Broadens Access to Credit for Eligible Home Buyers. Home Buyers have long been overburdened by the mortgage application process and simplification of the lending regulations is long overdue. There have been a few policy shifts recently that make the mortgage process smoother, and in my humble opinion fairer, for qualified and qualifiable home… Read More
Late Summer Tips to Ready Your Home for Fall The suggestions below apply to most of the country, in Arizona we have a whole other ‘prep for Fall’ routine. Still, the same advice applies, there are home projects that need attending to. We’ve been hibernating all Summer so we’re excited to get out there and… Read More
Mortgage Applications Drop 11 Percent Mortgage applications decreased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2016. The Market Composite Index, a measure of mortgage loan application volume, decreased 11.2 percent on a seasonally adjusted basis from one… Read More
Anticipating Common Challenges during Escrow – I work a lot with the folks at Pioneer Title Agency. They are local, efficient, and very knowledgeable all critical attributes in such a precision-dependent occupation. They’ve taught me a lot over the years, but one thing I have not learned from them is that problems are inevitable. I… Read More
Video: What to Consider Before Borrowing Home Equity – Home Equity loans were very nearly taboo for quite some time but their coming back into favor. In favor of an equity loan as opposed to a personal loan, mortgage rates are still low (make no mistake, this is a type of mortgage or home financing,… Read More
It’s surprising to me, how many people believe that they can not buy a home. With rents soaring, home prices stable, interest rates low, and tax breaks still in place, you have nothing to loose by looking into purchasing a home. In fact I’ve had several clients who called looking for rentals, and were pleasantly… Read More
Fixed mortgage rates remained steady, aiding homebuyer affordability amid a tight supply of for-sale homes in many markets, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®). Survey results show the 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.6 point for the week, down slightly from last week when it averaged… Read More
The tips below are certainly helpful but I always take issue with anyone telling you that Real Estate transactions are difficult, stressful or overwhelming. If your agent is doing their job there should be no stress or difficulty involved. The article suggests you hire a lawyer. This is never bad advice, but you should also… Read More
