Real Estate Education

Tammy’s Tuesday Tip

January 24, 2011

5 Reasons to Buy a Home in 2011 ▪ Mortgage rates will stay low. Even with rates climbing — maybe to as high as 6 percent by 2012 — they are still well below where they have been historically. ▪ Tax cuts could help. Extending the tax cuts could encourage a more rapid recovery for [...]

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Low Interest Rates

November 5, 2010

I am sure many of you have pondered the question ”Why are interest rates so low?” so I received the following answer from a lender here in town.  This is what she had to say… 2010 has been a wild year for mortgage rates.  Back in March when they were at a whopping 5.25%, the government stopped their [...]

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Take the Stress Out of Home Buying

October 9, 2010

Buying a home should be fun, not stressful. As you look for your dream home, keep in mind these tips for making the process as peaceful as possible.  1. Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that [...]

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Mortgages Hit Lowest Levels Since 1950s

October 9, 2010

Thirty-year fixed mortgages slipped to 4.27 percent this week, the lowest on records dating back to 1971, from 4.32 percent last week. A drop in interest on 15-year loans to 3.72 percent from 3.75 percent, meanwhile, was the lowest on records dating back to 1991. Freddie Mac also reported that the five-year adjustable-rate mortgage fell [...]

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Anti-Deficiency- What does it Really Mean?

October 5, 2010

There is a lot of mis-information in the real estate world about the Arizona Anti-Deficiency Statute.  Many Realtor’s out there are telling their clients that if they short sell their properties that the deficiency between the loan amount and the short-payoff will be forgiven due to the “anti-deficiency” statute.  THIS IS WRONG.  The statute does [...]

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