Valley of the Sun Real Estate Show
The show about anything and everything YOU need to know about YOUR Real Estate needs in Phoenix Arizona and surrounding areas of the Valley of the Sun.

Categories

Busines
general
Business

Archives

2017
March
January

2016
December
November
October
September
August
July
June
May
April
March
February
January

2015
December
November
October
August
July
June
May
April
March
February
January

2014
December
November
October
September

May 2015
S M T W T F S
     
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31

Syndication

6 Questions you should be asking a Realtor before you Hire them

In this episode of Valley of the Sun Real Estate Show I have composed some good questions you should be asking your Realtor before you hire them to sell your Arizona Real Estate. If you ask your Realtor these 6 questions then you will have a good understanding if they should be representing you for all your Arizona Real Estate needs. 

www.ValleyoftheSunRealEstateShow.com

Direct download: 6_questions_you_should_Aske_you_Agent_before_you_hire_them.mp3
Category:Busines -- posted at: 12:40pm PDT
Comments[0]

Tax Advantages of Home Ownership

In this episode of Valley of the Sun Real Estate Show I will be going over some of the tax advatages of owning a home. If you are looking for a little extra when it comes to your taxes then owning a home can help. Find out what the tax advatages are.

www.valleyofthesunrealestateshow.com

Direct download: Tax_advantages_of_home_ownership.mp3
Category:Busines -- posted at: 12:21pm PDT
Comments[0]

Real Estate Scams in Phoenix Arizona

In this episode of Valley of the Sun Real Estate Show I will be going over some real Estate scams that you should be aware of and look out for. This topic really upsets me when I here if people taking advantage of others it just really upsets me. 

Maricopa.gov

Valley of the Sun Real Estate Show

Direct download: Real_Estate_Scams.mp3
Category:Busines -- posted at: 5:37pm PDT
Comments[0]

All you need to know about Solar when Purchasing a Home in Phoenix

In this episode of Valley of the siun Real Estate Show I will be going over what you need to know when purchasing a home with Solar as part of the home. There are some keys that you need to be aware of before you get into purchasing ahome with Solar. 

 

Jayson Bates

602-573-3101

www.valleyofthesunrealestateshow.com

Direct download: Financing_Solar_for_your_Home_final.mp3
Category:Busines -- posted at: 6:16pm PDT
Comments[0]

What is Loan to Value and how does it Effect my Payment?

www.valleyofthesunrealestateshow.com

@jaysonbates

YouTube

Several factors affect the mortgage rate you can obtain when you purchase a home. Lenders analyze credit histories and scores of all borrowers listed on the mortgage application, length and stability of your employment, the amount of your savings set aside, your total monthly income, and your debt to income ratio. In addition to these important aspects of financial health, mortgage lenders also take into consideration your loan to value ratio. This calculation represents the amount of the purchase price for the new home that is covered by a mortgage loan as a percentage. A lower loan to value ratio results in less equity ownership in your home, which creates higher mortgage payments each month.

Calculating the Loan to Value Ratio

You can easily calculate the loan to value ratio on their home by dividing the total mortgage loan amount into the total purchase price of the home. For instance, a home with a purchase price of $100,000 and a total mortgage loan for $80,000 results in a loan to value ratio of 80%. Conventional mortgage lenders often provide better loan terms to borrowers who have loan to value ratios no higher than 80%.

Implications for Home Buyers

There are a number of programs available to home buyers that allow for a down payment that is less than the traditionally recommended 20%. Mortgage loan providers, including the Federal Housing Administration (FHA), offer home loans with as little as 3.5% down payment, while other lenders have options for borrowers that have as low as a 3% contribution. Although these programs are beneficial to buyers who are unable to save enough for a large down payment, these borrowing options result in a much higher loan to value ratio, which results in greater costs.


Mortgage insurance, referred to as 
private mortgage insurance (PMI) for non-government mortgage lenders, is calculated as a percentage of the original loan amount each year. This charge ranges from 0.3% to 1.15% depending on the size of the down payment and the total purchase price, and it is added on to the mortgage payment each month. When combined with a higher interest rate, PMI can be a substantial cost for you over time. You can request cancellation of the PMI premium when they reach 20% equity ownership, and lenders are required to cancel it once the loan to value ratio of the home reaches 22%.A high loan to value ratio occurs when borrowers have less than 20% equity in their homes, resulting in higher mortgage payments over the duration of a mortgage loan. This is due, in part, to increased interest rates assessed by mortgage lenders. A borrower who has less equity in his home is perceived to be a greater risk to the lender, and a higher interest rate can mitigate that risk. In addition to costlier interest rates, home buyers with high loan to value ratios are often required to pay mortgage insurance premiums until they have reached greater equity ownership stakes.

Direct download: LTV_and_what_it_means_final.mp3
Category:Busines -- posted at: 1:38pm PDT
Comments[0]

In this episode of Valley of the Sun Real Estate Show You will learn the difference between PMI and MI and the different options you have with PMI that you do not have with MI. If you are looking to purchase or refinance a home and need Mortgage insruance then this is the show for you. 

MI Rate Finder

Valley of the Sun Real Estate Show

@Jaysonbates

 YouTube

Direct download: MI_vs_PMI_final.mp3
Category:Busines -- posted at: 6:24pm PDT
Comments[0]

1