by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Renters and Renting
Late last year, Fletcher Wilcox, a well-respected real estate analyst with Grand Canyon Title, prepared a report entitled “Should you Rent or Buy a Single Family Home.” It analyzed whether it was cheaper to pay rent or pay a mortgage on a single family home. Based on...
by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Mortgages + Lending, Selling Your Home
There is good news from the Federal Housing Administration (“FHA”) for real estate investors. Late last month Commissioner David H. Stevens extended FHA’s temporary waiver of the agency’s “anti-flipping rule.” Flipping is the practice of selling a home in...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
In my last blog I wrote about the slim possibility of getting a refund of “private mortgage insurance”. Mortgage insurance is required by lenders when a down payment is less than 20%. Usually those payments are non-refundable unless the lender agrees otherwise at the...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Recently, I was asked the question: Can I get PMI payments refunded? What was being asked pertains to “private mortgage insurance”, which is required if a down payment is less than 20% of the value of the home. In that event, the lender requires the...
by kramoltz@hotmail.com | Feb 26, 2015 | Home Buying, Mortgages + Lending
As of July 1, select home buyers in Maricopa County can take advantage of the Your Way Home AZ program. An offshoot of the HUD for Home Purchase Assistance project, the state version provides eligible buyers with up to 22% of a home’s purchase price. The statewide...