Is This the Year to Move Up to Your Dream Home? If So, Do it Early

It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys: The University of Michigan Consumer Sentiment Index National Federation of Independent Businesses’ Small Business Optimism Index CNBC All-America Economic Survey The Conference Board Consumer Confidence Survey It usually…

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories

The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure. Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales…

Points

Points, also known as discount points, are a one time fee a buyer can pay a lender to lower the interest rate on a loan (or just to procure a loan). Points are paid at closing, and equal 1% of the loan amount of a real estate property (for example, one point on a $100,000…

Types of Loans

There are many different types of loans available to assist people in buying homes. The following information is included for general informational purposes only. Much loan information is regional specific, varying from location to location. Ask your lender about specific information as it applies to your situation. If you have yet to select a lender,…

Preferred Lenders

Given all the different types of mortgages available, you may think you need to be a CPA to understand them. Never fear. The pages in this section will help make it easy for you. Preferred Lenders Michelle Pittman Branch Manager, Mortgage Banker Peoples Mortgage 7025 E. Greenway Parkway, Suite 800 Scottsdale, AZ 85254 480-282-6262 Office…