Phoenix Real Estate Blog

It used to be that if you had extra money left over at the end of the month after all the bills were paid, it was a good idea to send that extra to the mortgage company. When interest rates were at 8 or 9% paying off a mortgage early made sense. But today, with interest rates at 5%, that old conv...

News headlines recently have wondered whether housing market really have firm footholds in recovery. Only time will tell for sure, but markets across the country, including the Phoenix real estate market, continue to show signs of increasing strength. According to the widely used S&P/Case-Shiller...

Last week Bank of America announced a “pilot” program to reduce the principal balance on qualified mortgage holders (at the most only about 4% of all B of A homeowners in default). Two days later, the Obama Administration announced yet another change to the Home Affordable Modification Program. N...

Thinking about moving up in Scottsdale? Think about these questions: 1. Do you have enough equity to finance a down payment on a new home? Most conventional lenders look for at least 10% down. FHA will guarantee loans with 5% down. 2. Can you afford a bigger mortgage? Can you afford the expense o...