May 16, 2012 Leave a Comment

FHA Streamline Refi Program – How Can It Help You?

Arizona FHA Streamine Mortgage

WHAT IS AN FHA STREAMLINE? Homeowners that utilized an FHA mortgage to buy their home have a secret refinance weapon in their back pocket.  It is called an FHA Streamline and it can make quite a difference when it comes to a their monthly payment.  An FHA streamline is a refinance program that an existing FHA borrower can utilize to lower their monthly mortgage payment and mortgage interest rate without having to jump through all of the hoops that one has to on a typical mortgage approval. … [Read more...]

Filed Under: FHA Financing, FHA Streamline Tagged: , , , , , , ,
May 11, 2012 1 Comment

FHA Streamline Refinances Just Got a Whole Lot Easier – Lower Your Mortgage Interest Rate and Payment Today!

FHA streamline Refinance - Lower Interest Rate

GREAT NEWS FOR FHA BORROWERS THAT CLOSED PRIOR TO MAY 31, 2009 If you are an FHA borrower anywhere in the United States that has an FHA loan that was endorsed before May 31st of 2009 this update is just what you have been waiting for for 3 plus years!!  Two things were very different back when you closed your FHA loan that may have caused you to put up a dart board in your garage with "HUD/FHA" painted right over the bulls eye!  1. FHA mortgage rates were much higher than they are … [Read more...]

Filed Under: FHA Financing, FHA Streamline, General Tips, Mortgage News, Mortgage Rates
May 10, 2012 Leave a Comment

Using a USDA Mortgage to Buy a Home in Arizona When You Already Own a Home

Phoenix Arizona USDA Mortgage

Phoenix Arizona USDA MortgageCAN YOU USE A USDA HOME LOAN IN ARIZONA IF YOU ALREADY OWN A HOME? USDA financing is an outstanding option for a home buyer looking to purchase a home in Rural Arizona.  The program allows for a 0% down payment and no monthly mortgage insurance.  Typically, USDA guidelines prohibit a buyer from owning any other residential Real Estate.  This can often limit a buyer from using the USDA mortgage program.  I have great news!  Depending on the … [Read more...]

Filed Under: Mortgage News
May 6, 2012 1 Comment

Order Your Tax Transcripts in the Beginning of The Arizona Mortgage Process

Phoenix mortgage - tax transcripts

WHY YOUR LENDER SHOULD ORDER TAX TRANSCRIPTS FIRST We have all heard about a friend or family members mortgage stalling just prior to closing.   There are a number of reasons this can happen.  Quite simply put, 90% of the time (or more) it is a mortgage loan officer's operator error that causes the last-minute drama.  One of the most silent of all mortgage killers is the failure to order IRS/Tax Transcripts for someone using a mortgage to finance the purchase of their Arizona home or … [Read more...]

Filed Under: Conventional Financing, FHA Financing, General Tips, Getting Pre-Approved, VA Financing
April 30, 2012 Leave a Comment

Getting Approved for a New Mortgage (FHA, VA, Conventional) When Transferring to Arizona

Mortgage Approval - Phoenix Arizona Relocation

Mortgage Approval - Phoenix Arizona RelocationHOW SOON CAN A BORROWER THAT IS RELOCATING TO ARIZONA CLOSE ON A NEW HOME MORTGAGE? As an Arizona Mortgage Lender, one of the most common paradoxes I see clients that are relocating due to a job transfer or promotion face is the timing of buying a new home and closing on a new Phoenix area FHA, VA or Conventional home loan.  Many Phoenix lenders require that a borrower provide a paystub showing that they have in fact started their new job.  The … [Read more...]

Filed Under: Conventional Financing, FHA Financing, General Tips, VA Financing Tagged: , , , , , , ,
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