We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago. There are two very good reasons that the loan process is much more onerous on today's buyer than perhaps any time in history. The government has [...]
Tue, Oct 20, 2015
REMTW
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide! The other interesting findings in the report include: Interest rates have remained low and even though home prices have appreciated around the country, they haven't greatly outpaced rental appreciation. “In the past year, these two trends have made homeownership even more [...]
Tue, Oct 20, 2015
REMTW
Home Equity You May Have More Than You Think 2
CoreLogic recently released their 2015 2nd Quarter Equity Report which revealed that 759,000 properties had regained equity in the last quarter. That means that 91% of all mortgaged properties (approximately 45.9 million) are now in a positive equity position. Anand Nallathambi, president and CEO of CoreLogic, reported: “For much of the country, the negative equity epidemic is lifting. The biggest reason for this improvement has been the relentless rise in home prices over the past three years which reflects increasing money flows into housing and a lack of housing stock in many markets.” Obviously, this is great news for the financial situation [...]
Thu, Oct 08, 2015
REMTW
Pending Home Sales Remain Steady 2
The National Association of REALTORS' just released the results of their latest Pending Home Sales Index, which showed a small 1.4% decline in signed contracts in August. Pending sales remain strong year-over-year as they were 6.1% higher than August '14 and have now risen for 12 consecutive months. What is the Pending Home Sales Index (PHSI)? NAR's PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales. In every major region of the country, pending sales are up year-over-year as [...]
Thu, Oct 08, 2015
REMTW
Payoff Your Mortgage Faster!
Want to pay your mortgage off faster and saves thousands in interest? Here's a real life example of how this All In One Mortgage works: Want me to run your scenario? Call me today at 602-705-6293 www.SpencerAnglin.com Download the AIO Mortgage Brochure [...]
Wed, Sep 23, 2015
REMTW
Wed, Sep 23, 2015
REMTW

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