harp 20: Need To Determine Your Monthly Payments, Interest and More? - 11/11/14 10:40 PM
Need To Determine Your Monthly Payments, Interest and More? Learn How To Use A Mortgage Calculator And Get The Answers You Need Are you thinking about using a mortgage to buy a new home? Buying your own piece of local real estate is a major financial investment and one that can require some pretty complex math to fully understand.
In this blog post we’ll discuss mortgage calculators and how to use one of these tools to determine your monthly mortgage payments, interest charges, amortization periods and more.
Determining Your Principal and Down Payment Amounts
To get started with a mortgage calculator … (15 comments)

harp 20: Mortgage News For The Week Of November 10, 2014 - 11/09/14 10:08 PM
Mortgage News For The Week Of November 10, 2014  
   
 
Last week’s economic reports contained mixed reports indicating that the economy continues to recover with occasional “blips” in its progress. Construction spending was lower than expected.
 
A Federal Reserve survey of senior loan officers indicated that credit standards remain strict for mortgages and other types of lending. According to the survey, a “modest net fraction” of large banks had eased credit standards for prime mortgage lending.
 
First-Time Homebuyers Struggle as Market Share Hits 27-Year Low
 
The National Association of REALTORS® (NAR) reported that first-time buyers’ … (11 comments)

harp 20: Do You Have Reverse Mortgage Questions? - 11/05/14 12:17 AM
Do You Have Reverse Mortgage Questions?    
If you’ve recently considered your options for taking some of the equity out of your home you may have heard about reverse mortgage loans. If you meet the requirements for a reverse mortgage it can be an excellent way to tap into the value of your home, freeing up that cash to be reinvested or used for other purposes.
In today’s blog post we’ll explore reverse mortgage loans, explaining how they work and whether or not you’re qualified to receive one.
How Does a Reverse Mortgage Work?
As the name implies, a reverse … (0 comments)

harp 20: Need a Mortgage? Let's Spruce Up Your Credit Before Applying - 11/04/14 02:04 AM
Need a Mortgage? Let's Spruce Up Your Credit Before Applying
 
   
 
If you’ve had some trouble getting approved for a mortgage recently, you’re not alone. Many individuals face mortgage challenges due to past blemishes on their credit reports or a personal financial crisis that resulted in bills not being paid on time.
 
In this post we’ll share three quick tips for sprucing up your personal credit before reapplying for a mortgage. With a bit of luck and hard work you can be on your way to purchasing that new dream home.
 
Pay Off Your Credit Cards … (1 comments)

harp 20: Mortgage News For The Week of November 3, 2014 - 11/02/14 10:09 PM
Mortgage News For The Week of November 3, 2014    
Last week’s economic news brought mixed developments as pending home sales moved to their second highest level of 2014.
The Federal Open Market Committee (FOMC) announced the expected end of asset purchases under its quantitative easing program. In its post-meeting statement, the committee noted improvements in overall economic conditions labor markets as indications of better than expected economic trends.
The Case-Shiller Home Price Index reports for August showed continued slowing in housing price gains. Mortgage rates were higher, but consumer confidence exceeded expectations.
Pending Home Sales Rise, Case-Shiller Reports Slower … (0 comments)

harp 20: Are You Considering Renting Out Your Second Home to Generate Income? - 10/31/14 01:56 AM
Are You Considering Renting Out Your Second Home to Generate Income?  
   
 
Are you thinking about buying a second home to spend some time in when you’re on vacation? Whether you’re picking up a small house near the beach or you’re looking at a ski-in/ski-out condo at your favorite ski resort, if you’re only going to be in the home for short periods each year you may want to consider renting the property out the rest of the time to generate some additional income.
 
