Archive for Arizona real estate

Arizona Real Estate Update: There Are Many Bargains Out There

When it comes to Arizona real estate there are many bargains out there and if you are a home buyer this is your time to shine. The benefit of being a AZ home buyer today is that you can afford to be picky, after-all you are in charge. You may be looking at five houses, [...]

Save Money At Closing

It is possible to save money at closing. Whether you are buying a new AZ home or refinancing one you already own, closing costs can often make the process more expensive than expected. When refinancing closing costs can actually get in the way of making a change a poor financial decision. What many borrowers may [...]

Tax Credits Gone, What’s in Store For Arizona Real Estate?

While it is true that the home buyer tax credits spurred Arizona real estate sales during the past 12 months or so, it is also true that that is exactly what the tax credits were designed to do. There is an old saying, “all good things must come to an end”, the tax credits could [...]

Economy Improving Slowly

The last couple of years have been tumultuous, the economy taking its toll, and the majority of Americans are looking forward to moving on and putting the recession behind them.  This year is off to a better start, yet we have suffered a few dips in the past couple of months that have been reminiscent [...]

When it Comes to Arizona Real Estate, What is Affordable?

When a potential home buyer is considering purchasing Arizona real estate, home affordability will be one of the first items that will be addressed. There has been a great deal of talk about housing affordability over the past couple of years, and for the most part, affordability is at an all time high throughout the United States.
Affordability [...]

Creative Financing, Wraparound Loans

There are a variety of ways to finance an Arizona home, some being more traditional while others are lumped in the creative category. One form of creative financing is called a wraparound loan. A wraparound loan, also called an all-inclusive mortgage, enables an AZ home buyer an alternative when the buyer is unable to secure a more traditional mortgage.
A [...]

Looking For An Interest Only Loan? It’s About To Get Tougher

Trying to acquire an interest only loan is about to get tougher.  Fannie Mae is changing the rules to make qualifying for interest only loans a more stringent process.  The biggest difference will be the percentage that a nationwide or Arizona home buyer will have to put down on their real estate transaction.  Under the [...]

Mortgage ABCs

Buying an Arizona home is a very big financial decision and being prepared is of the utmost importance. Before looking for a new home a potential buyer should pre-qualify for a loan as well as examine his finances to be certain exactly what he can afford. Then finding the ideal house for the ideal price is the [...]

Short Time Left To Use Tax Credit & It’s Not Just For First Time Arizona Home Buyers

 With just under two seeks left to use the tax credit there are a few points about the credit to remember.  The home buyer tax credit originated as a first time home buyer tax credit but it is no longer just for first time Arizona home buyers.  If you have lived in your home for [...]

Buying Arizona Real Estate, Is It Possible to Get a Loan?

The first step in buying a new home involves money. Determining how much you can spend is incredibly important. Examining your income and expenses and paying careful attention to your particular situation will reveal how much you can afford for a mortgage. It is extremely important to buy an Arizona home you can afford not one [...]

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