Put the Horse before the Cart! Yes! When it comes to getting your loan lined up, the sooner, the better! My team often requires that buyers speak with a lender and secure a prequalification letter before looking at properties. This is a relatively simple process that involves the lender pulling your credit score, … [Read more...]
Buy a Home Today and Save $135,000 Towards Retirement!
“If you are planning to buy a home in the next year, it’s better to do it sooner rather than later,” Frank Nothaft, Freddie Mac’s chief economist, said in a recent video commentary. With 30-year mortgages dipping below 4%, buyers are in a strong position to afford more home than they could 10 years ago. Think of it this way, … [Read more...]
How to Prevent a Housing Affordability Crisis
The American Enterprise Institute recently reported that the risk of mortgage defaults under stressful economic conditions hit an all-time high in April. Their research indicates that almost 12% of all mortgages could be at risk of default in the event of another economic downturn. When we look at the type of loan issued, 25.12% … [Read more...]
Buy Home In Phoenix Now and Save $100,000
A lot of buyers today are asking, “When is the best time to buy a home in Phoenix?” It seems like we have been saying this for the past year but, given today’s economic environment, the answer could very well be “Now!” With the value of the US Dollar dropping and the likelihood that the Federal Reserve will roll back its … [Read more...]
