Arizona Homeowner Olson June 09

Arizona Homeowner June / 2009

Inventive Home Lending 1400 E. Southern Avenue, Suite 615 Tempe, Arizona 85282 RETURN SERVICE REQUESTED

The financing of your real estate can be a daunting task. You want the best interest rate and you want the pre-approval, application and close of escrow processes to be hasslefree. I understand. I listen. I respond quickly.

• I specialize in custom-designing a specific loan for each individual client. With over 400 loan programs at my fingertips, you will get a mortgage that best fits your unique situation.

• I use the latest technology in loan underwriting. You’ll receive a loan decision within hours. Don’t wait days to find out if you qualify for the home you really want!

• Closing numerous

loans and working with

numerous borrowers

assures you that I have

the knowledge and

expertise to handle

any situation.

• My impeccable reputation is my best

asset. I always strive to exceed your expectations!

Call me today!

Good News! Good News!

Happy June! While writing this article I glanced at my housing notes from a year ago.

And it dawned on me that despite the effects of the recession, we’ve come a long way in housing over the past year. At this time a year ago we had over 60,000 homes on the market in Metro Phoenix with only about 4,000 selling a month. And right now in 2009 we have just over 30,000 homes on the market with about 8,000 homes selling in April.

That’s a complete reversal of fortune and signs that things are getting better (much better). In fact, with the supply of homes for sale dipping under the 4-month mark we can expect a shift to more of a seller’s market soon. And this may signal the start of home price appreciation at some point in the near future. Here’s a snapshot of what’s going on right now in your area:

summer travel in AZ The Jewels Of The Copper State

Phoenix, S.E. Valley, and West Valley: 3-4 month supply of homes for sale. This first grouping of cities is actually running low on housing inventory versus demand. This will enable sellers in this region to sell their homes quicker then in the past and at top dollar.

N.E. Valley: 13-14 month supply of homes for sale. This area continues to be plagued by foreclosure home inventory that is in a more remote area. It will take some time for this region to sell off significant home inventory.

Scottsdale $1 million and under: 9-month supply of homes for sale. Just the prior week it was a 10-month supply and is dropping fast.

Scottsdale & P.V. $1 million +: 43-46 month supply of homes for sale. This price range is seeing a good pick up in sales as well. However, the sold numbers in this range are small relative to the number of high-end homes listed for sale. The devaluation of the stock market and a general lack of high-end home loan programs are hurting the ability of would-be buyers to purchase.

WHERE’S YOUR BAIL OUT? • Mortgage rates are at a 50-year low. Almost everyone can benefit by either buying a new home or refinancing to a low fixed rate. Call now for a free review of your options.

• First-time home buyers are eligible for up to an $8K tax credit for buying and closing on a home by 12/1/09. That’s free money if you buy a home by the deadline!

• If you are behind on your mortgage payments the government has offered incentives to lenders to modify your loan so that the interest and payment is lower. (We do not offer loan modifications but would be happy to offer free advice on how you can get help.)

• If you have a Fannie Mae, Freddie Mac, FHA or VA loan you may be eligible for refinancing even if your owe more on your loan then your home is worth. (Call us to determine if you are eligible.)

Jim Olson Loan Officer 480.929.0044 jimo@ihlending.com www.ihlending.com MB0905347

If your home is currently listed, this is not a solicitation for that listing.

MORTGAGE RATES AS OF 5/5/09 Loan Rates for $150K-$417K

30-Year Fixed at 4.750%/4.899% APR 15-Year Fixed at 4.375%/4.539% APR

chlorine or saltwater?

What Today’s Pools Are Wearing

Loan Rates for $418K-$1.5M

5/1 ARM at 4.625%/4.872% APR 7/1 ARM at 4.875%/5.102% APR

*Note: Quotes assume primary home financing with 680+ FICO score on a single-family property with 20%-30% equity.

All quotes offered with 1% origination fee.

