Our Mortgage Blog
Is It a Buyer’s Market in Florida Right Now?
Florida is not currently a buyer's market because the inventory that's available is much less than the demand. The inequality between supply and demand means that prices are higher and competition is fierce for buyers. One of the most effective ways that home buyers...
Arizona Housing Market: Home Values Report
The Phoenix housing market is one of the hottest in the country right now and continues to break records. Prices are still rising because the supply of available homes is so low in Arizona that it's creating a dire situation. Healthy markets have a six-month supply of...
California Housing Market Report 2022: Part 2
Continuing our look at the California housing market for 2022 we have a top contender for most expensive market in California along with two more affordable areas to keep an eye on as the market cools off and becomes more buyer-friendly. There's no denying the appeal...
California Housing Market Report 2022: Part 1
As the historically low interest rates we've seen over the last couple of years finally begin to rise, it's expected that an increase in mortgage lending rates is soon to follow. This impacts both buyers and sellers as buyers will have to increase their budget to...
How to Get Funding for an Airbnb
Major banks don't have any loan products geared directly towards Airbnb rentals. However, there are loans for those who want to get into rental housing as well as a few other options for those who want to purchase a property to list on Airbnb. Funding for Airbnb...
How Fed Interest Rate Hikes Are Going to Affect Your Home Buying
Covid stimulus checks went a long way towards keeping the economy from crashing in 2020-2021, but we're paying the price for all that "free money" today. Inflation is out of control, and we're seeing price hikes now that haven't been seen in 40 years. The economy is...
How Much Equity Do I Need to Refinance?
Many homeowners take advantage of the refinance option to reduce monthly mortgage payments, lower interest rates or to get a shorter term on the mortgage. Another benefit of refinancing that many homeowners take advantage of is using the equity in their home to pay...
What Is the 28 36 Rule?
When you start looking for your dream home the first thing you should consider is affordability. Buying a home is one of the biggest financial decisions you'll ever make. You must know how much home you can comfortably afford and it's best to know this before you...
Paying Off a 30-Year Mortgage in 15 Years
Most homeowners opt for a 30-year mortgage because it is the most affordable option. This is especially true of first time homebuyers. Once you get settled in and are comfortable making your house payment each month, you may begin to wonder how you can pay off your...
Can You Refinance Your Mortgage at Any Time?
When you refinance your mortgage, you have to take out a new loan to pay off the old one. Reasons for doing this vary, but often lower interest rates motivate homeowners to refinance to save money on interest. Some homeowners want a shorter term to pay off the...
Get A Quote
THE POTEMPA TEAM
NMLS# 454708
AZ License #BK-0904162
Fax: 480-393-7023
Call Us: 855-421-2753
tim@potempateam.com