Phoenix home buyers looking to take advantage of favorable interest rates, reduced home prices, and a low down payment should consider an FHA loan when buying a new home in which to live. The Federal Housing Administration (FHA) is a part of the U.S. Department of Housing and Urban Development (HUD). Since FHA loans are insured by the government, [...]
We are all aware that the Phoenix area real estate market has been inundated with distressed sale listings including both REO and short sale properties. The decline in housing prices has brought back eager investors into the Valley. With many properties either being sold at trustee auction or receiving multiple bids, it is advantageous for investors to present [...]
Should you tell your clients to dispute items on their credit report during the loan process? The most common response is typically, “Sure, why not?”. If you are advising your clients to dispute credit items, you may be in for a big surprise.
A few months ago, we prequalified a borrower looking to purchase an investment property. We knew the transaction wasn’t going to be easy, [...]
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