Your Credit Represents You in the Tempe Real Estate Market

If you’re looking to buy a home in Tempe, the most important thing that will affect you is your credit score. A high credit score is the key to landing a good loan at affordable rates. Of course, what counts as a high score? Every lender has different policies, so it pays to shop around and compare. Keep in mind that your credit score doesn’t just affect the approval process, but also your interest rate and thus, the monthly payments on the loan. So, what goes into that credit score? 

The truth is, no one knows. The various credit agencies run all your finances through huge secret lists locked away in the depths of their computer dungeons, and the end result is the product of sorcery, alchemy, and the kind of accounting that’s only spoken of in hushed whispers. What we do know is that your score is affected by utility payments, credit card accounts, student loans, cell phone records and mortgages, among other things. Nearly every monthly payment you make will nudge your credit score up or down. Your credit report will show up the details of where you stand on these payments, and if something is late, outstanding or in collections. 

Any sort of ugliness on your credit report can destroy your chances of getting the loan you need at the rate you want. To make sure your credit is clean and sparkling, go into your credit report and wipe out any incorrect, outdated or unhappy items that might be lurking in the financial background. Do this a few months before you go hunting for a home so the changes have time to flow through the credit bureau’s databanks. 

Your credit report keeps track of who else has requested a copy recently, and too many requests in a short period of time can lower your credit score. You’ll also find a listing of the credit accounts in your name and what sort of balance those accounts carry. 

A Solid Payment History is Your Best Credit Asset 

The greatest concern when using your credit to tie down a loan is the payment history on your credit report. A history of paying your bills on time accounts for almost a third of your credit score. The sheer volume of payments also affects your credit score. One late payment won’t do much compared against 40 timely accounts. 

Also, keep current with your revolving credit accounts, like those credit cards and department store cards. Many of the experts who study the shrouded whims of the credit agencies believe that balances higher than half of your available credit can hurt your score. 

Little Changes Make a Big Difference 

Although other aspects of your credit score only reflect a small part of the total, they all add up. When searching for a home loan, every point counts. Mixing types of credit can affect your score, as will opening new lines of credit. Be sure to take charge of your financial life before the lender makes that crucial decision. 

Protect Your Real Estate in Tempe with Chapter 13 Bankruptcy

If you are in danger of losing your home to creditors, it may be time to consider a chapter 13 bankruptcy. This will give you a chance to pay off your creditors in an orderly manner as funds become available. During the chapter 13 process certain assets are protected from creditors, and the most important of these is your home. 

When you file for chapter 13 bankruptcy, you will be required to create a plan showing how you are going to pay off your current and past-due debts over a period of three to five years. A chapter 13 bankruptcy does not make the debt go away, but instead gives you time to manage the payments. If you have fallen behind on loan payments, a chapter 13 bankruptcy may allow you to keep your home while making up those payments over time. 

You may elect to file a chapter 13 bankruptcy at any time. The cost includes two fees, and totals $185 as of 2008. 

Exemptions Protect Your Real Estate Property 

When you file a bankruptcy, certain property is protected from creditors. These protections are known as exemptions. The major exemption is called the homestead exemption, and it protects your home. 

You may claim a homestead exemption in Tempe, Arizona to protect up to $100,000 in equity on your house, apartment, or mobile home that you occupy. If you rent, an exemption exists to cover any prepaid rent or security deposits up to $1,000 or 1.5 times your monthly rent, whichever is less. You may only claim one of these exemptions. 

This exemption covers the equity in your home, not its sale value. If you’ve taken out a $150,000 mortgage and paid back $25,000 of it, your home would be protected. Any excess equity above the exemption limit becomes part of the bankruptcy plan and must be paid to help settle your outstanding debts. If you’re behind on your loan, you must also make up those payments, but that can be done as part of the three to five-year plan. You must also make any usual monthly loan payments. 

Chapter 13 Bankruptcy and Your Monthly Utilities 

Filing for bankruptcy should not affect your electrical and gas service, as the utility companies are not allowed to cancel your utilities because you filed. The companies may request a deposit for further service, however, and you will be required to pay any utility bills that are issued after you’ve filed for bankruptcy. 

Take note that this page is for informational use only and should not be considered legal advice. If you believe a bankruptcy might be in your future, consult an expert to receive current and correct information. Bankruptcy laws may vary from state to state. 

Schools and Learning in Tempe, AZ

A culturally diverse, vibrant city, Tempe, Arizona is the home of a number of educational institutions. Tempe’s schools include public, private, faith-based, vocational, technical schools and universities. Students of all ages will be inspired by the possibilities for learning and development. 

