by kramoltz@hotmail.com | May 1, 2015 | Home Buying, Mortgages + Lending
Need help coming up with a down payment? The AzHFA Home Plus Mortgage Loan Origination Program provides down payment assistance (DPA) throughout most of Arizona to qualifying home buyers who intend to occupy the home. The DPA is available in conjunction with a Home...
by kramoltz@hotmail.com | Apr 22, 2015 | Home Buying, Mortgages + Lending
One of the biggest problems first time buyers have is coming up with the down payment. A solution is to use a down payment “gift” from relatives. The National Association of Realtors says that about one quarter of first-time buyers do that. But be careful –...
by kramoltz@hotmail.com | Apr 14, 2015 | Home Buying, Mortgages + Lending
The Price is Right. Although median prices have risen, most of the increase is at the low end, with moderate additions in prices higher than $400,000. And most price ranges are a good value historically. It’s Cheaper to Buy than Rent. Rents have...
by kramoltz@hotmail.com | Mar 1, 2015 | Mortgages + Lending
Lenders have put some borrowers through the ringer due to enhanced underwriter guidelines. Although better qualified buyers are a good thing, idiotic and illogical requirements delay the process and make an already stressful process worse. Karen Deis, the operater of...
by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Mortgages + Lending
Did you know the government will give you the money to renovate a FHA home? One of the most overlooked FHA programs, the 203(k) loan, can help if buying a home that needs work using a FHA loan. 203(k) loans are the Department of Housing and Urban Development’s...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Freddie Mac reported that mortgage rates set new record lows the first week of September. Rates on 30-year fixed-rate mortgages averaged 4.12%; the lowest since 1971. That’s down from 4.22% the week before, and from a 2011 high of 5.05% in February of this year....
