During a recent loan pre-qualification process a mortgage applicant disclosed that he wanted to put 10% down on the purchase using money from his 401(k). We quickly pointed out that this may not be a good idea – considering the impact of taxes, withdrawal penalties and loss of future earnings. Additionally, since this borrower [...]

I’ve written plenty about the importance of having a good credit score and maintaining a clean credit report. From getting a job promotion to finding the right spouse, your credit score can play a much more ubiquitous role than ever before. That was then, but this is now. In today’s changed lending landscape your perfect [...]

Short sales and bank owned properties (REO) seem to be in hot demand these days in the Phoenix area. Why shouldn’t they be? For many, these properties can make perfect sense plus there are lots of them to go around. According to Phoenix area real estate agent Jonathan Dalton there are currently over 5000 short [...]

Cell phone ring tone “If you”re happy and you know it clap your hands”
Pause……
Ring tone again “If you”re happy and you know it clap your hands”
Call answered:
“Hello, CTX, how can I help you?”
“Oh hi, this is Agent Realtor”
“Hi, Agent, how are you today? It’s pretty hot out isn’t it?”
“Yeah it is, I’m doing good, thanks… hey [...]