Public Schools in Tempe 

Tempe’s public schools are divided by geographical boundaries, and the three major school districts are: 

The Tempe Elementary School District 

The Kyrene School District-28 

The Tempe Union High School District 

These school districts follow standard curriculums, and accommodate thousands of students each week. 

Charter Schools Offer a Tuition Free Alternative for Students 

Tempe also has public charter schools. These schools provide smaller class sizes and are an alternative to the traditional system. The charter schools revolve around particular interests, and operate with freedom from many of the restraints that usually accompany a public school. 

One example of a well-established charter is Tempe Preparatory Academy. Tempe Prep has been consistently acknowledged as Arizona’s outstanding charter school, and as one of the best in the southwest. The school’s philosophy emphasizes Socratic learning and focuses on the “Great Books,’ with a traditional liberal arts curriculum. 

There are often waiting lists for charter schools, and parents and students will need to arrange their own transportation. 

For further information about Tempe public school systems please contact: 

The Tempe Elementary School District: (480) 839-0282 

The Keene School District: (480) 496-4600 

The Tempe Union High School District: (480) 783-4000 

For Tempe Preparatory Academy and other Independent Charters: 

www.azcharter.org 

www.tempeprep.org 

Private K-12 Schools Provide Additional Educational Formats 

Tempe also offers a number of private schools. These schools represent a variety of educational visions, which are sometimes faith based, and sometimes based on the humanities and sciences. For Further Information please contact: www.privateschoolrevue.com 

Arizona State University and Higher Education 

Arizona State University’s main campus is located in the heart of Tempe. A leading university, ASU is inspired by “The New American University Model” developed by its President, Dr. Michael Crow. Under this innovative paradigm, ASU has become increasingly competitive, and research driven. Many exciting programs and degrees are offered. For Further Information about ASU: www.asu.edu.gov 

There are many other vocational and technical schools in Tempe. For Further Information: www.vocationalschools.com 

AZ Resorts Located in and Near Tempe

Centrally located in Maricopa County, Tempe, Arizona, provides access to some of Arizona’s most highly acclaimed resorts. Enjoying the opportunity to relax and unwind is always appreciated, and local resorts are a special part of what makes Tempe such a great place to be. The following list will help you uncover some possibilities: 

The Buttes Tempe Resort 

The Buttes, A Marriott Resort 

Tempe is the home of The Buttes, A Marriott Resort. This engaging mountaintop hotel is known throughout Arizona as a romantic destination resort, with incomparable views of the Phoenix Metropolitan Area. Guests appreciate the opportunity to indulge in: 

  • Fine Dining with a Striking, Scenic Backdrop 
  • Recreational Facilities 
  • Hot Tub and a Fireplace 
  • Concierge with a Business Center 
  • Massage and Facials 

The Buttes Tempe visitors are a mixture of: vacationers, business travelers and locals, who all enjoy the hotel’s excellent services and fine atmosphere. When in town, be sure to arrange time for a visit to this landmark resort. 

The Arizona Grand Resort 

The Arizona Grand Resort is situated among 17,000 acres of mountain preserve in Phoenix, and its unique beauty inspires an enthusiastic clientele. Guests spend their leisure time exploring amenities such as: 

  • Five Restaurants 
  • A 20,000 Square Foot Recreational Center 
  • Rejuvenating Spa Treatments 
  • A Water Park 
  • The Arizona Grand Golf Course 
  • Hiking at South Mountain Preserve 

Visitors return from year to year, and are drawn back by the resort’s many features and its exceptionally friendly service staff. The Arizona Grand is independently owned, and employees make it their mission to provide each guest with a memorable experience. 

Some other Resorts near to Tempe, AZ: 

The Fiesta Inn Resort 

The Scottsdale Plaza Resort 

The Phoenician Resort 

The Boulders Resort 

The Sanctuary on Camelback Mountain 

These fine properties all provide numerous upscale services that will refresh and invigorate you. 

Tempe, AZ Homeowners find Plenty of Entertainment

As a landlocked city surrounded by Phoenix, Scottsdale, Gilbert, Mesa and Chandler, Tempe is surrounded by things to do and see. The city hosts one of the largest universities in the nation, and residents of all ages enjoy the youthful feel of Tempe’s downtown, or “Mill Avenue,” as the locals call it. 