Produced by Desert Lifestyle Publishing • 480.460.0996

fresh summer fare T. Cook’s Fragoline di Bosco

Summer Travel Plans...

Right Here in Arizona!

June 2009 Superheroes Phoenix Symphony Hall, June 6th 602.495.1117 or phoenixsymphony.org Fulfill your childhood dreams of becoming a superhero, or being rescued by one, through these musical tributes to our beloved caped crusaders. Conducted by Michael Krajewski, such theme songs include Spiderman, Batman, Superman and many more. Before the performance begins bring your child in their favorite superhero costume, for the first ever Superhero contest. Winners are invited to show off all of their super powers!

Chitty Chitty Bang Bang ASU Gammage, June 6th-21st 480.965.3434 or asugammage.com Chitty Chitty Bang Bang we love you! Relive your memories of this magical story and bring your children to experience it for the first time. Watch the enchanting tale unfold as, what seems to be an ordinary sports car, magically comes to life.

You will be amazed at the sensational sets, award-winning music and the stunning special effects that will have you believing in flying cars.

Chateau St. Jean Winery Dinner Morton’s Steakhouse, June 11th 480.951.4440 or mortons.com Morton’s and Chateau St. Jean Winery are pairing up to bring you an exquisite four-course dinner accompanied with inspired wine pairings. Guests will enjoy dishes such as broiled sea scallops served with apricot chutney and, of course, Morton’s renowned single-cut filet mignon. Foodies may find themselves in culinary heaven!

George Lopez Dodge Theatre, June 12th-13th 602.379.2800 or livenation.com Self-proclaimed “America’s Mexican”, George Lopez is sharing his comical genius with audiences during this 2009 tour. Not only is George a well-known comedian, he also has his own TV show under his belt as well as his recent role in Beverly Hills Chihuahua as the voice of Papi. Don’t miss his side-splitting wit as he brings humor to growing up in a Mexican-American community.

Twilight Tours Deer Valley Rock Art Center, June 13th & 27th 623.582.8007 or dvrac.asu.edu The Deer Valley Rock Art Center is a museum, nature preserve and archaeological site with the largest concentration of Native American rock art in the Phoenix Valley. Get out your hiking boots and flash lights and embark upon a guided evening tour of the Hedgpeth Hill’s spectacular rocks. This remarkable petroglyph site is now listed on the National Register of Historic Places.

11th Annual AZ’s Finest Ritz Carlton, June 20th 602.685.1103 or azsfinest.org Benefiting the Cystic Fibrosis Foundation, this annual dinner honors successful young adults who work hard to give back to our community. This lovely evening includes a reception and silent auction, followed by a fabulous dinner and honoree showcase. What a great way to spend an evening, enjoying a lovely night out while donating to such a worthy cause.

You love your backyard pool and spa. You cannot imagine living in the desert without them.

But wait! What are all those chemicals you use to keep them clean and algae-free doing to your body, the environment, your wallet? Plain old salt may be the answer. Saltwater swimming pools and spas have been popular in other parts of the world for a long time and now, because of concern for the environment, they are gaining popularity on our home turf.

The many benefits of Saline Purification Systems are quickly making them the water maintenance of choice. Don’t be misled by the term saltwater pool as the water actually contains chlorine, but it is salt-generated rather than man made. By adding a chlorine generator to your pool’s system, the salt added to the water produces the chlorine needed to keep your water clean reducing the need to continually add chlorine and other chemicals.

There is minimal cost and some maintenance savings but most people convert to saltwater because it is healthier and more comfortable for swimming. Saltwater pools provide relief from post-swimming red eyes and itchy skin irritated by exposure to too much chlorine, not to mention that awful chlorine smell.

