Down Payment Assistance Blog

Get the latest updates on down payment assistance in Arizona.

Why Doesn’t Arizona Observe Daylight Saving Time?

The last thing the majority of Arizona needs is to save is daylight. On a July day in Phoenix or Tucson, when the high is 114 degrees, the faster the sun goes down, the better. Daylight Saving Time in the United States is the practice of setting the clock forward by one hour during the […] READ MORE

What to do if Your Appraisal Comes in Low

Unless you are one of the 23 percent of the population (as of January 2017) lucky enough to pay cash for a residential home, you are at the mercy of the lenders to appraise your next home at the value you need in order to obtain a mortgage. A home appraisal is a process the […] READ MORE

Is Now the Time to Buy?

Ask any real estate agent and they might tell you that the proverbial “now” is always the right time to buy, probably because their income depends on it.  But, there are hard facts to prove that now is a great time to buy a home.  If you ever needed a reason to buy and really […] READ MORE

The Tax Cuts and Jobs Act – The 2017 Tax Reform Bill

The Republican leadership in the House released its long-awaited bill to reform the nation’s tax code, the “Tax Cuts and Jobs Act.” There are a lot of details tucked in a lengthy bill, that will be exposed and litigated publicly in the coming days, but for now, most GOP members, representing a variety of constituencies […] READ MORE

Impact on California Real Estate after the Wildfires

Firefighters continue to battle the 22 large wildfires that continue to burn through seven counties in California, including the famed wine-producing areas of Napa and Sonoma.  About 3,500 homes and buildings have been incinerated by the blazes, which have ravaged about 170,000 acres, mostly in Northern California. (That’s larger than the island of Manhattan.) The […] READ MORE

Mortgage Rates Highest Rate in 3 Months

Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 3.94 percent from 3.88 percent last week. At this time last year, the benchmark rate was 3.47 percent. The historic average was roughly 6 percent. This means that the 30-year fixed-rate increased to its highest point in the past […] READ MORE

Second Opinion on Your Mortgage

I don’t know about you, but when I start the process of buying anything of value, something I want to last, whether it’s a new pair of hiking shoes, or a new mattress I start by doing my research. When it comes to bigger items along with my research, I add reviews and opinions of […] READ MORE

Equifax Breach is Bad News for Home Buyers

The recent breach of personal consumer information from the national credit bureau Equifax could affect home buyers significantly.  Home buyers and mortgage applications have a significant amount of information on file at the bureaus that could potentially turn into trouble for some in the future. Equifax says that as many as 143 million consumers’ personal […] READ MORE

What to Expect After the Storms

2017’s hurricane season has been treacherous.  Luckily South Florida was spared the worst of Hurricane Irma’s 185 mph winds, Houston didn’t fare as well with Hurricane Harvey and Puerto Rico is still in a state of devastation after Hurricane Maria. With well over a month and a half of hurricane season left, what does the […] READ MORE

Reverse Mortgages

A reverse mortgage can be a challenge to explain or understand, even for people who have plenty of financial experience. What Is a Reverse Mortgage? At its core, the reverse mortgage is a home equity loan that’s designed to help seniors tap into the equity in their homes. In sum, it’s a financial agreement in […] READ MORE

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