What Would an $80,000 House Really Cost?

On July 5, 2011 By

There are no simple answers to this question. When you buy a house, you incur all types of costs depending on your particular circumstances.

Some of those costs could be loan origination fees, title insurance, home warranty, escrow fees, document fees, HOA transfer fees, etc. These are all up-front costs, some of which can be [...]

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My Credit Will Be Affected for How Long?

On June 22, 2011 By

When you’re asking yourself the question, “how long will my credit be affected if I do X” it’s important to put the question in context of the product (home loan) that you are inquiring about.  Did you go through a short sale, foreclosure, or deed in lieu?  Were you late on any payments during this [...]

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Paid By The Seller

On June 15, 2011 By

Yet another quick article that outlines one of the basics in buying a home.

When you buy a car, you also pay tax, license fees, document fees, and registration.  These are all one-time costs.  Some of them are paid up front, and some can be rolled into your loan.

The same goes for a house. [...]

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When Can I Jump Back Into Homeownership Following a Distressed Sale?

On May 24, 2011 By

Have you lost your home to foreclosure or a short sale?  If so, you may be wondering how long you have to wait to get back into homeownership.  It all depends on a number of factors.  First and foremost, it depends on how the property was lost.

If through a foreclosure, FHA and VA will [...]

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Guess What!? It’s a Seller’s Market…

On May 9, 2011 By

You may have heard the terms “Seller’s Market” and “Buyers Market.”  Over the past few years, we’ve heard the term “Buyer’s Market” far more than we have the other.  These terms are basically how we describe who has more power to control the price of the home.  It’s simple supply and demand.

When it’s a [...]

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Is That Investment Profitable?

On April 29, 2011 By

I was poking through some of the properties in the Historic Phoenix Districts and I came across one that caught my attention, much like it would many people.

Aside from owning your primary residence free and clear and reaping the increasing valuation over time, there are two ways that I can think of off the [...]

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What’s That Status Mean?

On April 20, 2011 By

Not every property that is “on the market” for sale in Arizona is listed in the Arizona MLS. There may be reasons for holding onto what we call “pocket listings” but for the most part, when we list your home for sale, it’s done so where the widest variety of professionals have access to the [...]

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15 Years Is Better Than 30

On March 30, 2011 By

The following outlines two scenarios. One involves borrowing $100,000 for 30 years, and the other for 15 years. The point is to show you how much more powerful your dollar will be if you go with 15 years, even if the payment is a bit higher. This should help you determine the amount of home [...]

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