PHOENIX REAL ESTATE – CAN I TAKE OVER A SELLER’S LOAN?

Traditionally, when you buy a home, you apply for a mortgage through a lender, find a home for sale, and use a combination of your down payment and the loan amount to purchase the home. It is a tried and true method, but what if you want to skip the buying and selling process and simply take over another homeowner’s loan? With certain loans you may be able to do that, but there is a lot to consider before assuming a loan. The Basics “In days long past, some mortgages were fully assumable … [Read more...]

How does a Arizona Realtor get Paid

Most buyers do not understand how a realtor gets paid.  They might think that he/she gets a paycheck from the company they work for?  They might think that there's a pool of money for realtors to draw from as they help buyer clients. It's actually quite simple.  The realtor owns his or her own business, but he must have his license on file with a brokerage so his work can be overseen.  If the realtor is not involved in a sale, then he does not get paid a commission.  Even if the realtor writes … [Read more...]