Unless you have a really expensive car, a mortgage is typically the largest debt most Phoenix homeowners have to manage. It’s always a good idea to give your personal real estate portfolio a check-up at least once a year.
Since there are many reasons a homeowner may choose to refinance their Phoenix home mortgage, we’ll take a look at the four most common.
1. Mortgage [...]
You have probably heard the buzz by now: Big changes are happening in the mortgage lending industry, triggered by new requirements under the Real Estate Settlement Procedures Act (RESPA), which governs many of the processes and procedures that mortgage lenders and brokers must follow in order to comply with the law and to ensure consumers [...]
“So what’s my Phoenix home loan rate”? This is the question asked to loan originators everyday from our clients and prospects. There is no simple answer and it seems to be getting more complex as the mortgage industry moves toward more risk-based pricing. Risk-based pricing allows adjustments to par pricing for risk factors such as; FICO scores, loan-to-value percentages, [...]
You’ve searched for the perfect home for what seems like an eternity. Your Real Estate Agent has shown you so many homes, in Phoenix, that you lost count. She calls you up and says, “I found the perfect home; it has a big backyard, 3 car garage, 5 bedrooms and the location is exactly where you want to be.” You’re [...]
If you’re like 8 out of 10 homeowners in Arizona that owe more than their house is worth but could benefit from refinancing your home mortgage to a lower rate then continue reading. The first step would be to determine who actually owns your home loan. Chances are pretty good that the mortgage servicer, the bank that [...]
Fannie Mae and Freddie Mac have just released details on how they will handle refinance transactions authorized by the Home Affordable Refinance Program. The complete details of both programs can be found by accessing the program guides from Fannie Mae and Freddie Mac, but we will discuss some of the highlights below.
Even though this legislation [...]
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 [...]
Recent Comments