3 Hacks for Refinancing Your Mortgage in 2018

3 Hacks for Refinancing Your Mortgage in 2018

3 Hacks for Refinancing Your Mortgage in 2018Planning on refinancing your home this year? If the mortgage interests rates are lower than when you purchased then you can reduce your monthly mortgage payments. Here are 3 hacks for refinancing your mortgage in 2018.

1.) Loan Term Reduction: If you have a 30-year mortgage that you’ve had for several years then choosing a shorter-term refinance, such as a 15- or 20-year mortgage may allow you to enjoy a lower interest rate. You also might consider refinancing a fixed-rate loan into an adjustable-rate mortgage, or ARM. Those tend to come with lower interest rates, at least during the initial years before the rate starts “adjusting.”

2.) Clean Up Credit: Having a strong credit score in the months before you apply for a refinancing loan can help lower your interest rate. So be sure you’re paying your bills on time and not opening or closing any other credit accounts during this time that could impact your credit score. Also, be sure to get a copy of your free annual credit report to check for any discrepancies and resolve any old debts.

3.) Plan Your Move: Mortgage rates can fluctuate, so you have to get the timing right and know when to lock in the best refinancing rate. Rates on 30-year mortgages tend to follow the yield on the 10-year Treasury bond and are influenced by actions taken by the Federal Reserve to raise or lower rates. Work with a qualified loan officer who understands how rates are behaving and can help you pounce after a news event has pushed rates down.

If refinancing isn’t in your plans but selling your Phoenix home is, or if you’re ready to buy a home in Phoenix this year, please contact The Voss Team today!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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Beautiful Moon Valley Phoenix Home Just Listed

Beautiful Moon Valley Phoenix Home Just Listed

Beautiful Moon Valley Phoenix Home Just ListedIf you lived here, you’d be home now! This fabulous four bedroom home in the sought after Moon Valley Country Estates Community is rich with space and near many desired amenities.  There’s an additional closeted room that could be used for a den, library, craft room or storage. You’ll also love the open kitchen with stainless steel appliances, granite counter tops, and glass inlaid cabinetry.

This ranch style 2,551 square foot home boasts 2.75 bathrooms and is tastefully painted and also features welcoming wood floors with decorative inlays and a stately fireplace to keep you warm in the winter. French doors face the large backyard which has mature vegetation and shade trees, mountain views, a pebble tec diving pool and a built-in outdoor bar-b-que area. The park-like yard is fabulous year round.

This home is a must see and will go fast! Ready to make this beautiful Moon Valley Phoenix home your new home? Contact The Voss Team today to schedule a tour to view 636 E. Canterbury Lane Phoenix, AZ 85022 today!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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2017 Closes Strong, Record High December Home Prices

2017 Closes Strong, Record High December Home Prices

2017 Closes Strong, Record High December Home PricesWhile sales dropped slightly from a year ago, December capped off a 2017 of record home prices, speedy sales and low inventory. The January RE/MAX National Housing Report shows the median home price rose 8.1 percent year-over-year, with fifty of the report’s fifty-four markets posting increases. At the same time, December sales dropped 3.3 percent from December 2016, with thirty-nine markets reporting fewer transactions. Making sales harder was a Months Supply of Inventory of 3.7 which is the lowest December figure in the nine-year history of the report. That corresponds with a 14.6 percent decline in inventory, lengthening a streak of monthly declines that began in November 2008.

Also setting a report record for December was the speed of home sales: Fifty-seven days. That figured into an overall 2017 median for Days on Market of 52.5 — nearly a week less than the 2016 median of 58.5 days.

“We see the median sales price of homes across the country rising every month, year-over-year, but the days on market and the supply of homes for sale hit record lows in December,” said Adam Contos, RE/MAX Co-CEO. “If inventory keeps getting tighter across the country it’ll be interesting to see how it might affect sales.”

Home buyers paid record prices in 2017, led by June’s Median Price Sold of $245,000. Prices increased year-over-year in every month of 2017, with December marking the 21st consecutive month of year-over-year price increases dating back to April 2016. Of the 54 metro areas surveyed in December 2017, the overall average number of home sales decreased 2.5 percent compared to November 2017.

Want to know more about the current real estate market? Click here to download your copy of the January 2018 RE/MAX National Housing Report. If you are looking to sell your Phome or are ready to buy a Phoenix home, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Hillside Terrace Condo for Sale Premier Location

Hillside Terrace Condo for Sale Premier Location

Hillside Terrace Condo for Sale Premier LocationSeeking a new home or investment property for the New Year? You’ll love this Hillside Terrace condo for sale in a premier location with incredible mountain views! Hillside Terrace in Phoenix is a quaint community of thirty-six condos, each with approximately 1,000 square feet of living space. And this two bedroom, two bathroom condo unit is going for a stellar price and is perfect for owner occupant or investor. Tenant is currently occupying the property and seller will finance an owner occupant buyer.

Property has covered parking, a pool and is close to amenities, shopping and easy Highway 51 access that provides quick access to the entire Valley. Seven miles north of downtown Phoenix rests the Sunnyslope neighborhood, nestled in the foothills of the North Mountain range. This neighborhood attracts residents with its sunny, arid climate that makes people want to spend the day outdoors.

This is a great opportunity that you don’t want to miss! If you’d like to schedule an appointment to schedule a viewing of 1130 East Butler Drive, Phoenix, AZ 85020 or would like to visit our other featured properties, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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