Our Mortgage Blog
Everything You Need to Know About a Home Inspection
A comprehensive home inspection gives homeowners and prospective buyers a detailed description of a home's condition and what needs to be repaired. Home inspectors are third-party service providers, and they aren't involved in selling, advertising, or repairing...
Should I Sell My Current Property Before Buying a New One?
Whether you sell your current home before you go under contract with another home should depend on your financial situation, how long you expect it to take to move your household, how hot the market is in your location and the availability of homes currently on the...
How Does Earnest Money Work?
You're ready to buy a home and you're ready to make an offer. It's time to enter into a contract. Before the seller withdraws the house from the market, they need to know that you're serious about the purchase contract. An earnest money payment is a sort of deposit...
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...
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THE POTEMPA TEAM
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AZ License #BK-0904162
Fax: 480-393-7023
Call Us: 855-421-2753
tim@potempateam.com
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