THE UPSIDE OF SALTWATER POOLS AND SPAS Good for You and the Planet • Eco-friendly and less harmful to environment • Less harsh and irritating on skin, eyes and hair than chlorine • Easier on breathing for asthma and allergy sufferers • Natural therapeutic effects • Clear and odor-free swimming • Natural algae-reducing effect • No storage or handling of toxic chemicals Less Work – More Play • Salt levels - top off salt levels when water floods/splashes out of pool - salt levels remain even when water evaporates • Saline Systems monitor themselves with warning light if change needed • The system converts salt into chlorine within the water as needed More $$$ for You • Smaller maintenance costs – salt is cheaper than chlorine • After initial start-up salt, only top-off salt needed periodically • Lower electricity costs – filtration system doesn’t have to be run constantly, only once or twice a day for short periods of time depending on pool size • With proper care of pool, converting to a Saline System should pay for itself in about two years • Swimwear lasts longer THE DOWNSIDE OF SALTWATER POOLS AND SPAS • Arizona’s extreme sun and heat burns off chlorine gas produced by salt requiring some addition of man-made chlorine • Cells of Saline Systems need to be replaced regularly due to major calcium build-up in our climate • Professional attention still necessary - if too salty, water can be corrosive to pool - if salt-produced chlorine gets too low, algae and bacteria builds up requiring commercial products If you’re going green and want to go the saltwater route, plan on spending between $1,000 and $2,500 for a decent generator. You’ll need about six 45-lb bags of salt to start and then a bag once in a while for maintenance ($10 - $15 a bag). If you are very handy you can even do it yourself.

For only a couple of hundred you can pour yourself a cold one and let a professional do it!

Your Home

There is something for everyone in the sun-drenched Grand Canyon State. If summertime fun conjures up thoughts of unparalleled outdoor adventure, breathtaking scenery, cultural offerings, indulgent spas and resorts, world-class golf courses and water sports of all kinds, then travelling within our own state of Arizona is sure to lift your spirits and soothe your soul.

A MIND-BOGGLING FORCE OF NATURE

You’ll need more than a couple of days to travel the entire 277-mile breathtaking GRAND CANYON. From spectacular hikes to heartpounding whitewater trips, you’ll discover some of the planet’s most amazing natural landscapes. For those of us who packed away our sleeping bags, make a reservation at historic El Tovar or one of the many other canyon lodges. Visit www.thecanyon.com for resources.

Reach utopia in the remote western end of the Grand Canyon where crystalline water streams through lush greenery – HAVASUPAI FALLS. Each of the three main falls: Havasu Falls, Mooney Falls and Navajo Falls are worth the hike or helicopter fee. Visit the home of the Havasupai tribe, the Village of Supai, along Havasu Creek and swim beneath the falls.

Be prepared to hoof it or mule it out of there.

If you stop in FLAGSTAFF, it’s worth your while to tour the Lowell Observatory. This historic landmark is one of the oldest research institutions in the country.

Many don’t know that the planet Pluto was discovered in 1930 right there and that the “PL” in Pluto is to honor Percival Lowell. Private stargazing workshops are available if you book well in advance.

Check out www.lowell.edu.

A BOATER’S PARADISE

America’s second largest man-made lake boasts a shoreline longer than the entire west coast of the US. Beautiful LAKE POWELL is part of the Glen Canyon National Recreation Area covering hundreds of miles in Arizona and Utah. Lake Powell’s 96 major canyons, four marinas, water sports, hiking and mountain biking make for plenty of summer memories.

Boating is, without question, first choice on the menu. Start with an appetizer and rent a kayak for the day. Go to the main course with a fast powerboat.

Splurge on dessert and enjoy the ultimate water view from a luxury houseboat that sleeps anywhere from six to twelve. Go to www.lakepowell.com.

RED ROCK COUNTRY

Seek energy and rejuvenation in less than a two-hour drive from Phoenix in SEDONA. Many claim to experience heightened spiritual and metaphysical energies in the vortexes of this must-see spot at the end of Oak Creek Canyon. Dramatic geology, Native American history and majestic biking and hiking trails are only to be followed by great restaurants and resorts.

