Best Time To Buy A House

Best Time To Buy A House

In case you missed it!  President Obama was at Central High School here in Phoenix earlier this month and said this about becoming a homeowner: "...and here in Phoenix, I want to talk about helping more families afford their piece of the American Dream, that is owning their own home". 

I know we all have heard the promises and some get excited but most don't REALLY know what it all means!  The President introduced a program that as of January 26th, mortgage insurance for FHA loans will be lowered by half a percentage point, from 1.35 percent to 0.85 percent.  So in plain Math terms, if your loan amount for your house was $100,000- if you were to only put down the standard 3.5%  down payment (which most first time or FHA buyers do unless you go through a ZERO down payment program that is available but we will save that for another blog lol) - instead of the mortgage insurance monthly being $135 it will now be $85 monthly - that's $50 for Starbucks coffee every month but in reality, this means you can go a little higher in sales price OR have enough room to buy a house with a higher HOA fees (normally a subdivision that is gated or with a community pool has higher HOA).

It's Tax season, put your tax return into good use and invest in your future!  Interest rates are as low as 3.875% - 4% which means you are getting a SMOKING deal!

Need more reason to buy?  Check out these stats.....

We will walk you through the process of owning a home and it doesn't cost you to use our services, yes - that means FREE!

You can also search for homes on our site which will also give you an est. monthly payment for each house you are looking at - what are you waiting for?  Search for a home NOW!

Check out this list of JUST LISTED homes Phoenix!

Image title

Michelle Mojica Headshot
Phone: 602-687-0617
Dated: January 23rd 2015
Views: 739
About Michelle: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Testimonial - Hi! I'm so glad you're here :);
About ME - Helping people has always been at
Every Renter Should Read This - Are You Renting? You Should Read
Remodeling Your Kitchen Without Breaking The Bank - We've all been there. We watched

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Mojica & Associates Real Estate
5213 North Central Avenue
Phoenix, AZ

Other Locations