by kramoltz@hotmail.com | Sep 30, 2021 | Home Ownership, Mortgages + Lending
Although interest rates have inched up, they are still near historic lows. The mortgage pros say that generally a one percent drop in the interest rate of your loan makes it worth it. The lower payments will save money you can invest or use elsewhere. A cash out refi...
by kramoltz@hotmail.com | Aug 25, 2021 | Home Ownership, Selling Your Home
Downsizing. Selling your home usually isn’t on the home equity harvest techniques list. But buying a less expensive home can a generate a sizeable amount of cash that was previously inaccessible. And if the cash savings of buying a home for less money is invested, it...
by kramoltz@hotmail.com | May 9, 2020 | Home Ownership, Mortgages + Lending
If your home is foreclosed on and your home is worth less than the loan, Arizona law provides for protection from being sued for that deficiency. This prevents a lender from recovering a money judgment against you if your home is “upside down” if the loan was used to...
by kramoltz@hotmail.com | Jan 17, 2020 | Mortgages + Lending, Real Estate Facts & Figures
Metro Phoenix ranks number 2 in VA home loan originations in the U.S. That means lots of veterans are moving to or buying homes in the Valley of the Sun. This demonstrates the continuing popularity of Arizona to the U.S. armed forces community (and their dogs).
by kramoltz@hotmail.com | Jan 2, 2020 | Mortgages + Lending, Real Estate Facts & Figures
The Federal Housing Finance Agency has increased the conventional loan limit from $484,350 to $510,400. This gives borrowers more buying power, allowing them to avoid more expensive Jumbo Loans and their stricter restrictions. So you can now afford to buy more home in...