Does creative financing still exist or are there ways to purchase homes in Phoenix without traditional financing these days? If you’re like me, you’re probably saying, “No way”. If so, read on.
Recently, I had the privilege of speaking with a real estate investor, by the name of Nick Johnson, that specializes in Short Sales and “Subject To” purchases. Nick [...]
So you’ve decided that you want to buy a home in Phoenix, AZ. Besides the many advantages to living in the Valley, interest rates reaching all-time lows coupled with the recent plunge in home prices make Phoenix a very affordable and attractive option. Nowadays, it is actually cheaper to purchase a home in the Phoenix [...]
You’ve been pre-qualified for a 3.5% down-payment, FHA home loan, to buy the house of your dreams in Arizona. You and your Realtor have searched for months and finally narrowed it down to one home. It’s a short-sale located in beautiful Phoenix, AZ. This is the ideal location; not too far from your office, great schools for the kids, plus terrific dining [...]
“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 [...]
Are you purchasing a home in Phoenix? Is the house bank-owned, does it need some TLC, or would you just like to paint, carpet and put in some new appliances? The FHA 203k Streamline loan is the perfect solution. Click here for a more detailed guide for specifics on how the 203k loan works.
FHA’s Streamline 203(k) mortgage program allows [...]
The FHA 203K Rehabilitation Loan was started as a tool to help the revitalization of neighborhoods and communities in Phoenix, Arizona and throughout the United States. The 203k loan program offers borrowers the resources to rehabilitate or repair their new Phoeinx home that may be in need of limited repairs and/or upgrades without exhausting their savings. This can be [...]
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, [...]
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