Our Mortgage Blog
How To Buy A House With Bad Credit?
Many potential homebuyers have decided to work on their credit before pursuing their dream of home ownership, and while this is a smart strategy overall, it's not outside the realm of possibility to be able to purchase a home with bad credit. With today's typical...
Renovation Loan, How Does it Work?
Buying a fixer-upper comes with expenses that aren't included in the purchase price of the home, so a traditional mortgage might not be the right loan product for you. If your next property needs renovations done to make the home comfortable and livable for your...
Interest Rates on Second Home Mortgage
A second home is only a dream for most Americans, but with the right planning, financial situation, and lender, it could be a reality for you and your family. According to NAHB estimates, there are more than 7.5 million secondary homes in the United States, and about...
What To Do If You’re Upside down on Your Mortgage
If you are looking to sell your home, the good news is that prices are still robust thanks to limited inventories. However, with a sharp increase in interest rates in 2022, you'll have to think strategically if you need to borrow to buy a new home in the current...
Everything You Need To Know About Homeowners Insurance
If you are a first-time or seasoned home buyer, it's important to understand the responsibilities that come with owning a home. Most lenders require homeowners insurance to protect the lender in case of an unforeseen loss or covered event. Learn more about what...
Are Cash-Out Refinance Rates Higher?
Cash-out refinancing is a great tool to fund home projects, pay off higher-interest debt, and give yourself a little more wiggle room in your monthly budget. Rates for a cash-out refinance are much lower than they would be for a personal loan, and tapping into the...
Housing Market Predictions Through 2022
There's no lack of activity in 2022's housing market between a slower stream of new houses, rising home prices, and now increasing mortgage rates. While none of these factors are individually responsible for the ebb and flow of the market, they each impact different...
Fed Raises Interests Rates .75% What This Means for Buyers and Sellers
Right now the United States is experiencing an ebb and flow within the economy and the housing market is part of these changes. With inflation increasing around the world, it only makes sense that America would need to start taking steps to combat it state-side. The...
What Happens if I Decide to Back Out of a House?
When purchasing a property, there are dozens of reasons the deal can fall through. If you decide to back out of an offer after it's accepted, you need to understand there are consequences that affect your finances. Backing out of an accepted offer can cost you your...
Best Places to Buy a Home in North Carolina
From the peace and tranquility of the soaring Blue Ridge Mountains to the pristine white sands of the Outer Banks, there's a place in North Carolina for everyone. Warm Atlantic waters and breezes that blow in off the Atlantic keep the state warmer than most. The...
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Fax: 480-393-7023
Call Us: 855-421-2753
tim@potempateam.com
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