Tim Potempa Tackles Common Home Buying Myths

Oct 1, 2022 | Arizona Mortgages, Mortgage

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

Sep 22, 2022 | Mortgage

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?

Sep 20, 2022 | Mortgage

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...

Tips on How to Prevent Foreclosure With Your Lender

Sep 15, 2022 | Mortgage

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

Sep 13, 2022 | Mortgage

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

Sep 8, 2022 | Mortgage

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...