Finance

Why 5 Percent Mortgage Rates Are Not A Threat

Mortgage rates are on the rise. Could that derail sales? According to First American’s Potential Home Sales model, even if the 30-year fixed-rate mortgage rose to 5 percent, the impact on the housing market would be modest.   Many economists are predicting that the 30-year fixed-rate mortgage will average 5 percent by the end of […]

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Inside Scoop on Taxes and Homeownership

There are many different deductions you can have on your taxes thanks to being a homeowner, but you’ll want to be careful that you’re understanding them correctly. Here are some of the tax benefits of being a homeowner and things to watch out for with each one.    Energy-Efficient  Benefit: Making energy-efficient upgrades can count as

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Do You Spend Enough Time Shopping for a Mortgage?

According to some research done by Zillow this past year the different generations in America spend various amounts of time looking for homes and shopping for loans.    Home and loan buying trends: (data from Zillow) Baby Boomers: Spend 32 hours searching for homes Spend 8 hours searching for loans   Generation X: Spend 26 hours searching

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How to Still Save for a Home During the Holidays

You’ve been saving all year for the new home you’re hoping to buy in 2017, and you’ve almost reached your goal, but you’re worried about staying on track with the holidays. Sound familiar? We all know that during December, wallets tend to get slimmer. How can you still save during the holidays so that you

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How do you Know how Much Home you can Afford?

When you’re getting pre-qualified for a mortgage, there are certain things that lenders look for and somethings they don’t. Is the loan amount you qualify for really what you can afford? Not necessarily. Let us explain.    What Lenders Look At Lenders are looking at a few different things. They are looking at your credit

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AZ Real Estate Investments Have Bright Future

If you’re planning to buy a home in Phoenix, Flagstaff or Prescott, do it now, because prices are going up for the next few years. Investments in single-family rental properties have good potential mainly in Phoenix. Apartment developments have the best potential in Phoenix, where splitting homes into rental units is also attractive, and in

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How to Give Your Grown Kid the Holiday Gift of Money Smarts

5 suggestions for presents with staying power Here are Santa Kerry’s five money-smart suggestions to consider: 1. Cash alternatives No one ever complains about receiving cash. This year, earmark it toward a savings plan. Three options I discussed in this Next Avenue column: buying U.S. savings bonds, funding a 529 college-plan account and putting money

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