Don’t miss the shopping at Tlaquepaque or the unbelievable view from the Chapel of the Holy Cross. If you can wait until fall, take in the September Jazz on the Rocks festival. For more information, visit www.sedonachamber.com.

PARK YOURSELF DOWN SOUTH

A 91,000-acre preserve dedicated to the giant saguaro cactus (its

blossoms are the state flower of Arizona) is a state treasure.

Saguaro National Park in TUCSON is a cactus-friendly environment benefiting from two rainy seasons; thus, one of the lushest deserts in the world.

While in Tucson, glean some culture at DeGrazia’s Gallery, education at the Arizona-Sonora Desert Museum and history at the Old Tucson Studios.

Browse www.visittucson.org for even more.

Take a side trip back in time and stop at the OK Corral in Tombstone, Arizona. Enjoy the legends of the Old West and watch out for gunfights! On the opposite end of the tourist spectrum, venture into the copper mines of Bisbee, Arizona.

See www.cityoftombstone.com or www.bisbeearizona.com for activities.

Fragoline di Bosco Ingredients: 3 cups strawberries, quartered 3/4 cup muscato wine 2 Tbsp. honey 1/4 cup whole tarragon leaves 1/2 cup honeydew, diced 1/2 cup cantaloupe, diced 1 cup amaretti cookies, crushed lemon gelato

Local Flavor!

Event Calendar

Combine the strawberries, wine, honey, tarragon and the melons in a bowl and let marinate for 1 hour in the refrigerator.

Featuring T. Cook’s at Royal Palms Resort & Spa 5200 E. Camelback Rd. • Phoenix 602.840.3610 or royalpalmshotel.com

Presentation: Place a ring mold in the center of the plate. Fill the mold to the top with the strawberry compote and pack down tightly. Sprinkle crushed amaretti cookies over the fruit. Place a scoop of gelato on top and lay a couple of tarragon leaves on the gelato. Remove the ring mold and serve.

Serves: 6

Summer Travel Plans...

Right Here in Arizona!

June 2009 Superheroes Phoenix Symphony Hall, June 6th 602.495.1117 or phoenixsymphony.org Fulfill your childhood dreams of becoming a superhero, or being rescued by one, through these musical tributes to our beloved caped crusaders. Conducted by Michael Krajewski, such theme songs include Spiderman, Batman, Superman and many more. Before the performance begins bring your child in their favorite superhero costume, for the first ever Superhero contest. Winners are invited to show off all of their super powers!

Chitty Chitty Bang Bang ASU Gammage, June 6th-21st 480.965.3434 or asugammage.com Chitty Chitty Bang Bang we love you! Relive your memories of this magical story and bring your children to experience it for the first time. Watch the enchanting tale unfold as, what seems to be an ordinary sports car, magically comes to life.

You will be amazed at the sensational sets, award-winning music and the stunning special effects that will have you believing in flying cars.

Chateau St. Jean Winery Dinner Morton’s Steakhouse, June 11th 480.951.4440 or mortons.com Morton’s and Chateau St. Jean Winery are pairing up to bring you an exquisite four-course dinner accompanied with inspired wine pairings. Guests will enjoy dishes such as broiled sea scallops served with apricot chutney and, of course, Morton’s renowned single-cut filet mignon. Foodies may find themselves in culinary heaven!

George Lopez Dodge Theatre, June 12th-13th 602.379.2800 or livenation.com Self-proclaimed “America’s Mexican”, George Lopez is sharing his comical genius with audiences during this 2009 tour. Not only is George a well-known comedian, he also has his own TV show under his belt as well as his recent role in Beverly Hills Chihuahua as the voice of Papi. Don’t miss his side-splitting wit as he brings humor to growing up in a Mexican-American community.

