Buying Phoenix real estate doesn't just give you a place to live; it can also be a very smart financial move. This is because owning a home can be like having a forced savings account, which you are committed to for the long term. Consistent Saving On Autopilot Sometimes saving money on our own each month is difficult. It takes a lot of discipline to maintain a consistent savings plan. However, paying your mortgage every month means that you are paying down the principal and working toward eventually owning the property outright. In the early years of the mortgage, the payments will go … [Read more...]
Clever Tips for Paying Off Your Home Mortgage Faster
Paying off the mortgage on your Phoenix home faster not only means that you’ll be able to enjoy the peace of mind that comes with completely owning your property earlier, but you may also save thousands of dollars in interest payments. Below are seven clever tips to help you get your mortgage payments on the fast track. 1. Save for a large down payment Pay as large a down payment as you can reasonably afford. The more you can put down, then the less you’ll have to borrow from the bank. 2. Read the fine print When you are choosing a mortgage, look at the fine print to find out if … [Read more...]
When Can You Buy Real Estate After Foreclosure?
If you lost your Phoenix home due to foreclosure, you probably haven't given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow you an opportunity to buy that new home sooner than you think. There are a few guidelines that lenders follow to determine when you’ll qualify for financing after foreclosure. Arming yourself with this information may help you qualify again for a mortgage. Foreclosure With Extenuating Circumstances Generally, lenders will take into consideration any extenuating circumstances surrounding … [Read more...]
6 Tips For Buying An Older Home
Older Phoenix homes sometimes offer more charm and character than the newer houses of today. They boast gabled roofs, crown moldings, hardwood floors and antique fixtures. Buying an old house is like buying a piece of local history. Its beautiful period features can give it a timeless beauty and grace that is hard to resist. However, buying a house from another era can be an endeavor fraught with potential problems. Older houses are not necessarily built to the same electrical or plumbing standards of today. Plus, if they have not been maintained correctly through the years, they can turn into … [Read more...]
Reasons To Attend Your Own Home Inspection
As a home buyer in Phoenix , you can get a feel for whether a home's systems and appliances are in working order. However, you can't know for certain until after the home's been inspected. This is why real estate agents recommend that buyers hire a licensed home inspectors immediately after going into contract. It's the best way to really know the home which you're buying. By definition, a home inspection is a top-to-bottom check-up of a home's physical condition and systems, including a review of the structure, and its plumbing and electrical systems. Home inspections are not the same … [Read more...]