Owning a home has many advantages. One of the biggest ones is being able to accumulate equity with every payment that you make. Your home equity is simply the amount of money that you have personally invested in your home, beyond what you owe to the lender. At first glance, this money may seem inaccessible […]
Continue reading...Why Do Home Prices Fluctuate?
Home prices are constantly changing. You may have even heard about the housing market being in the buyer’s or seller’s favor over the years. Naturally, understanding what causes a home’s price to go up helps you pick the best time to buy or sell a house. While the size and location of a house plays […]
Continue reading...How to Come Up With a Down Payment
Down payments on a home show lenders that you are responsible with your money. They also give lenders an added sense of security, since they are not having to issue a loan for the full value of your new home. Being able to put a down payment on a home opens up options that help […]
Continue reading...5 Financial Benefits: Buying vs Renting
In life, being willing to make a change is critical for enjoying greater financial success. At times, renting has its benefits. You may rent an apartment or house for its location or the ability to split payments with roommates. Yet, there comes a point when the rent cycle may be hurting you financially. The decision […]
Continue reading...Touring Etiquette for Home Buyers
Home buyers get excited about touring potential new homes. Not only do you get the chance to find your perfect living space, but you also get to check out new design concepts that help you narrow down what you want in a home. However, you do need to remember that this is someone else’s house, […]
Continue reading...Questions to Ask Before Buying a New Home
If you are buying a new home for the first time, you may be wondering exactly what is involved in the process of closing on a home purchase. You can start by asking these questions, which will help you feel confident when it comes time to finalize your new home purchase. How Much Should I […]
Continue reading...Forecast for Arizona 2019 Mortgage Interest Rates
It’s that time of year when we have a better idea of what the future holds for homebuyers in Arizona. The rise and fall of mortgage interest rates is always at the forefront of the decisions that we help people make. In fact, getting the lowest interest rate possible can help you afford more on […]
Continue reading...What is an Extreme Buydown?
The housing market has undergone tremendous change in recent years that affects everyone during the home buying and selling process. Not only are home buyers concerned about rising interest rates, but many sellers are also finding that their house’s increased value makes it harder for prospective buyers to afford the mortgage. Fortunately, an extreme […]
Continue reading...What Are the 3 Main Types of Home Loans?
As a home buyer, knowledge is power, and one of the first questions people ask us is about the different types of home loans. While most people understand that the interest rates can vary on home loans, they are often unsure of how to sort through the various benefits and drawbacks of each type of […]
Continue reading...Phoenix Home Loans – We Make it Easy
The process involved with getting a loan for your new home is complicated. For a first-time home buyer, just trying to understand the differences between each type of loan gets confusing. If you have bought a home before, then you are also likely to be surprised by just how much has changed, since the requirements […]
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