spirit in tucson: Tucson Buyer's Pathway to Purchase
- 05/16/16 07:54 AM
Thinking about buying a home? First thing any potential buyer shouhld do is speak with a local lender, get pre-approved. Next step? Find a local Realtor and start a relationship today.
This is a new down payment assistance program coming this summer for City of Tucson and South Tucson properties. The program offers fixed rate, 30 year conventional first mortgages up to 95% loan to value with a second mortgage equal to 10% of the purchase price up to a maximum of $20,000. There is reduced mortgage insurance cost for this program.
The second loan is at 0% interest with no payments and … (0 comments)
spirit in tucson: Reducing the Cost of a Mortgage for a Couple
- 04/08/16 11:05 AM
Couples that has disparate credit scores can lower their costs by having only the person with the higher credit score on the mortgage loan. Both can be on the sales contract and the title to the home.
Lenders use the lower of the two middle scores for consumers applying for joint credit. If the difference between the two middle scores is significant, having both consumers on the mortgage can increase the cost of the loan. Using only the person with the higher credit score can avoid this extra cost. The person on the mortgage loan must be able to qualify for the … (1 comments)
spirit in tucson: Central Tucson W/Pool, Garage 1859 Sq Ft in Historic San Clemente
- 03/24/16 04:23 AM
3920 E Calle De Jardin in historic San Clemente for sale $269,900. Three bedroom, two bath, attached garage, large pool, on .25 acres. Coming soon, priced $20K below the Zillow.com "Zesimate". If you have questions or would like to view this property please call Central Tucson specialist listing agent Spirit Messingham at (520) 471-6900. Desirable central location in historic San Clemente. Charming double brick construction w/ concrete drive way, and attached garage. Authentic original hardwood flooring recently resurfaced, spacious living room w/built-in shelves, wood burning stacked flagstone fireplace. Enjoy the .25 acre lot with private backyard including: mature trees & vegetation, built-up … (1 comments)
spirit in tucson: Customer Service Tips for Agents
- 02/10/16 11:54 PM
The real estate has always been a competitive field, but with the arrival of online services such as Zillow.com, Trulia, Redfin, and Realtor.com, real estate professionals are under more pressure than ever to show their worth and build long-lasting customer relationships. Offering exceptional customer service is a great way for real estate agents to earn trust and customer loyalty. If all an agent wants to do is make a "quick' or "easy" sale, that is not how they will earn referrals down the road from clients. I understand it is easy to think we can just reach clients thru social media, … (2 comments)
spirit in tucson: When Does A Property Offically Close in Arizona?
- 11/26/15 02:02 AM
In Arizona, as in many state, recordation is the official close of escrow. Lender loan funding is a critical step and absolutely necessary component of closing but recordation is the final step when ownership actually transfers. Just because the lender has funded their loan does not necessarily insure recordation. There can be situations where the Title company is not aware that the lender has sent their wired funds and thus this can delay recordation. This occasionally happens during high volume times at the Title companies. The transaction usually ends by conducting final walk thru 1-3 days before the COE (Close of … (0 comments)
spirit in tucson: Data Regarding First Time Home Buyers
- 11/23/15 01:05 AM
According to the National Association of Realtors, first-time home buyers comprised 32% of existing-home sales in August of this year (nationally). That’s only mildly interesting, sure, but look at how those sales break down: • Buyers age 34 and under accounted for 29% of those sales • Renters accounted for 38% of first-time home buyers Are you ready for this? • Almost 50% of those first-time home buyers were 35-55 years old. Because the age range of first-time home buyers is so wide, real estate agents and mortgage folks alike need to be nimble and ready to address buyers needs. While … (2 comments)
spirit in tucson: Historic Colonia Solana Open House Sunday 1-4pm New Listing
- 11/06/15 02:54 AM
Please join me for an open house, a terrific opportunity for buyers to view this designated historic (break on property taxes) in historic Colonia Solana this Sunday from 1-4pm. 3489 E Via Guadalupe Tucson, AZ 85716. Priced $100K below the current Zillow.com "Zestimate". Currently the lowest price home available in the historic Colonia Solana subdivision ($300K lower than the next property for sale). Please call listing agent, Central Tucson specialist Spirit Messingham at (520) 471-6900 for a private showing. Thinking of buying or selling real estate in Central Tucson? Give Spirit a call, click on his profile to read 150+ reviews from past … (1 comments)
spirit in tucson: EPA New Clean Power Plan
- 09/24/15 01:32 AM
The EPA has finalized new regulations on CO2 emissions from power plants. NAR has opposed these regulations stating concerns about their impact on utility costs for homeowners. Arizona has an even greater problem with these regulations as the increased utility cost will also drive up our water rates. The CAP canal that delivers water throughout our state is a major user of power. More expensive power means more expensive water, of which many homeowners do not want to pay for. … (0 comments)
spirit in tucson: Think All Lender's Are The Same?
- 09/21/15 05:10 AM
Think all lenders are the same? Not true. Earlier this month, the Community Home Lenders Association posted on their website a side-by-side comparison of consumer regulation required of non-bank mortgage lenders versus banks. The details are chilling. Every individual Loan Originator at a non-bank lender must: • Be licensed • Complete SAFE Act Mortgage Competency Test • Complete 20 hours SAFE Act pre-licensing courses • Pass an independent criminal background check • Do 8 hours/year of SAFE Act continuing education Banks are completely EXEMPT from ALL of the above. Further, all non-bank mortgage lenders are subject to CFPB exams covering: • Compliance … (4 comments)
spirit in tucson: Mortgage Rates & Market Commentary 9/4/15
- 09/04/15 09:22 AM
Mortgage bond prices finished the week lower which pushed rates higher. Stock volatility dominated headlines. The DOW fell 115 points Monday, 490 points Tuesday and rose 293 points Wednesday. The data was mixed. ADP employment rose 190K versus the expected 202K increase. This was rate friendly. Revised Q2 Productivity rose 3.3% from up 2.8% the prior release. Factory orders rose 0.4% versus the expected 0.9% increase. Weekly jobless claims were 282K versus the expected 273K. Unemployment was 5.1% and payrolls rose 173K. Mortgage interest rates finished the week worse by about 1/8 to 1/4 of a discount point.
Third generation, full-time licensed Realtor, putting my clients' needs first. I work with all of my client's one on one, taking pride in the quality work and services I provide. In the top 1% of all Tucson Realtors by sales volume 2012 - 2015. I have the experience, passion and knowledge to help with your residential real estate needs. Call (520) 471-6900 for a free and no obligation consultation.
Thinking about buying a home? First thing any potential buyer shouhld do is speak with a local lender, get pre-approved. Next step? Find a local Realtor and start a relationship today.
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