Rod Dennis Blog

Here is a breakdown for a friend of mine who is borrowing $280,000 on a home purchase. I have shown him 4 different options based on today's rates. For this guy, I am recommending the 15 year fixed. He has the cash flow to make the payments and the savings would be hard to pass up. http://mcedge...

Here is an analysis I did for a client of mine using some new software I have invested in. This particular client owes $400,000 at 5% and wants to see the value in refinancing. Here also is a link the the live presentation where I discuss and explain the transaction. What is No Fee Financing?

Have you been floating a mortgage rate? It may be time to lock. At 8:30 AM ET Friday, the government’s Bureau of Labor Statistics will release its November Non-Farm Payrolls report. Better known as “the jobs report”, the monthly Non-Farm Payrolls figures provide sector-by-sector employment data,...

Standard & Poor’s released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide. As compared to August, home values fell throughout 17...

If you plan to buy of new construction in AZ sometime in 2012, don't expect today's low prices. Like everything in housing of late, the market for newly-built homes appears to be stabilizing and, in some markets, improving. As foreshadowed by this month's strong Homebuilder Confidence survey, th...

Maximum Leverage Using Conventional Financing. - Let the lender pay for everything! Problem: Buyer has 5% down, but a limited amount of cash to pay for the other expenses of buying a home. Solution: Have the lender pay all the fees and the pre-paid items. While guidelines require that the borrowe...

Home improvement projects are booming, expected to cross $110 billion in total volume this quarter. Unlike in recent years, however, the projects aren't helping to create much new home equity. According to Remodeling Magazine'sCost vs Value Report 2011-2012, for each home improvement dollar spen...

The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, October Existing H...

After a brief return to lower, pre-2009 levels, FHA loan limits have been restored. As signed into law last Friday, maximum FHA loan limits are -- once again -- as high as $729,750. The move creates additional mortgage financing possibilities in more than 650 U.S. counties, and promises to increa...

Carbon monoxide is an odorless, colorless, poisonous gas. It kills more 400 people die in their homes each year. Carbon monoxide poisoning is especially common during periods of power outage. This is because homeowners throughout Phoenix fire up their personal home power generators. Home generat...