What Happens if I Decide to Back Out of a House?

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...

Potempa Team Business Name Update

We have decided to move forward with a slight change to our business name where we will be moving from the current name on our Facebook page that states Potempa Team – Fairway Mortgage – 454708 FIMC to The Potempa Team. 
Florida Sees Six Straight Months of Increased Rent

Florida Sees Six Straight Months of Increased Rent

With the popularity of short-term rentals and working remotely both rising over the last few years, it should come as no surprise to hear that rental prices have been increasing at a significant rate. Realtor.com posted their rental report showing that rent has grown...
Mortgage Broker Phoenix, AZ

Mortgage Broker Phoenix, AZ

For flexible underwriting and assistance with a down payment, call The Potempa Team today. We are the only mortgage broker in Phoenix, AZ, to offer custom loan terms and costs based on your affordability. Call us today to get started. Difference between mortgage...
What Exactly Is a 203K Loan

What Exactly Is a 203K Loan

A 203K loan is one which is offered by the FHA and is commonly referred to as a home renovation loan, because it includes the cost of both purchasing a home and renovating it. This kind of loan is generally applied for by individuals who have chosen to rehabilitate an...
Jumbo Mortgages in Phoenix, AZ

Jumbo Mortgages in Phoenix, AZ

Jumbo loans have been made available to the public these days in response to the constantly rising cost of home buying. Specifically, jumbo mortgages are those which are higher than the allowable dollar amount which are placed on homes by loan-servicing organizations...