Scott Skinner's (scottskinner) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
Most people list dieting as the #1 on new years resolution. I think everyone, no matter how old , how thin, or how fit would like to cut a few pounds. Now is the time of year that you want to kick that calorie burn into high gear. Here is a great list I found that an expert put together as  a lis...
01/02/2009
Sales have picked up for several reasons. Another big reason is  Lower home prices - Lower home prices , yes, prices are going down, especially here in the west, and specifically, Phoenix, Scottsdale, Fountain Hills and other East Valley cities where we saw one of the biggest national drop. Inven...
12/29/2008
Sales have picked up for several reasons. One big reason, is the easing of interest rates - simple. Lower interest rates allow one to buy the same home with a more affordable monthly payment. Although, credit is a little more difficult to come by. Stricter lending terms, larger down payment requi...
12/29/2008
Wow, Mortgage applications surged to the highest level in over five years!! This has to be good news. People either want to buy. Which we need. Or they are trying to stop foreclosures by refinancing. Which we need. According to the MBA , potential borrowers came out in droves to refinance as gove...
12/24/2008
Think about it like this. If you could go to Las Vegas, wager and win keep you profits would you? If you do not win, the house would come and give your money back in the form of a low interest loan and say ‘try again'. Now, with this new found money, you have a second chance. If this second chang...
12/24/2008
There was some less than positive news earlier. The NAR reported Sales of existing homes plunged far more than expected last month as buyers recoiled from October's financial wreckage on Wall Street. The median sales price fell by the largest amount on record. The National Association of Realtors...
12/23/2008
Are we headed to 0 % or ZIRP (Zero interest rate policy?) Not since the 1930's, (after the Great Depression) have we had ZIRP monetary policy. However, I am hearing it more and more... and it may not be that far-fetched, since we have seen rates drop 2 points about 2 months, , another 2 ¼ points ...
12/22/2008
Here is a breakdown and purpose of some of the legislation in the package titled the Hope for Homeowners Act HOPE for Homeowners Act would create a new initiative within the Federal Housing Administration to refinance mortgages of distressed home owners. funding for foreclosure prevention counsel...
12/22/2008
This 100% equity program allows people who want to buy to enter into an option agreement to purchase the property anytime within 12 months if they choose. The buyer pays rent each month all of which gets deposited in an escrow account on their behalf; rent accumulates as equity towards a maximum ...
12/21/2008
Great Tool for ConsumersSearching for homes in Scottsdale, Paradise Vally, Fountain Hills, Peoria, etc.. can be a daunting process. There are roughly 60,000 homes for sale in the greater Phoenix area (Maricopa County) if you include the AZ regional Multiple Listing Service (MLS) , For Sale By Own...
12/14/2008
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