Tag: 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 calls to make the 20% a regulation for borrowers to get access to the best […]

  • 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. But existing home owners who see juicy headline mortgage rates at the bank. Then when […]

  • 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 sudden spike is surprising and worrisome, and that there are no hard statistics available on […]

  • 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 more nervously simply because of the massive swing in prices we have seen locally. Almost […]

  • 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 an analysis for The Wall Street Journal by real-estate portal Zillow.com. That percentage doubled in […]

  • 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 are broken down to smaller mortgages, higher fees and bigger down payments. The article, which […]