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Scottsdale Golf Homes

Carmen Brodeur Specializes in Golf Homes and Condos in Scottsdale AZ

By Carmen Brodeur- Top 1% Realtor | Agent in Scottsdale, AZ
  • Should You Refinance Your Paradise Valley Home?

    Posted Under: General Area in 85253, Market Conditions in 85253, Financing in 85253  |  June 7, 2011 12:57 PM  |  1,280 views  |  1 comment

    Deciding whether or not you should refinance your Paradise Valley AZ home depends on many factors. Interest rates are currently at historic lows and are probably lower than your current interest rate. Ultimately, whether to refinance depends how refinancing will improve your present paradise valley homes and real estatemortgage payement. As the economy improves, interest rates will increase. If you are considering refinancing you should speak to a loan professional sooner rather than later.You may want to shop around to find the very lowest rates and the best deal.

    You should pay close attention to the cost of refinancing. Many times, the costs of the loan are rolled into the loan, significantly increasing the new loan amount.

    If you have any questions about refinancing your Paradise Valley home please feel free to contact me. I can refer you to several excellent loan professionals in Paradise Valley AZ.




    Carmen Brodeur
    Realtor | Attorney
    The Brodeur Luxury Group | Trillium Properties
    8755 E Bell Road, Suite 108 | Scottsdale AZ 85260
    Cell (602) 791-0536
    Direct (800) 300-0263
    Carmen@TopScottsdaleHomes.com
    www.TopScottsdaleHomes.com


    www.ParadiseValleyAZ.com
    Paradise Valley Homes for Sale
  • Mortgage Rates Hit A New Low for 2011

    Posted Under: General Area in Paradise Valley, Home Buying in Paradise Valley, Financing in Paradise Valley  |  June 6, 2011 11:09 AM  |  996 views  |  5 comments
    How low can they go? Freddie Mac reports that mortgage rate dipped again this week. They have been steadily dropping for almost 2 months. Here is a look a current interest rates:


    30-year fixed-rate mortgage: The 30-year fixed-rate mortgage dropped this week to an average of 4.55 percent. Last week it had hit a 2011 low at 4.60 percent.
    15-year fixed-rate mortgage: The 15 year fixed rate dropped to 3.74 percent this week. It was  3.78 percent last week. Last year at this time, 15-year rates averaged 4.20 percent. montelucia villas for sale
    5-year adjustable-rate mortgage: It held steady at 3.41 percent this week. A year ago, the 5-year ARM averaged 3.94 percent.

    Low interest rates equal cheap money. Just another reason that this is the year to buy your next home or real estate investment.

    Looking for Paradise Valley homes? Use the links below or call me for a private showing of any paradise valley real estate.



    Carmen Brodeur
    Realtor | Attorney
    The Brodeur Luxury Group | Trillium Properties
    8755 E Bell Road, Suite 108 | Scottsdale AZ 85260
    Cell (602) 791-0536
    Direct (800) 300-0263
    Carmen@TopScottsdaleHomes.com
    www.TopScottsdaleHomes.com

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    View all Paradise Valley AZ Homes for Sale
    View all Paradise Valley Foreclosures
  • Preparing to Apply for a Mortgage

    Posted Under: Market Conditions in Paradise Valley, Home Buying in Paradise Valley, Financing in Paradise Valley  |  May 28, 2011 2:35 PM  |  1,216 views  |  1 comment

    As a Troon North real estate specialist, I am often asked about the steps involved when applying for a mortgage. Applying for a mortgage has become a more lengthy process in the last few years. Gone are the days when you could get a no-documentation loan if you simply had a pulse. In general, most lenders now require extensive financial records from borrowers. paradise valley real estateTherefore, in order to apply for a mortgage, future home buyers must be prepared. Below I have outlined the five ways my clients looking at Troon Homes can make their loan application into a smoother process:

    The first step is to obtain a free credit report from Experian, TransUnion, or Equifax. Future borrowers should review the report for late payments or other inquiries, because they will have to be explained in writing. Also, any tax liens, open collections, or judgments must be taken care of in order to obtain a mortgage. The second step is for future borrowers is to organize all of their financial documents; obtain the pay stubs and bank statements for at least the past two months and have the federal tax returns, W-2’s, and 401(k) statements for 2009 and 2010. Accuracy of information is important. If there has been a change in information, such as change of name or address, then those changes must be reflected in the financial records.

    The third step is to keep finances simple for at least two months. Future borrowers should not make any questionable deposits into their accounts, because lenders will want to know the source of these funds. Lenders will want a written statement to explain these funds. Overdrawing must be avoided.

    The fourth step is for future borrowers to document their downpayments. If future buyers received large amounts of funds, such as from an inheritance, transfers from other accounts, or a 401(k), then they must have a statement from the institutions to validate those funds. Remember, any money that will be part of the downpayment must be in the borrower’s account at least two weeks before closing. Finally, future borrowers must have a stable work history for the past two years; future borrowers who have had temporary jobs or who have switched jobs should wait an additional year.

    After being approved, you can make your dream of owning a Troon North home into a reality.

    If you are interested in Troon Homes or would like view homes elsewhere in Scottsdale feel free to contact me directly at (800) 300-0263.

    Carmen Brodeur
    Realtor | Attorney
    The Brodeur Luxury Group | Trillium Properties
    8755 E Bell Road, Suite 108 | Scottsdale AZ 85260
    Cell (602) 791-0536
    Direct (800) 300-0263
    Carmen@TopScottsdaleHomes.com
    www.TopScottsdaleHomes.com

 
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