Want to live in Tempe but worried about what you’ll do for fun? Sure, you can always drive 15 minutes or so north to Scottsdale’s famous nightlife scene, but there are also lots of things to do near your new Tempe home. Read on to learn more about your entertainment options! 

Discover the Hidden Culture and Museums in Tempe 

Tempe History Museum: With its History Detectives Program, this colorful local museum is family friendly enough to keep the kids enthralled, but adults will find it worth the one to two hours a walk-through takes as well. 

Petersen House Museum: On the same campus as the Tempe History Museum, this 1892 Queen Anne Victorian home is one of the oldest in the Valley. 

Arizona State University Museums in Tempe, Arizona 

ASU Art Museum: This museum offers art lovers a nice collection of work in a unique building. For the cost of a donation, you can enjoy the cool concrete architecture and quiet atmosphere at the height of summer. 

ASU Museum of Anthropology: Learn about the ways that humans have historically react to change. Look at the ways that human cultures and societies “experience and respond” to those changes. 

ASU Center for Meteorite Studies: Ever wondered about meteorites? What they are? How they happen? Visit the world’s largest collection right here in Tempe. 

Tempe Shopping Centers Offer Retail and Fun 

Tempe Marketplace: A new outdoor mall, this shopping center offers great food, a variety of shopping options and a brand-new Harkin’s Theatres. 

Arizona Mills: This huge indoor mall offers discount and regular stores, restaurants and movies in 72 degree comfort all year round. 

Ikea: This Swedish furniture store was so popular when it opened that locals tell of shoppers from as far away as Colorado camped out in the parking lot. Find this quality furniture and more here. 

Local Restaurants in Tempe Provide Fabulous Food 

House of Tricks: This local, high-quality dining establishment offers a unique experience for visitors who can eat outdoors all year round in a beautiful flower-filled yard. Enjoy lunch and dinner. (480) 968-1114. 

Byblos Mediterranean: This family-owned restaurant offers a great menu filled with items made with fresh ingredients prepared from scratch. (480) 894-1945. 

Z’Tejas: Discover new Southwest cooking at its best. (480) 377-1770. 

Monti’s La Casa Vieja: This historic steakhouse has been serving up meals for nearly 50 years. Locals claim that the portions are fabulous and that the museum-like interior makes for a great place to take visitors. 

The City of Tempe at a Glance

Named for a scenic vista from ancient Greece, Tempe is a very modern city. The heart of Tempe is Arizona State University, a major college that draws over 50,000 students to the area. Although Tempe reached the limit of its borders in 1974, the city remains vital and vibrant through a constant process of new development and investment in city infrastructure. 

The city of Tempe can be found south of Scottsdale and east of Phoenix. Three freeways, the 202 Red Mountain, the 60 Superstition and the 101 Pima, cross through Tempe, making it a major hub for traffic in the greater Phoenix area. Tempe is a college town, with much of the land here given up to businesses which serve young, active adults and the college itself. Almost all of Tempe is zoned for commercial and residential use. 

Tempe is largely based around a service economy, and the largest employers here reflect that. Examples include JP Morgan Chase Bank, Motorola, State Farm Insurance, Medtronics Microelectronics and the airline US Airways. People can fly into Tempe, put their money in the bank, buy cell phones and electronics, and then insure all their new stuff. 

The major economic sectors of Tempe revolve around business, aerospace, biotech, high technology, retail and tourism. Major players in the business field include JP Morgan Chase Bank and Wells Fargo Loan Services. The aerospace industry is growing in this town thanks to Triumph and US Airways. The local biotech firms are Medtronics and Orthologic. For high technology, Tempe is home to Motorola, Microchip Technology and Calence. 

The Job Market is Always Changing 

A recent job search of the Tempe market discovered over 700 available jobs, in all sorts of fields. The top-ranking fields were customer service, information technology and management. The major employers found in the search were Edward Jones, a financial company, Calence in the technology sector and Arizona State University. 

When the job search was expanded to the closest cities, the number of available positions rose to several thousand. The major fields were health care, management and skilled trades. Tempe is tightly-connected to the other cities in the Phoenix-Metro area, so a commute to the city next door is practical and common for most workers in the area. There are always opportunities for skilled and unskilled employees in Tempe. 

Tempe is a Young and Vital Community 

With a college as the major draw to the area, many workers in Tempe hold degrees. Nearly 40% of the workforce has earned a bachelor’s degree or higher, compared to the 27% average for the US as a whole. As a result of the student-oriented economy, the median household income is somewhat lower than the national average at roughly $42,000. Likewise, the population is also rather young compared to other local cities.