If you’ve been keeping up with the news, you know that the Federal Reserve has cut its target interest rate to near zero percent for mortgages – but what does that mean to you, either as a buyer or a seller? Here’s what you need to know. What Will a 0% Interest Rate Mean if You’re Buying or Selling a Home in Scottsdale? The Federal Reserve has done two emergency rate cuts so far, and now the federal funds rate is between 0% and 0.25%. The move is designed to stimulate the economy – and it does that by Continue Reading
Mortgage Loan Preapproval Basics
If you’re buying a golf course home for sale in Arizona, you’ll probably need a mortgage – most people do. Part of that includes mortgage preapproval, which can help you land the home of your dreams. But there are a few things you need to know about loan preapproval, including: How long it takes to get preapproved for a mortgage Whether mortgage preapprovals affect your credit score Whether you can get multiple preapprovals for a mortgage Whether you can be denied a loan even if you’ve been Continue Reading
Home Financing 101: What You Need to Know About Mortgage Loans
If you’re like most people buying a golf course home for sale in Scottsdale, you need to work with a lender to get financing. But there are a lot of myths about the way home loans work – so how much do you know? Home Financing 101: What You Need to Know About Mortgage Loans A mortgage is a loan you borrow from a lender to buy a home. There are several types of mortgage loans available, including fixed-rate and adjustable-rate, as well as loan products, such as VA loans and others. Your best bet is to talk to Continue Reading
