News, Tips, and Advise Column

/News, Tips, and Advise Column
News, Tips, and Advise Column 2017-09-18T16:16:16+00:00

October 2017 Advice for Buyers and Sellers Currently in Market

The Cromfored Report has published their October 2017 analysis of real estate for the Valley. 3rd Quarter MLS Sales Up Only 2% Over 2016 High End MLS Sales Over $600K Up 27%   What your [...]

By | October 23rd, 2017|Categories: Uncategorized|0 Comments

Mortgage “Phishing” is on the Rise – Don’t Get Hooked!

In recent months, there’s been an uptick in cases of “phishing” – a type of email scam – that’s been targeting homebuyers and mortgage applicants. Do you know how to keep yourself – or your [...]

By | October 10th, 2017|Categories: Uncategorized|0 Comments

New Mortgage Rates to Affect Retirees Seeking FHA Reverse Mortgages

The big news in mortgage lending effective this week has to do with rule changes by the FHA to their Home Equity Conversion Mortgage (or HECM - FHA’s version of a reverse mortgage) effective October [...]

By | October 2nd, 2017|Categories: Uncategorized|0 Comments

Disaster Planning for Home Buyers, Sellers and Real Estate Agents

Nobody likes thinking about disasters and worst-case scenarios. Here in Arizona, we often think we’re not prone to them. Earthquakes are for people in California, right? And our weather is generally favorable, so we often [...]

By | September 26th, 2017|Categories: Uncategorized|0 Comments

Reverse Mortgage HECM changes Effective October 2nd 2017

Important Announcement: HUD makes Reverse Mortgage HECM changes effective 10-2-2017 Here is what has changed: PLF ('Principal Limit Factor', this is how they adjust for losses)- They lowered the floor rate from 5.06% to 3.00% [...]

By | September 25th, 2017|Categories: Uncategorized|0 Comments

September 2017 Advice for Buyers and Sellers Currently in Market

The Cromfored Report has published their September 2017 analysis of real estate for the Valley. Active Listings Between $150K-$175K rise 17% since June Has the Phoenix Real Estate Market Recovered?    What your buyers need [...]

By | September 18th, 2017|Categories: Uncategorized|0 Comments