Starting in 2014, there are tighter restrictions in home mortgage lending standards. These changes are likely to affect one group more than most others; first time homebuyers. If you are planning on buying your first house in 2014, follow these important steps to ensure that you are successful. Build and Maintain your Credit Score: First […]
Author Archive | Richard Simon
How Much Home Can I Afford to Finance?
There are actually multiple answers to this question. There is what the bank says you can afford and there is the amount you really should be financing to ensure that you would be able to keep up the payments without fail. Other factors to consider include the amount of other outstanding debts you may have. […]
Should I List My Home During the Holidays?
As we approach the holiday season, the usual slowing in the housing market is occurring. The holidays are typically a slow time for the real estate market but there are still opportunities for those trying to get their home sold before the end of the year. There are still several factors working in the favor […]
Lower Interest Rates Equals More Home For The Money
Today’s interest rates have been at record lows, which has in part been fueling a strong housing recovery in Arizona and several other areas of the country. People are finally jumping back into the market, sensing that there may never be a better time to lock in these kinds of interest rates. While buyers know […]
When Can I Qualify to Buy a Home After a Short Sale or Foreclosure?
In recent years, millions of Americans have found themselves upside down in their home mortgages and when finances became tight and employers began trimming their work forces, many unemployed homeowners found that the only way out was to walk away from their homes. Some were fortunate enough to find a buyer and work with a […]
Important Considerations for First Time Home Buyers (Part II)
This is the 2nd of 2 part blog post geared towards first time home buyers. You can read part 1 here. 4. Work with a Top Realtor. After you know what you are looking for and what location to find in, it’s time to enlist the help of a top area real estate professional. Actually, […]
Important Considerations for First Time Home Buyers (Part I)
This is the first of many posts from Richard Simon, co-founder of Realty AZ Central. Richard is a new addition to our team of financial experts at FiscallySound.com and his expertise is in the fields of real estate and home mortgages. Please make him feel welcome and say hi in the comments below. Buying your […]