When buying a home in today’s market, you MUST be concerned about MORTGAGE FRAUD. Not only the FRAUD FOR PROFIT that many have experienced, but the FRAUD FOR HOUSING. Yes, if you lie, or are encouraged to lie in the mortgage application, that is FRAUD. It is both a Federal and Arizona FELONY. Your buyer’s [...]

It may be only for a few days, but this first day of fall was glorious! I’m sure we will have some more triple digit days before Halloween, but today was great.
The people who live in the New England area, upper Midwest, and even in Arizona’s mountains mark the change of seasons by the changing [...]

Get a Home Loan for Only 4% Interest!
That is a teaser rate folks, YES IT IS TOO GOOD TO BE TRUE!
Many lenders in the past have offered rates like this and even lower. You see it on TV all of the time. Thes are teasers, meant to get you to call them. Even if [...]

The Adjustable Rate Mortgage (ARM) can be a valuable tool when buying a home. It can also become your worst nightmare.
Benefits of an ARM include:

Ability to qualify for  more house since the qualification is based upon the first payment level.
Gradual increase in payments if the ARM is correctly selected. This increase will hopefully be [...]

ARMs, how they work.
A basic Adjustable Rate Mortgage (ARM) is based upon the following items (be sure your lending officer and real estate agent explains them in detail)

An Index
Margin
Adjustment Period
Maximum Increase per Period
Maximum Increase over the Life of the Loan

INDEX: Each ARM is tied to an economic index. The index relates to the cost of [...]

Much has been said recently about the causes of our current and projected foreclosure rate.
Often vilified by the press as the cause of today’s mortgage mess, is the adjustable rate mortgage. (ARM)
The ARM was originally developed as an instrument to give people, often first time buyers a way to get on the property ladder earlier [...]

To know the answer to that question, it is important to ask yourself the following questions first:

Do you plan on living in the home for 3 to 5 years?
Do you have a stable job or retirement income?
Are rents and rental occupancy rates increasing in the area you wish to live?

If you answered yes to these [...]

Nationally, the outlook for home buyers is mixed.

Home loan applications have increased for the second straight week. This may indicate more buyer interest.
Slowdown in market activity has occurred. Historically, a great slowdown in market activity signifies the bottom of a market cycle.
Bankruptcy and closings of mortgage lenders has slowed appreciably. In the [...]

Lenn Harley, a broker in Maryland at Homefinders.com wrote about this in her blog. I feel it is important enough to quote a few of the secrets here.
Secret: The agent’s whose name is on the FOR SALE sign in the yard has promised the seller that he/she will get the best price for the seller.  [...]

Homes for sale in Sun City Grand, Westbrook Village
If you like many others believe you have to be 55 years old to live in an active adult community, have I got news for you.
Both Sun City Grand, and Westbrook Village have lower age restrictions. You may buy a home and live in it at age [...]