| Who can imagine the sheer terror the young men who invaded Normandy 65 years ago felt? I quake to simply think of it. I live and work in Sun City AZ,and am honored to know some of the men and women who fought the battles of WWII. It is my honor to know and [...] It is Memorial Day,a perfect day to remember heros. I grew up amongst heros in San Diego,a Navy town. My father and the neighbors on either side of us,across the street,and up the street were all career men. When my turn came,I enlisted 12/7/1964 serving until 12/6/1970. I reported to [...] A few pieces of good news for the day. The Home Affordability Index is the best it has been in the 18 years of its existence. 73% of homes for sale were affordable by the median income family($64,000 as of this writing) Mortgages were still artificially low,subsidized by the Federal Reserve. This can’t go [...] 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 [...] 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 [...] 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. [...] 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 [...] 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 [...] | |
