The number of days outlined in this video, to close a Real Estate Transaction, are accurate. Thanks to recent government regulations (TRID), the time to close a loan has indeed lengthened. Even though we always build this into the closing time frame in a Purchase Contract, I always explain to both Home Buyers and Home… Read More
We don’t hear as much about Bridge Loans as we used to, and though they were nearly nonexistent for a while they seem to be creeping back into favor. A bridge loan may not be the most financially prudent option, interest rates are higher and the amount of time you will carry the loan is… Read More
The article below explains some of the new regulations that home buyers will be subject to during the mortgage process. I’ve been to several classes on this subject and feel that I’ve got a fairly good handle on these measures. But I suppose that remains to be seen as many mortgage loan offers have given… Read More
When buying a first home, most people are making one of the biggest purchases of their lives. Without home buying experience, it can be difficult to separate fact from fiction. Get the facts on these common first-time home buying myths: Myth – It takes a 20 percent down payment to buy a home. Reality –… Read More
This Thank You Thursday we express our appreciation to Congressman Raúl Grijalva, who wasted no time acting on an issue that is critical to Veterans housing matters. We met with Congressman Grijalva as representatives of VAREP (Veterans Association of Real Estate Professionals) this past June. Our concern was that Veterans are entering into the mortgage… Read More
I recently read an article on News360 called “Three things to know before you get your first mortgage”. Now, don’t get me wrong, this is not a slam of News360, it’s my favorite news app and I’ve found some incredibly useful information there. It’s more a commentary on knowing what is real and what is… Read More
You may not give much thought to your credit score in your day-to-day life, but when the time comes for a major purchase or transition, the information in your credit report is crucial. People are often unpleasantly surprised at how much inaccurate information can show up in their credit report when they finally take the… Read More
from ‘Not Your Daddy’s Home Selling Tips‘ on yourValleyProperty.com Be the Bank. Under very specific circumstances it may be in your best interest to consider acting as the mortgagee. This is commonly known as a carry-back. My best advice if you’re considering this would be to talk with a financial consultant and an attorney before… Read More
I thought I’d seen it all. Everything that could go wrong with a short sale has gone wrong. Silly me. Of course I should have known better, I’ve been doing these things for years. Some have simply imploded but a fair amount have closed. Most were a literal nightmare, (I hate that word “literally” but… Read More
