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 [...]
Continue Reading →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 [...]
Continue Reading →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. [...]
Continue Reading →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 [...]
Continue Reading →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 [...]
Continue Reading →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 [...]
Continue Reading →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 [...]
Continue Reading →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 [...]
Continue Reading →Affordability Calculator
Monthly Gross Income $ Monthly Debt Expenses [?] Monthly Debt and Obligations Should Include:
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