Our Mortgage Blog
What Is a Bridge Loan and How Do They Work?
If you're still in the ideation stage of selling your home, you're probably starting to get pretty excited about beginning the next chapter of your life in a new home. At the same time, you're probably already aware of some potential timing pitfalls with real estate...
October 2022 California Housing Market Trends
Current California home prices are hovering around $775,000, an 11% decrease over the same period last year. The California Association of Realtors predicted the following trends for 2022: Existing single-family home sales are forecast to total 416,800 units in 2022....
October 2022 Arizona Housing Market Trends
Arizona has one of the hottest real estate markets in the nation and has for the past few years. You may wonder if you should invest in Arizona real estate in the current seller's environment. Here is an overview of what the market will look like in October 2022 and...
How Much Are Closing Costs in AZ
When you buy a home in Arizona, it's essential to budget for closing costs and factor that into your buying decision. Closing costs include things like paying for appraisals and credit checks. However, these costs vary significantly from lender to lender. Therefore,...
Tim Potempa Tackles Common Home Buying Myths
Want to buy a home, but need to know if you can afford it? In today's housing market, many prospective homebuyers still wonder if they need to make a 20 percent down payment. Tim Potempa, President, and Founder of the Potempa Team, recently sat down with Terri...
September Mortgage Market Review 2022
Mortgage rates remain volatile at the end of the third quarter. With 30-year fixed rates falling to 4.99% on Aug. 4 and rising to 6.02% on Sept. 15, homebuyers may wonder when they should make an offer. Interest rates rose 2.48% in the first six months of 2022,...
How Much Is Needed for a Down Payment on a Home?
With a hot residential real estate market and US homes averaging under $440,000, you may wonder how you can afford a down payment on your dream home. In this article, you'll learn the importance of offering a down payment to remain competitive in the current seller's...
Tips on How to Prevent Foreclosure With Your Lender
Foreclosure is a situation no mortgage holder wants to face. Generally, when a borrower has defaulted on the home loan terms by not keeping up with the scheduled payments, a lender can start foreclosure. Foreclosure is when a mortgage lender starts a legal process...
Benefits and Drawbacks of a Mortgage Refinance
Mortgage refinance is an option in the mortgage industry that's sometimes misunderstood. A mortgage refinance is when you obtain a new mortgage with more favorable terms for your home. It takes the place of the original mortgage. These are relatively popular. On...
The Difference Between a Foreclosure and a Short Sale
If you're like most people, you've undoubtedly heard of foreclosures on property, but the term "short sale" is a little less common. What's is common, however, is significant confusion about what short sales are and how they differ from foreclosures — many people even...
