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2007-2008 Home Buying Loans

Jamar Jackson interview loan broker Jo Ann Brady of Metro Cities Mortgage about what current home buyers need in 2007 2008 ... jamar home s ...

Greystar Acquires 845-Unit Multifamily Portfolio in Two of The Fastest-Growing Metro Cities in Phoenix

PHOENIX, AZ - Greystar Real Estate Partners, a global leader in the investment, development, and management of high-quality rental housing properties, announced the acquisition of the three-property, 845-unit Acacia portfolio on behalf of its real estate funds. The portfolio – which is concentrated in Phoenix’s affluent East Valley and comprises Chandler Court and River Ranch in Chandler, Arizona, and Vista Montana in Gilbert, Arizona – represents an opportunity for Greystar to acquire high-quality assets in rapidly growing, low-supply submarkets.

The Phoenix metropolitan area is experiencing explosive growth, expected to lead the nation in employment by adding over 60,000 new jobs this year. The market benefits from a diversified employment base, having added roughly 150,000 jobs in finance, technology and health care since the previous cycle’s peak. A vast majority of these jobs are being added directly in the Chandler and Gilbert submarkets. Continued population growth resulting from the area’s booming economy and job market is expected to continue to drive demand for housing and increasing rents.

New study shows where millennials have the most debt

A new LendingTree study found that the average millennial living in one of the 50 biggest metro area cities in the United States has a median total debt of $23,064.

“The millennial generation makes up the younger portion of adults, and as they build their careers, families and communities, they’re doing it encumbered by personal debt,” said Kali McFadden, a senior research analyst at LendingTree who led this study.

Looking at anonymous credit report data from My LendingTree users, the researchers were able to see not only where millennials have the biggest debt obligations (excluding mortgage payments), but also the average debt breakdown of the five main debt types: student, auto, credit cards, personal, and other.

Key findings

The 10 cities that have the most millennial debt are:

San Antonio (Median balance: $27,122)

GMAC Mortgage trying to nickel and dime me - help!?

I'm a first time homeowner, we just purchased a house in California on a 30 yr fixed loan. Prior to our first mortgage payment to Metrocities, our mortgage was sold to GMAC.

If your payment is supposed to include taxes and insurance, there is likely a change there and expect that to happen every year. Living in CA, assume that will happen every year.
They can review insurance requirements.

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