Tag Archives: mortgages

20% Down Payment

Having 20% downpayment towards a home purchase is the ideal amount for financed loans, even 25% can be preferable for jumbo loans. Up to this point that percentage has been seen as ideal not mandatory, depending on other circumstances. There had been … Continue reading

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Appraisals

Appraisals are like snowflakes. No two are ever the same. Possibly one of the more frustrating areas for people in the real estate market is the appraisal process. It’s not even just those people buying or selling a house currently. … Continue reading

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Sellers How To Stop Your Deals Falling Apart

An interesting article posted by the Real Deal an online real estate focuses magazine reports that June saw an increasing number of deals falling out of contract. What’s going on here? Lawrence Yun, the chief economist of NAR, said the … Continue reading

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Buying a Home | The Impact of Mortgage Rates

There are a lot of people undecided about whether to move from renting to owning right now. Asking themselves the classic question: Is Now a good time to buy a home? Here in Scottsdale the question is sometimes asked even … Continue reading

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Banks Demanding Higher Down Payments

An interesting article today in the WSJ about the current state of down payments in the mortgage market. The median down payment in nine major U.S. cities rose to 22% last year on properties purchased through conventional mortgages, according to … Continue reading

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Buying a Home Now

Smart Money, a part of the Wall Street Journal digital network, is running an opinion piece reflecting on the Obama administration’s proposal to reform the mortgage industry. The article outlines some of the effects that might occur should the proposals be approved by Congress. The effects … Continue reading

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