In this post we’ll share a few tips for getting your property ready … (0 comments)

harp 20: Want To Enhance Your Home’s Value Before You List It for Sale? - 10/28/14 11:58 PM
Want To Enhance Your Home’s Value Before You List It for Sale?    
Whether you’ve decided it’s time for an upgrade or you’re moving on to a new city, if you’re selling your home you may be wondering how you can boost its value before listing it up for sale.
In today’s blog post we’ll share four ways that you can spend a bit of time and money upgrading your home before it hits the local real estate market.
Spruce Up Your Landscaping
You’ll want your home to make a great first impression, and as such a great place to … (0 comments)

harp 20: Starting out with a Low Monthly Mortgage Payment... - 10/28/14 01:00 AM
Steps You Can Take to Help Ensure You Start out with a Low Monthly Mortgage Payment    
Are you thinking about buying a new house or condo? If so, you’ve likely given some thought to your mortgage and as to how you can pay as little as possible in order to own your new home.
Below we’ll share four easy steps that you can take to ensure you start out with an affordable monthly mortgage payment.
Make A Large Down Payment On Your Home
The easiest way to reduce your monthly payment is to invest as much as possible in … (0 comments)

harp 20: Mortgage News For The Week Of October 27th, 2014 - 10/27/14 01:45 AM
Mortgage News For The Week Of October 27th, 2014    

Last week’s economic news included a few developments connected with housing and mortgage industries. While no economic reports were released on Monday, the rest of the week provided good news for existing home sales, home prices and mortgage rates.
The National Association of REALTORS® reported that existing home sales in September exceeded expectations and the prior month’s reading with a seasonally adjusted annual rate of 5.17 million sales.
Three of four U.S. regions posted higher sales of previously owned homes with only the Midwest region reporting a decline in … (0 comments)

harp 20: Mortgage News For The Week Of September 15, 2014 - 09/14/14 11:44 PM



Mortgage News For The Week Of September 15, 2014  
   
 
Last week’s housing related economic reports were slim, but an unexpected increase in weekly jobless claims gained attention. Analysts calmed concerns by noting that last week’s reading of 315,000 new jobless claims was not far removed from jobless claim levels before the recession. Expectations for last week’s reading were for 301,000 new jobless claims based on the previous week’s original reading of 302,000. The previous week’s reading was revised to 304,000 new jobless claims.
 
Jobless Claims: 4-Week Average for Continuing Claims Hits Lowest Level … (3 comments)

harp 20: Your Garage: It’s Not Just For Car Storage - 09/12/14 12:24 AM
Your Garage: It’s Not Just For Car Storage
   
In some homes, garages are used only for car storage. They may appear to be bare and without real functional use for homeowners. However, other garages may be an envy of the neighborhood – they may have floor to ceiling shelving systems, and they may be the picture-perfect image of organization.
With a bit of planning and creativity, you can turn your garage into a much more functional space. Here’s how you can make your garage the most useful space in the house.
Determine What You Need To Store
One of … (4 comments)

harp 20: Mortgage News For The Week of Sept 8, 2014 - 09/08/14 12:32 AM
Mortgage News For The Week of Sept 8, 2014    
Last week’s housing-related economic news was slim, likely due to the Labor Day holiday Monday. On Tuesday, the U.S. Commerce Department reported that construction spending for July increased by 1.80 percent as compared to June’s revised reading of 1.0 percent and expectations of a 1.0 percent increase for July.
The Federal Reserve released its Beige Book report Wednesday; the collection of anecdotes from business contacts within the 12 Federal Reserve districts indicated that the general economy was strengthening as well as labor markets. The Fed noted a shortage of skilled … (1 comments)

harp 20: Thinking About Selling Your Home? - 09/04/14 11:53 PM
Thinking About Selling Your Home? Questions to Ask when Hiring a Real Estate Agent
   
The work of a real estate agent can make or break how a prospective buyer feels about the property. Now that it’s time to sell your home, you want to find the right agent to market it.
How do you find someone you can trust who will make you feel confident they can sell your home quickly for the best price possible? Here are the questions you should be asking.
Are They Licensed?
This one is the easy one. You should be working with … (3 comments)

harp 20: 3 Things Your Kids Need To Know About Mortgages Before They Leave Home - 09/04/14 12:50 AM
3 Things Your Kids Need To Know About Mortgages Before They Leave Home    
When your children are about to step out into the world on their own, you want to help them on their way. This especially holds true when it comes to buying a house. As your sons or daughters prepare to take the plunge into home ownership, make sure they follow three crucial tips that will help them during the mortgage process.
Don’t Bite Off More Than You Can Chew
One of the biggest mistakes that homeowners make is choosing a home that is beyond their price … (0 comments)

