FICO® - What is it and why does it matter FICO stands for The Fair Isaac Corporation, created in 1956 by Engineer Bill Fair and Mathematician Earl Isaac. Since then FICO® Scores have helped lenders make more informed and efficient credit-granting decisions across various industries. FICO Scores are based on credit information housed at each [...]
Scottsdale Arizona Custom Home Waiting until after the hectic holidays to sell your home? Think again. Did you know that buyers looking for a home during the holiday season are some of the most serious buyers all year? So, if you're thinking of selling, don't wait until spring to list your home for [...]
Average US rate on 30-year mortgage edges up to 4.02%. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage edged up to 4.02 percent this week from 4 percent a week earlier. The rate on 15-year fixed-rate mortgages slipped to 3.21 percent from 3.23 percent. Low Mortgage Rates Are [...]
Properties in Flood Zones Getting mortgages for properties in flood zones can be frustrating. Buying a house that's located in a flood zone won't affect your mortgage eligibility, but indirectly it is going to make the purchase more costly. If your new home is in a flood zone, your lender is likely going to require [...]
VA Home Loan FAQs Veteran Benefits Veteran benefits Scottsdale real estate Arizona research has found that if you're a veteran, service member or veteran's surviving spouse, you may qualify for a home loan from the Department of Veterans Affairs (VA) to help you buy, build, repair, retain or adapt a home. Your mortgage [...]
Mortgage rates rising - Buyers Beware | Scottsdale Real Estate Notice to potential homebuyers. Mortgage rates rise for second week in a row. Average fixed mortgage rates up slightly for the second week in a row, according to Freddie Mac’s weekly Primary Mortgage Market Survey. “Mortgage rates crept up further following the uptick [...]
Article by: by Emily Dressler 12.12.13 Private Seller Financing and Dodd Frank Regulations The Dodd Frank Wall Street Reform and Consumer Protection Act was initially passed in 2010 in response to the mortgage crisis and the late-2000s recession. This Act has brought significant changes to financial regulations, and with new regulations taking effect [...]
Mortgage Debt Forgiveness Act - Extended Through 2013 Good news for those who are contemplating or completing a short sale, the Mortgage Debt Forgiveness Act has been extended through 2013. If you had mortgage debt forgiven this past year, whether it was through a short sale or perhaps mortgage modification then you [...]
Why Pay Your Landlord's Mortgage? Invest your rent. It makes financial sense because the only one who benefits from a rent check is the landlord. Renters never see that money again, while homeowners usually profit when they sell. In addition, renters can't use any of their rent payment as a tax deduction, like [...]
Many homeowners are shocked when they get a look at their credit reports. Even those who pay their bills on time and maintain low credit-card balances can have a less-than-perfect rating. How is that possible? Your credit picture reflects a number of different aspects of your borrowing behavior. For example, you may have several open [...]