If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does […]
Home Loans
A Return to ‘Normal’? The State of Real Estate in 2022
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1 In Scottsdale alone, we saw a 20% gain in the past year and a gain of 54.2% over the past […]
Don’t Believe Everything You Read: The Truth Many Headlines Overlook
There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that […]
Don’t Wait for a Lower Mortgage Rate – It Could Cost You
Today’s housing market is truly one for the record books. Sales have gone through the roof in Scottsdale and Greater Phoenix and are just starting to cool slightly. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of […]
What is Knock Home Swap?
Have you been dreaming about purchasing a new home, but have your current home to sell? Are you concerned about being on the hook for two mortgages if your home does not sell? Does the thought of having your home “showing ready” and having people go through your house stress you out? Do you have […]