Your Mortgage Questions Answered

Luther Kraxberger REALTOR® - Realty One Group Mountain Desert PHONE: 928-275-1657     EMAIL: lutherkrax@gmail.com ADDRESS: 100 E. Sheldon Suite 200   Prescott, AZ  86301

Does the term "amortization" leave you perplexed? Are you unsure how preapproval differs from prequalification? If so, you're not alone. Here are some mortgage basics to help you become more familiar with the process. What's the difference between prequalification and preapproval? Getting prequalified is often the first step when searching for a home. You supply basic financial information, such as your income, assets and debts, and the lender then provides a preliminary estimate of the amount for which you may qualify. Preapproval involves an in-depth look at your finances and usually requires an application fee, but this process brings you closer to determining your potential interest rate and monthly payment. Being preapproved also puts you in a better position in a competitive market because it shows you have your finances in order. What is amortization? Amortization is the process of paying off a home loan's principal and interest over time within a consistent, planned repayment schedule. In the beginning, a large portion of each payment goes toward interest, but as the loan matures, larger amounts go toward paying down the principal. What types of loans are there? Fixed and adjustable rate mortgages operate as their respective names imply. The former has a rate that stays the same for the life of the loan. The latter's rate may start low, but it can increase after a predetermined period or depending on market conditions. Government-guaranteed mortgages include FHA and VA loans. These are usually easier to qualify for and typically require lower down payments than other types of loans.

Thank you for reading my newsletters. I look forward to connecting with you soon! Luther Kraxberger

Luxury home in the Ponerosa Pines of Prescott

1047 Madizell-3 bedroom 3.5 bath cabin in the ponderosa pines of Prescott, Arizona.

This remodeled 3 bedroom luxury home in the pines has been upgraded with new granite countertops and beautiful hardwood cabinets.  Your guests will enjoy this entertaining space with a center island and a separate bar seating area for conversations and food preparation.  This kitchen provides plenty of counter space and room to prepare food and a double oven for the larger more intricate meals.

The large open living room is perfect for entertaining guests.  From the living room you can easily access two reading rooms, the kitchen, the front door and a deck that opens up into the forest.  The tong and groove beamed ceiling in the living room is really a showpiece to share with guests.  A large stacked stone fireplace anchors the living room in the middle and can be enjoyed from all areas of the main floor.  The kitchen even has a view of the fireplace. 

The master bedroom has its own walk-in closet and snail shower.  There are separate vanities and a water closet.  A quiet reading and sitting area adjoins the master to the side.  Also, there is a private walkout deck off the master that can be enjoyed through the sliding glass door.  There are two additional bedrooms to the master bedroom.  Each bedroom in the home has its own full bathroom for guests.  There is also a guest bath behind the kitchen.  Joining the two guest rooms is a large living or game room that is perfect for the kids or could be used as a pool table room. 

A great feature of this home is that there is a 3 car garage.  Not many homes in the pines have this feature.  It is large enough to house 3 full size cars and there is plenty of room in the driveway to turn around and park quite a few cars.  The outdoor living space of this home is tremendous!  It is so quiet and peaceful in the tall ponderosa pines of Northern Arizona.

For more information please contact:

 Luther Kraxberger

Keller Williams Check realty

928-275-1657

www.shopPrescottHomes.com

 

How much is my home worth?

I can assist you in selling your home in a timely fashion.  Simply click this link and I will assess the market value of your home at todays pricing.

http://luther.kwrealty.com/sell/

Luxury Estate in Prescott, Arizona with Spectacular Views of the City

Are you looking for a luxurious retreat to call home, perfectly designed for relaxing, entertaining and escaping the hustle and heat of city living?   Just imagine spreading your wings and making the move to a truly one of a kind home in an exclusive gated community, bordering 1.2 million acres of protected Prescott National Forest that offers hiking trails and nature all around you. 

 

Imagine indoor and outdoor entertaining with ten foot sliding doors leading to your private, vanishing edge saltwater pool and spa with stunning 270 degree views of the surrounding mountain ranges.  Can you see it?

 

How much room would you want for family and friends to join you for summer swimming parties and snowy winter holiday getaways?  How about 3.2 acres, and a 6,050 square foot custom designed lodge with four bedrooms, five bathrooms, and a 950 square foot guest house? 

 

Welcome home to 955 BrokenBranch, the epitome of luxuryliving in Prescott, Arizona.  Located in the exclusive, gated Hassayampa Village Community, this spectacular property sits on two custom home sites perched high above downtown Prescott, Arizona. 

 

This amazing home was built in 2011 by none other than Jesse Hill Custom Homes LTD, best known for his grand, custom-designed homes in upscale markets including Scottsdale and Carefree, Arizona.  Jesse Hill creates homes carved into hillsides overlooking city lights and golf course views and tops off his career from California, Washington, and Arizona with 955 BrokenBranch.

 

Imagine your dream lifestyle in this incredible mountain lodge where the grand entrance of custom stonework and grand beams opens and leads you into a beautifully appointed foyer.  Drop everything.  You have arrived. 

 

Quality craftsmanship abounds with concrete tile roof, beamed ceilings, custom stonework flooring and walls.  The spacious living areas offer expansive dining space to accommodate all of your family and friends.  Can you imagine your own wine collection stored in the elegantly appointed Wine Room?  Of course you can.

 

There’s so much more … a four car attached garage, fully landscaped with Northern Arizona native species on a low maintenance drip system, with your expansive patio with outdoor fireplace and BBQ for grilling and entertaining on those cool, Northern Arizona summer evenings.  Don’t forget the wine!

 

A truly one of a kind luxury home unlike any other in Prescott, Arizona, allows you to set yourself apart and live the lifestyle you have always imagined.

 

Words cannot do this luxurious retreat justice.  View the stunning photos of955 Broken Branch and call me to schedule a private tour. 

 

Luther Kraxberger, REALTOR

Keller Williams Check Realty

 

Search homes for sale in Hassayampa Village, or all of the Prescott area MLS at www.ShopPrescottHomes.com, and call us at 928-275-1657 for information on Buyer Representation Services and private tours of exclusive properties for qualified buyers.

 

Selling a Home in Prescott Arizona?  Get a Custom Evaluation of YOUR HOME’s Value at www.luther.kwrealty.com, and feel free to email Luther at luther@kw.com for all of your real estate needs.