harp 20: Questions Your Lender Will Ask When Applying For A Mortgage - 09/03/14 12:33 AM
Questions Your Lender Will Ask When Applying For A Mortgage    
Before approving a mortgage, your lender is going to have to do his due diligence to ensure that you can afford a loan large enough to pay for a house. That means your lender will be asking you several questions about whether or not you can afford a mortgage.
Here’s how you can prepare to answer these questions in a way that will increase your likelihood of approval.
How Stable Is Your Income?
Your lender is going to want to know that your income is going to be stable … (3 comments)

harp 20: Mortgage News For The Week Of September 2, 2014 - 09/02/14 02:04 AM
 
   
 
Last week’s economic news included several reports related to housing. The Case-Shiller and FHFA reports for June showed a further slowing in home price growth. New home sales for July fell short of the expected reading, but pending home sales exceeded expectations. The details:
 
Case-Shiller, FHFA: June Home Price Growth Slows
 
The Case-Shiller 10 and 20-City Home Price Index for June moved from May’s year-over-year reading of 9.40 percent growth to 8.10 percent in June. Home prices grew by 1.00 percent on a month-to-month basis in June as compared to May’s reading of 1.20 percent.
(2 comments)

harp 20: Department of Commerce Home Sale News - 08/25/14 11:31 PM
Department of Commerce Home Sale News
   
The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July’s reading of 412,000 new homes sold fell short of expectations and June’s reading, the new homes sector is volatile and subject to change.
June’s reading of 406,000 new homes sold was revised to 422,000 new homes sold; expectations were based on the original reading. Three of four regions posted a slower rate of growth for home prices with only the South posting a gain.
The average … (3 comments)

harp 20: Are You Writing A Low-ball Offer On A Home? - 08/22/14 12:47 AM
Are You Writing A Low-ball Offer On A Home? How to Avoid Insulting a Home Seller
   
Buying a home is a huge step for people who are ready to make an investment in their future. Getting a great deal on a home is just as important and knowing how much to offer could be confusing. It is important to make sure the home seller is not insulted by the low-ball offer and is ready to negotiate to make sure everyone wins.
Make a List of Necessary Improvements
One of the best ways to validate a low-ball offer on a home is … (3 comments)

harp 20: Mortgage Modification Scam Alert! - 08/21/14 12:51 AM
Mortgage Modification Scam Alert!
     
As if homeowners who are facing foreclosure don’t have enough to worry about, a multitude of loan modification scam artists have invaded the internet, public files and even foreclosure notices in newspapers in hopes of targeting their next victim. By identifying the top three modification scams and learning how to avoid them, at-risk homeowners can protect themselves (and their homes).
Never Pay For Mortgage Modification Assistance
Many desperate homeowners fall victim to scam artists who offer to provide them with assistance in the loan modification process for an exorbitant fee. Many times the scam … (3 comments)

harp 20: Mortgage News For The Week Of Aug 11, 2014 - 08/11/14 03:04 AM
Mortgage News For The Week Of  Aug 11, 2014    

Last week’s housing related news was minimal, but a Federal Reserve survey of senior loan officers revealed that although credit standards for commercial and industrial loans as well as credit cards are easing, current mortgage credit standards are more stringent than in 2005. This could be a contributing factor to slowing housing market gains while other sectors of the economy are recovering at a faster pace.
Qualified Mortgage Rules Impact Non-Conforming Mortgages
The Senior Loan Officers survey also noted that qualified mortgage rules have slowed approval of prime jumbo … (1 comments)

 
Mark Taylor Mortgages, 602-361-0707 #MarkTaylor #Awesomerates NMLS#207897 (and for 1st Time Buyers, Move Up Buyers & Investors )

Mark Taylor Mortgages

602-361-0707 #MarkTaylor #Awesomerates NMLS#207897

Scottsdale, AZ

More about me…

and for 1st Time Buyers, Move Up Buyers & Investors

Address: Scottsdale, Phoenix, Glendale, Mesa, Gilbert, Paradise Valley, Queencreek , Prescott, Flagstaff, Payson, Showlow, Anthem, Avondale, Surprise, Casa Grande, Scottsdale, AZ, 85255

Office: (602) 361-0707

Mobile: (602) 361-0707



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