Twilight Tours Deer Valley Rock Art Center, June 13th & 27th 623.582.8007 or dvrac.asu.edu The Deer Valley Rock Art Center is a museum, nature preserve and archaeological site with the largest concentration of Native American rock art in the Phoenix Valley. Get out your hiking boots and flash lights and embark upon a guided evening tour of the Hedgpeth Hill’s spectacular rocks. This remarkable petroglyph site is now listed on the National Register of Historic Places.

11th Annual AZ’s Finest Ritz Carlton, June 20th 602.685.1103 or azsfinest.org Benefiting the Cystic Fibrosis Foundation, this annual dinner honors successful young adults who work hard to give back to our community. This lovely evening includes a reception and silent auction, followed by a fabulous dinner and honoree showcase. What a great way to spend an evening, enjoying a lovely night out while donating to such a worthy cause.

You love your backyard pool and spa. You cannot imagine living in the desert without them.

But wait! What are all those chemicals you use to keep them clean and algae-free doing to your body, the environment, your wallet? Plain old salt may be the answer. Saltwater swimming pools and spas have been popular in other parts of the world for a long time and now, because of concern for the environment, they are gaining popularity on our home turf.

The many benefits of Saline Purification Systems are quickly making them the water maintenance of choice. Don’t be misled by the term saltwater pool as the water actually contains chlorine, but it is salt-generated rather than man made. By adding a chlorine generator to your pool’s system, the salt added to the water produces the chlorine needed to keep your water clean reducing the need to continually add chlorine and other chemicals.

There is minimal cost and some maintenance savings but most people convert to saltwater because it is healthier and more comfortable for swimming. Saltwater pools provide relief from post-swimming red eyes and itchy skin irritated by exposure to too much chlorine, not to mention that awful chlorine smell.

THE UPSIDE OF SALTWATER POOLS AND SPAS Good for You and the Planet • Eco-friendly and less harmful to environment • Less harsh and irritating on skin, eyes and hair than chlorine • Easier on breathing for asthma and allergy sufferers • Natural therapeutic effects • Clear and odor-free swimming • Natural algae-reducing effect • No storage or handling of toxic chemicals Less Work – More Play • Salt levels - top off salt levels when water floods/splashes out of pool - salt levels remain even when water evaporates • Saline Systems monitor themselves with warning light if change needed • The system converts salt into chlorine within the water as needed More $$$ for You • Smaller maintenance costs – salt is cheaper than chlorine • After initial start-up salt, only top-off salt needed periodically • Lower electricity costs – filtration system doesn’t have to be run constantly, only once or twice a day for short periods of time depending on pool size • With proper care of pool, converting to a Saline System should pay for itself in about two years • Swimwear lasts longer THE DOWNSIDE OF SALTWATER POOLS AND SPAS • Arizona’s extreme sun and heat burns off chlorine gas produced by salt requiring some addition of man-made chlorine • Cells of Saline Systems need to be replaced regularly due to major calcium build-up in our climate • Professional attention still necessary - if too salty, water can be corrosive to pool - if salt-produced chlorine gets too low, algae and bacteria builds up requiring commercial products If you’re going green and want to go the saltwater route, plan on spending between $1,000 and $2,500 for a decent generator. You’ll need about six 45-lb bags of salt to start and then a bag once in a while for maintenance ($10 - $15 a bag). If you are very handy you can even do it yourself.

For only a couple of hundred you can pour yourself a cold one and let a professional do it!

Your Home

There is something for everyone in the sun-drenched Grand Canyon State. If summertime fun conjures up thoughts of unparalleled outdoor adventure, breathtaking scenery, cultural offerings, indulgent spas and resorts, world-class golf courses and water sports of all kinds, then travelling within our own state of Arizona is sure to lift your spirits and soothe your soul.

A MIND-BOGGLING FORCE OF NATURE

You’ll need more than a couple of days to travel the entire 277-mile breathtaking GRAND CANYON. From spectacular hikes to heartpounding whitewater trips, you’ll discover some of the planet’s most amazing natural landscapes. For those of us who packed away our sleeping bags, make a reservation at historic El Tovar or one of the many other canyon lodges. Visit www.thecanyon.com for resources.

