Saturday Strategy
Mortgage FAQ's, did you knows and much more...
New Build Financing Insights
In the current market, some new build lenders offer substantial credits to lower interest rates. While this may seem appealing, it's crucial to evaluate the long-term implications. We recently reviewed a client's loan estimate with nearly $40,000 in credits to reduce interest rates, but the home's price was only $380,000. Essentially, they were paying almost 10% more for the house upfront. Yikes! Check out this weeks Saturday Strategy Video
Check this out... the Annual Percentage Rate (APR) exists to reflect the true interest rate. In some cases, it can be deceptively high, around 11 to 13%+, due to excessive upfront costs.
Don't rush into decisions. The lowest rate with the wrong strategy can cost you thousands.
🏡 More Listings, Fewer Bidding Wars — The Market Is Shifting 📉📈
For the week of JUNE 23, 2025 QUOTE OF THE WEEK “When my mother had to get dinner for 8, she’d just make enough for 16 and only serve half.”—Gracie Allen, American vaudevillian, singer, actress, and comedian NATIONAL MARKET UPDATE May saw a modest increase in single-family home starts, though starts overall declined (solely from…
3 Reasons To Buy a Home This Summer
Thursday June 19th, 2025 Are you thinking about buying a home, but not sure if now’s the right time? A lot of people are waiting and wondering what the market’s going to do next. But here’s something only the savviest buyers realize: This summer might actually be the best time to buy in years. Here are three…
Why More Sellers Are Choosing To Move, Even with Today’s Rates
Wednesday June 18th, 2025 It’s hard to let go of a 3% mortgage rate. There’s no question about it. It’s the main reason why so many homeowners have delayed their move in recent years. But here’s something to consider. While your low rate might be ideal, it doesn’t make up being too cramped, having a staircase your…
A Win for Borrowers and Lenders: Congress Moves to Curb Abusive Trigger Leads
The mortgage world just took a major step forward in protecting consumers and mortgage professionals alike. In a unanimous 46-0 vote, the House Financial Services Committee approved H.R. 2808, a bipartisan legislation aimed at ending the misuse of mortgage “trigger leads.” This marks a significant win for the industry and an even bigger win for…
📉 Market Stability. Growing Inventory. Buyer Advantage?
QUOTE OF THE WEEK “What’s the use of happiness? It can’t buy you money.”—Henny Youngman, English-born American comedian and musician NATIONAL MARKET UPDATE The Mortgage Bankers Association (MBA) reported “purchase applications were 20% ahead of last year’s pace, continuing to show strength” last week, as “homebuyers seem to be taking advantage of loosening housing inventory.” The MBA…
Your House Didn’t Sell. Here’s What To Do Now.
Thursday June 12th, 2025 When your house doesn’t sell, it doesn’t just feel frustrating – it feels personal. You put time, money, and emotional energy into this move. You told your friends and family it was happening. And now that your listing has expired without a buyer? You’re left feeling stuck, and maybe even a…
Is Inventory Getting Back To Normal?
Wednesday June 11th, 2025 After years of it feeling almost impossible to find a home you want to buy, things are changing for the better. Nationally, inventory is growing, and that gives you more options for your move. But here’s what you need to know. That level of growth is going to vary based on…
Arizona Down Payment Assistance: Home in Five Advantage & HOME + Plus
Thinking of buying a home in Arizona and need help with your down payment? Here’s a breakdown of two standout options—Home in Five Advantage for Maricopa County and the statewide HOME + Plus. Both make homeownership more accessible and sustainable. 1. Home in Five Advantage (Maricopa County Only) This program is offered by the Phoenix…
The Five-Year Rule for Home Price Perspective
Tuesday June 10th, 2025 Headlines are saying home prices are starting to dip in some markets. And if you’re beginning to second guess your plans based on what you’re hearing in the media, here’s what you need to know. It’s true that a few metros are seeing slight price drops. But don’t let that overshadow…
Buying Your First Home? FHA Loans Can Help
Monday June 9th, 2025 For Buyers, First-Time Buyers, Mortgage Rates, Affordability, Buying Tips If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look. And one thing that can make homeownership easier to achieve?…
P.S. Can I count on you to contact me if you hear that a friend, family or coworker is looking to buy, sell or refinance? Call/Text 480.553.8770 - We'd be honored to help them too!