When you’re getting ready to buy a golf course home for sale in Scottsdale or the surrounding communities, there are lists upon lists of things you should do (check your credit, save up a 20 percent down payment, contact the VA if you’re eligible for a VA loan… you get the picture). But there are four things you shouldn’t do when you’re applying for a mortgage, too. (Looking for a luxury home? Check out 9280 East Thompson Peak Parkway or 20717 North 101st Street in Scottsdale.) 4 Things Not to Do When You Continue Reading
Can You Buy a Home for Sale in Scottsdale With Bad Credit?
If you’re looking at Scottsdale homes for sale, there’s a good chance you’ll need a mortgage loan – most people do. But what if your credit isn’t quite up to par? Can you buy a home in Scottsdale with bad credit? Can You Buy a Home in Scottsdale With Bad Credit? All lenders have their own credit requirements, but typically, you need a credit score of at least 620 to borrow on a Fannie Mae or Freddie Mac loan, and a credit score of at least 580 to use an FHA loan. You can still borrow the money to buy a home Continue Reading
What is a VA Loan, and Can You Use it to Buy a Golf Course Home in Scottsdale?
If you’re like many people searching for golf course homes for sale in Ancala, Desert Highlands, Kierland or a similar community, you’re looking at your financing options – and a VA loan might be one of them. But what is a VA loan, who’s eligible for it, and how does it work? What is a VA Loan? If you’re a veteran or active-duty member of the U.S. Armed Forces, or if you’re the dependent of a qualifying member, you could be eligible for a VA loan. Although these loans aren’t made by the Department of Continue Reading
Real estate trend: Buying a home with friends
Home ownership is a pretty common goal among adults, if you already have a primary residence maybe you are looking for a second home or investment property. However, what if you can't raise the funds and/or cover the mortgage on your own? A new real estate trend of purchasing a home with friends is making home ownership a reality for more people. But is it a good idea? A recent article in The New York Times cites that home buying with friends is becoming increasingly popular in major metro areas where home Continue Reading
Low mortgage rates continue to help boost real estate sales
The current low mortgage rates are unprecedented, and aren't really moving up just yet. But how low is low, and how long will they stay this low? According to Freddie Mac, the 30-year fixed mortgage, now the most popular mortgage product, is averaging 3.48% (September 22, see chart). When looking back at August of 2015, the rate has dropped from the 3.91% we saw then. For adjustable rate mortgages, the average is 2.8%, really unchanged as compared to the August 2015 rate of 2.74. So what do these Continue Reading
To buy or to rent your next Scottsdale golf home? 4 things to consider.
Maybe you’ve always dreamed of retiring in the Scottsdale area, or you visited friends here and love the plethora of available golf courses and communities. Whether you're looking for a primary residence or a winter residence, you may be wondering if you should buy versus rent. There are the typical things to consider, like the cost of a mortgage (principal, interest, taxes and insurance) versus what you would pay in rent, and how long you plan to live in your home. But The New York Times has shed some Continue Reading
