mortgage: Phoenix Real Estate Blog: You Keep the House, I’ll Take the Mortgage - 07/16/08 07:12 PM
I feel a bit sheepish. I pride myself on knowing a lot about real estate – from the economics of the current market to how to stage a home. It is, after all, my job. But I always admit when I learn something new. And today, I did.
Reading an … (2 comments)
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mortgage: What’s Left in the Bank Account After You Pay Your Mortgage? - 06/12/08 02:21 PM
There was a very interesting blog on Zillow yesterday that talked about how much money the average family has left over every month after paying the mortgage, in different cities around the country. Check out Zillow’s chart: Source: Zillow.com
Source: Zillow.comThe relatively large amount of money left over at the … (2 comments)
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mortgage: Phoenix Real Estate Blog: How the Foreclosure Crisis Has Spread through the Housing Market - 06/04/08 03:43 PM
I was struck by a string of articles around the country that summed up pretty well how the foreclosure crisis has spread throughout the housing market:
The Wall Street Journal: Number of Foreclosed Homes Keeps Rising
The Chicago Tribune: Break for sellers: Banks settle for less
The Arizona Daily Star: Foreclosures … (0 comments)
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mortgage: 4 steps to a better mortgage - 04/23/08 11:44 AM
A recent survey by Zillow.com found that U.S. adults spend about 40 hours shopping for a home, 15 for major home improvements, 10 for a car, 8 for a mortgage or home loan, 7 for a vacation, five for a computer, and about four for a television.
What’s wrong with … (1 comments)
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mortgage: Feeling “trapped” in a housing market that’s on fire – and not in a good way - 04/23/08 11:38 AM
They say that art imitates life. It’s certainly true of newspaper cartoonists – not the kind you see in the “Funnies” section, but the kind you see on the editorial page. They take often serious topics and bring out the humor – however dark – in them. Sometimes, it’s just … (0 comments)
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mortgage: Once Upon A Time: The Story of the Housing Bust, Subprime Meltdown, and Credit Crunch - 04/11/08 12:56 AM
I know I’m a little late to the game, here, but I’ve been meaning to write a post about a great article in the New York Times for a while now. It’s from March 19, but it’s so good I’m going to write about it here anyway.
So the article … (0 comments)
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mortgage: How’s your credit? Part III: Fixing errors on your credit report and building good credit history - 04/08/08 09:05 PM
Yesterday I offered 8 steps to help you build good credit. But I left out a few steps (on purpose, of course). One part of maintaining a good credit history is making sure that mistakes don’t appear on your reports.
Sometimes mistakes crop up because of simple human error … (2 comments)
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mortgage: How’s your credit? Part II: 8 Steps to Building Good Credit - 03/11/08 02:17 PM
Whether we like it or not, it’s a fact: our credit score matters; if we want to buy stuff, it matters a lot. But if you don’t have great credit, take heart: there are 8 very real steps you can take to clean it up.
1. If you’re currently missing … (1 comments)
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mortgage: Looking to buy or refinance? There’s one question every lender will ask: How’s your credit? - 03/11/08 02:14 PM
Amidst all the fear about falling home prices, tighter lending standards, the weak value of the dollar, a looming recession. . . While we can’t predict the future, one thing is certain: most mortgage lenders have tightened their lending standards.
One part of the build-up to the housing bust … (0 comments)
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mortgage: Home equity: use it wisely - 02/05/08 08:45 PM
February 1, 2008
There’s not really any single reason we could point to that explains why the housing market/ lending industry has been through such an upheaval. Certainly rapidly rising home prices had something to do with it. And the rise in risky loans, like interest-only and subprime loans played … (2 comments)
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mortgage: New Year’s resolution #3: Get a mortgage that you can afford - 01/08/08 11:02 PM
December 31, 2007
This New Year’s Eve, as you plan all of the things you’re going to do next year – join a gym, clean out the closet, give up chocolate – whatever, add one more to your list: if you’re going to be buying a new home or refinancing … (0 comments)
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mortgage: Subprime rate freeze: who will it help? - 12/20/07 01:04 AM
December 14, 2007
Last week, the Bush Administration, mortgage lenders, and investors together agreed on a plan to freeze certain subprime rates for 5 years. The negotiations, between Treasury Secretary Henry Paulson, and mortgage industry executives, came in the face of 2 million looming mortgage adjustments.
The plan, proponents say, … (0 comments)
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mortgage: Credit's tight, but you can still get a loan - 11/30/07 12:17 AM
November 28, 2007
Earlier this month, the Fed released results of a survey showing that mortgage lenders had tightened their lending standards. “About 40 percent of respondents indicated that they had tightened their lending standards on prime mortgages, compared with only about 15 percent that reported having done so in … (0 comments)
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mortgage: Don’t have a 20% down payment? Don’t worry! - 10/30/07 11:38 PM
October 27, 2007
With the average home price in the Phoenix Metro area around $260,000, a 20% down payment would be $52,000. Even if you could afford to save $500 a month (on top of your rent payment), it would take you almost 9 years to save up for a … (3 comments)
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