Reach utopia in the remote western end of the Grand Canyon where crystalline water streams through lush greenery – HAVASUPAI FALLS. Each of the three main falls: Havasu Falls, Mooney Falls and Navajo Falls are worth the hike or helicopter fee. Visit the home of the Havasupai tribe, the Village of Supai, along Havasu Creek and swim beneath the falls.

Be prepared to hoof it or mule it out of there.

If you stop in FLAGSTAFF, it’s worth your while to tour the Lowell Observatory. This historic landmark is one of the oldest research institutions in the country.

Many don’t know that the planet Pluto was discovered in 1930 right there and that the “PL” in Pluto is to honor Percival Lowell. Private stargazing workshops are available if you book well in advance.

Check out www.lowell.edu.

A BOATER’S PARADISE

America’s second largest man-made lake boasts a shoreline longer than the entire west coast of the US. Beautiful LAKE POWELL is part of the Glen Canyon National Recreation Area covering hundreds of miles in Arizona and Utah. Lake Powell’s 96 major canyons, four marinas, water sports, hiking and mountain biking make for plenty of summer memories.

Boating is, without question, first choice on the menu. Start with an appetizer and rent a kayak for the day. Go to the main course with a fast powerboat.

Splurge on dessert and enjoy the ultimate water view from a luxury houseboat that sleeps anywhere from six to twelve. Go to www.lakepowell.com.

RED ROCK COUNTRY

Seek energy and rejuvenation in less than a two-hour drive from Phoenix in SEDONA. Many claim to experience heightened spiritual and metaphysical energies in the vortexes of this must-see spot at the end of Oak Creek Canyon. Dramatic geology, Native American history and majestic biking and hiking trails are only to be followed by great restaurants and resorts.

Don’t miss the shopping at Tlaquepaque or the unbelievable view from the Chapel of the Holy Cross. If you can wait until fall, take in the September Jazz on the Rocks festival. For more information, visit www.sedonachamber.com.

PARK YOURSELF DOWN SOUTH

A 91,000-acre preserve dedicated to the giant saguaro cactus (its

blossoms are the state flower of Arizona) is a state treasure.

Saguaro National Park in TUCSON is a cactus-friendly environment benefiting from two rainy seasons; thus, one of the lushest deserts in the world.

While in Tucson, glean some culture at DeGrazia’s Gallery, education at the Arizona-Sonora Desert Museum and history at the Old Tucson Studios.

Browse www.visittucson.org for even more.

Take a side trip back in time and stop at the OK Corral in Tombstone, Arizona. Enjoy the legends of the Old West and watch out for gunfights! On the opposite end of the tourist spectrum, venture into the copper mines of Bisbee, Arizona.

See www.cityoftombstone.com or www.bisbeearizona.com for activities.

Fragoline di Bosco Ingredients: 3 cups strawberries, quartered 3/4 cup muscato wine 2 Tbsp. honey 1/4 cup whole tarragon leaves 1/2 cup honeydew, diced 1/2 cup cantaloupe, diced 1 cup amaretti cookies, crushed lemon gelato

Local Flavor!

Event Calendar

Combine the strawberries, wine, honey, tarragon and the melons in a bowl and let marinate for 1 hour in the refrigerator.

Featuring T. Cook’s at Royal Palms Resort & Spa 5200 E. Camelback Rd. • Phoenix 602.840.3610 or royalpalmshotel.com

Presentation: Place a ring mold in the center of the plate. Fill the mold to the top with the strawberry compote and pack down tightly. Sprinkle crushed amaretti cookies over the fruit. Place a scoop of gelato on top and lay a couple of tarragon leaves on the gelato. Remove the ring mold and serve.

