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mortgage: Foreclosures and impact to you - 09/01/07 12:42 AM
Authored by Kiran & Kiranhttp://www.homesandloansphx.com/ 602-550-4842
Your home value suffers:  According to the Center for Responsible Lending, foreclosures in your area can hurt your property value. In fact, for every home that goes into foreclosure in your neighborhood, your property value drops by about 1 percent.  So, if you have five foreclosed properties in your neighborhood, your home will fall about 5 percent. And it will stay depressed for at least two years, Click here to find the link to (Link #8) see foreclosures are in your area,
Harder to re-finance:  The foreclosures are pushing many lenders to the edge and that … (1 comments)

mortgage: Mortgage Tips - How to stay unh-ARM-ed; Refinancing - 08/30/07 10:19 PM
Authored by Kiran & Kiranhttp://www.homesandloansphx.com/ 602-550-4842
Maintain healthy credit:  It is much harder to get mortgage today than a month ago.  It is more important than ever to maintain a good credit rating if you intend to purchase OR re-finance.  With the mortgage meltdown that is gaining momentum, it could be harder to refinance if you do not have spotless credit.
Who is NOT impacted? 
One who has good credit score (620+ FICO)One applying for a loan to value of 90 % or betterThis applies to both re-financing and a new transaction.
KNOW your terms:  Once you get a loan, it is very critical … (0 comments)

 
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Kiran & Kiran

Laveen, AZ

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Call Realty, Inc.

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