Tag Archives: home buying tips

The Case for ARMs

The following article was originally published on Aaron Lending, LLC’s website. We decided to share it with you because it’s full of helpful information about adjustable rate mortgages as well as several real world scenarios. I will admit that as a borrower, Adjustable Rate Mortgages (ARMs) always scared me a little. I didn’t like the uncertainty that came with a rate, and thus a payment, … Continue reading…

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Applying for a Mortgage: Broker vs. Bank

Today’s post from Aaron Lending, LLC addresses the topic of applying for a mortgage and whether you should consider a broker or a bank (e.g., credit union, national bank, online bank, etc.). When shopping for a home mortgage or looking to refinance you have a lot of options. You could go through a local credit union, select a large national bank, choose a brick and … Continue reading…

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Best Ways to Avoid Paying Mortgage Insurance

Mortgage insurance. Just another scary, necessary part of buying a home, right? For some, it may be necessary at first. But it doesn’t have to be scary. Aaron Lending recently published an article about mortgage insurance, which does an excellent job of explaining the different forms of mortgage insurance – MIP vs. PMI – and how you can either avoid paying it altogether or remove … Continue reading…

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Phoenix Mortgage Rates vs. Normalcy Bias

Phoenix Mortgage Rates vs. Normalcy Bias

Normalcy bias. It’s probably a term you’ve heard once or twice before, and maybe even learned about in school. Either way, we’re going to dig into it again today to see how it applies to Phoenix area mortgage rates. The normalcy bias is a mental state that causes people, faced with unfamiliar situations, to underestimate the possibility of a disaster because humans have a bias to … Continue reading…

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The Phoenix Spring Selling Season Couldn’t Wait…

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Phoenix’s spring selling season is underway! Continue reading…

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A Phoenix Area Foreclosure Needn’t Disqualify Responsible Applicants

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There is encouraging news for some prospective homeowners with a foreclosure in their recent past: more common sense seems to have entered the picture. Continue reading…

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Foreign Investors Beware – FIRPTA

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If you are a foreign person or non-resident alien purchasing or selling real estate in Arizona you need to be aware of the section of the residential purchase contract that explains your potential tax obligations. Continue reading…

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New Changes to Mortgage Loan Disclosures

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Ask us anything regarding buying and selling a home in Arizona and we can help you. Ask us about the new laws regarding the Dodd-Frank TILA-RESPA Integrated Disclosure Rule and we turn to Matt Baker, Loan Officer extraordinaire with HomeStreet Home Loans. Below are the comments from Mr. Baker regarding the changes that will go into effect on August 1st, 2015. Continue reading…

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