TITLE INSURANCE: QUIET BUT POWERFUL PROTECTION FOR BOTH BUYERS AND LENDERS When homebuyers get their closing cost estimates they inevitably find that a certain portion of their funds goes to pay for title insurance. Title insurance is seen by them and often by the real estate industry as a “necessary evil,” as how most feel […]
2 Myths Holding Back Home Buyers
October 30, 2019 by ·
Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.”Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save for the down […]
TITLE INSURANCE: QUIET BUT POWERFUL PROTECTION
July 5, 2019 by ·
When homebuyers get their closing cost estimates they inevitably find that a certain portion of their funds goes to pay for title insurance. Title insurance is seen by them and often by the real estate industry as a “necessary evil,” as is insurance of any kind. What most individuals don’t realize, however, is that stories […]
How to Prepare for Your Home Purchase
July 10, 2018 by ·
How to Prepare for Your Home Purchase Buyer Credit Approval is such a great way for homebuyers to prepare for their new home purchase. Since Underwriters are the only ones that can approve or deny a loan, having a Credit Approval on your home loan prior to shopping will give you the confidence that your loan […]
There’s More to a Bubble Than Rising Home Prices
January 10, 2018 by ·
What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s fundamental value, but the real key […]
Don’t Let Fear Stop You from Applying for a Mortgage
December 5, 2017 by ·
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be. In order to qualify in today’s market, […]
Why Is There So Much Paperwork to Sign to Get a Mortgage?
November 25, 2017 by ·
We are often asked why there is so much paperwork mandated by the lenders for a mortgage loan application when buying a home today. It seems that the lender needs to know everything about the borrower and requires separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the […]
InfoGraphic: The Mortgage Process
June 30, 2017 by ·
Karen Jones is a Licensed Mortgage Loan Officer (NMLS 307015) serving Arizona and California. As a Banker of over 39 years, she is dedicated in ensuring that her clients are well educated and prepared for their new home purchase.
The Foreclosure Crisis: 10 Years Later
April 13, 2017 by ·
CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire […]
Mortgage Standards Easing TOO MUCH? NO!!
October 29, 2016 by ·
There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis. Let’s put everything into the proper perspective. Mortgage Credit Availability Over […]