Serves: 6

Arizona Homeowner June / 2009

Inventive Home Lending 1400 E. Southern Avenue, Suite 615 Tempe, Arizona 85282 RETURN SERVICE REQUESTED

The financing of your real estate can be a daunting task. You want the best interest rate and you want the pre-approval, application and close of escrow processes to be hasslefree. I understand. I listen. I respond quickly.

• I specialize in custom-designing a specific loan for each individual client. With over 400 loan programs at my fingertips, you will get a mortgage that best fits your unique situation.

• I use the latest technology in loan underwriting. You’ll receive a loan decision within hours. Don’t wait days to find out if you qualify for the home you really want!

• Closing numerous

loans and working with

numerous borrowers

assures you that I have

the knowledge and

expertise to handle

any situation.

• My impeccable reputation is my best

asset. I always strive to exceed your expectations!

Call me today!

Good News! Good News!

Happy June! While writing this article I glanced at my housing notes from a year ago.

And it dawned on me that despite the effects of the recession, we’ve come a long way in housing over the past year. At this time a year ago we had over 60,000 homes on the market in Metro Phoenix with only about 4,000 selling a month. And right now in 2009 we have just over 30,000 homes on the market with about 8,000 homes selling in April.

That’s a complete reversal of fortune and signs that things are getting better (much better). In fact, with the supply of homes for sale dipping under the 4-month mark we can expect a shift to more of a seller’s market soon. And this may signal the start of home price appreciation at some point in the near future. Here’s a snapshot of what’s going on right now in your area:

summer travel in AZ The Jewels Of The Copper State

Phoenix, S.E. Valley, and West Valley: 3-4 month supply of homes for sale. This first grouping of cities is actually running low on housing inventory versus demand. This will enable sellers in this region to sell their homes quicker then in the past and at top dollar.

N.E. Valley: 13-14 month supply of homes for sale. This area continues to be plagued by foreclosure home inventory that is in a more remote area. It will take some time for this region to sell off significant home inventory.

Scottsdale $1 million and under: 9-month supply of homes for sale. Just the prior week it was a 10-month supply and is dropping fast.

Scottsdale & P.V. $1 million +: 43-46 month supply of homes for sale. This price range is seeing a good pick up in sales as well. However, the sold numbers in this range are small relative to the number of high-end homes listed for sale. The devaluation of the stock market and a general lack of high-end home loan programs are hurting the ability of would-be buyers to purchase.

WHERE’S YOUR BAIL OUT? • Mortgage rates are at a 50-year low. Almost everyone can benefit by either buying a new home or refinancing to a low fixed rate. Call now for a free review of your options.

• First-time home buyers are eligible for up to an $8K tax credit for buying and closing on a home by 12/1/09. That’s free money if you buy a home by the deadline!

• If you are behind on your mortgage payments the government has offered incentives to lenders to modify your loan so that the interest and payment is lower. (We do not offer loan modifications but would be happy to offer free advice on how you can get help.)

• If you have a Fannie Mae, Freddie Mac, FHA or VA loan you may be eligible for refinancing even if your owe more on your loan then your home is worth. (Call us to determine if you are eligible.)

Jim Olson Loan Officer 480.929.0044 jimo@ihlending.com www.ihlending.com MB0905347

If your home is currently listed, this is not a solicitation for that listing.

MORTGAGE RATES AS OF 5/5/09 Loan Rates for $150K-$417K

30-Year Fixed at 4.750%/4.899% APR 15-Year Fixed at 4.375%/4.539% APR

chlorine or saltwater?

What Today’s Pools Are Wearing

Loan Rates for $418K-$1.5M

5/1 ARM at 4.625%/4.872% APR 7/1 ARM at 4.875%/5.102% APR

*Note: Quotes assume primary home financing with 680+ FICO score on a single-family property with 20%-30% equity.

All quotes offered with 1% origination fee.

Produced by Desert Lifestyle Publishing • 480.460.0996

fresh summer fare T. Cook’s Fragoline di Bosco