Buying a Home Right Now: Easy? No. Smart? Yes.
Buying a Home Right Now: Easy? No. Smart? Yes. Through all the volatility in the economy right now, some have put their search for a Tucson home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. […]
What is Private Mortgage Insurance (PMI)?
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI) about […]
2 Myths About Mortgages That May Be Holding Back Tucson Home Buyers
Many Tucson home buyers may not know their mortgage options when buying a home. The down payment may be less than you think although saving for a bigger down payment of 20% or more is best and the FICO score requirement may be less than you think. First off when buying a home, we would […]
Brexit 1 Month Later: The Impact on Mortgage Rates
Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days. […]
3 Crucial Questions Most Tucson Home Buyers Don’t Know the Answer To…DO YOU?
Whether you are considering the purchase of your first Tucson, AZ home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to: What is the minimum down payment required to purchase a home? What is the minimum FICO score required to qualify for […]
One More Time… You Do Not Need 20% Down To Buy a Home in Tucson NOW!
A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to […]
Further Proof This Isn’t a Housing Bubble
Further Proof This Isn’t a Housing Bubble Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to […]
Where Are Interest Rates Headed This Year?
Where Are Interest Rates Headed This Year? With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the four major reporting agencies are predicting for 2016, it may make the decision […]
What You Need To Qualify For A Mortgage
A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment […]
The Impact of Higher Interest Rates
The Impact of Higher Interest Rates Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed: “The Mortgage Bankers Association expects that rates on 30-year loans could reach 4.8 percent by the end of next year, topping 5 percent in 2017. Rates haven’t […]
Should I Pay a Mortgage Interest Rate over 4%?
Should I Pay a Mortgage Interest Rate over 4%? Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. […]
Where Are Mortgage Rates Headed in 2016
Where Are Mortgage Rates Headed in 2016 The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where mortgage rates are headed when deciding to buy a home in […]
Why a 15 Year Fixed Mortgage Is The Best Choice
Why a 15 Year Fixed Mortgage Is The Best Choice When buying a home or refinancing your existing mortgage consider a 15-year mortgage, it is by far the best choice. THE 15-YEAR MORTGAGE IS A LONG-TERM SAVER’S DREAM When buying a home and getting a mortgage each time you make your mortgage payment a portion […]
Warren Buffett Says Mortgages Now a “No Brainer”
Second-Richest Man Says Mortgages Now a “No Brainer” Warren Buffett is the second-richest man in America today, behind Bill Gates. (He was the richest man in the world in 2008.) He made his fortune through the financial markets. Buffett, to me, is the greatest financial mind of our time – if not ever. Right now, […]
Ben Bernanke Cant Get A Mortgage… Big Upside In Housing!
Ben Bernanke Cant Get A Mortgage Big Upside In Housing I recently tried to refinance my mortgage,” former Fed Chairman Ben Bernanke said last week, “and I was unsuccessful in doing so. – Ben Bernanke The audience laughed – but then he said “I’m not making that up.” What does it mean when Bernanke – […]
How To Select The Right Mortgage
HOW TO SELECT THE RIGHT MORTGAGE INTRODUCTION As you start to consider your mortgage options, you may quickly find yourself overwhelmed by the sheer number of choices. Give the number of bells and whistles that most mortgages can come with, the number or possible combinations means that literally hundreds of choices available. Talk about mortgage […]