RealEstateFountainHills.com cash Buyers

Types of Loans and Down Payments- How Much Can I Borrow?

Down Payments, Loan Amount and Credit Score Requirements: Loan programs change as much as real estate prices do so it’s good to have a general idea of what is needed to buy a home. Of course I always recommend that you speak with a qualified loan officer to find out what will work for your own personal situation but you get get a general idea […]

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Interest Rates – Last 45 Years

Interest rates have never been better. It seems every year we are saying rates won’t go lower, and then they do. If you are fortunate to be in the position to qualify for a home loan or able to refinance, this is the time!     Source: Freddie Mac. Updated Thursday, October 11, 2012.      

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Pros and Cons of HomePath Financing

Have you come across and HomePath property and wonder what the heck that means and if you are eligible? Here is a quick run down of the pros and cons. I recommend you contact a reputable lender to get all the facts, debt ratio and credit score will be the determining factor on whether this program works for you, plus the home has to be […]

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Will Banks Ever Loosen Up Lending Standards?

It will take years before we can truly assess how far out of whack the real estate marketwas at the peak of the housing boom last decade. That’s important to remember when assessing the current state of the U.S. housing market. Lax lending standards that in 2005 allowed almost anyone to get a mortgage have been tightened. With tougher standards are we prolonging the housing recovery? […]

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Tight Credit – Are You Able to Buy?

With the tightening of credit over the last few years by banks, more potential Fountain Hills home buyers find they are being shut out of home ownership, unable to obtain financing for their home purchase. Don’t think this only applies to buyers with poor credit histories being rejected for home loans–think again, some buyers are even coming with high credit scores and large down payments, […]

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Can I Obtain Financing after a Fountain Hills Foreclosure or Short Sale?

A Fountain Hills  foreclosure is a traumatic experience, however, it isn’t the end of the world, and you can buy another home.  Here are some recent guidelines to buying a Fountain Hills home after foreclosure, short sale or bankruptcy. Conventional Chapter 7 Bankruptcy- 4 years from discharge date Chapter 13 Bankruptcy- 2 years from discharge date Foreclosure- 5 years from completion date (Mortgage included in […]

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