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 28, 2015 | Canada and Canadians
My last two blogs, Will Foreign Buyers Save Us? Part 1 and Part 2, covered the favorable influence foreigner have had on our Phoenix/Scottsdale area and national real estate market. I discussed the positive impact the exchange rate makes to my fellow Canadians when...
by kramoltz@hotmail.com | Feb 28, 2015 | Global Buyers + Foreign Investment
In Part 1 I discussed the participation of non-U.S. citizens in our real estate market. Foreign buyers have traditionally been a significant part of the residential market in select states. Arizona has been one of those favored states, and should be even more...
by kramoltz@hotmail.com | Feb 28, 2015 | Global Buyers + Foreign Investment
Long before our latest market struggles, there has been a history of foreign buyers for U.S. residential and commercial real estate. But figures from the 12-month period ending the first half of last year show that nationally, international investors bought 10 percent...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Conventional wisdom by mortgage professionals was to never pay points when refinancing or at the closing of a real estate sale. Mortgage “points” are equal to 1% of the loan amount, and are paid at closing in order to lower a mortgage interest rate. Lowering the...
