Interest Rate Hikes by Fed | Best Things Come in 3’s??

The Feds 2018 Interest Rate Hikes are now a trio.  On Wednesday September 26 The Fed hiked rates for the 3rd time in 2018.  While on the surface this may be frightening, digging deeper reveals the method behind the Fed hike madness.   In fact, you might even find comfort after knowing the Fed's reasons for hiking rates. Apply for a Home Loan 602.435.2149 Home Loan Interest Rates vs. Fed Funds Rates While home loan rates and the Fed Funds Rate do not move in tandem, … [Read more...]

Adding Income to AZ Home Loan

When applying for a home loan, Arizona loan officers often take a minimalist's approach with your income.  In other words, they err on the side of caution using your most basic straight forward income.  While blood still does not flow from a stone, often more less obvious income is available if your loan officer looks for it. Apply for a Home Loan 602.435.2149 Increasing Your Income for a Home Loan Minimalism is a "no harm/no foul" style when basic/easy income gets … [Read more...]

VA Closing Costs Paid by a Seller

VA Closing costs - who can pay for them?  This topic often confuses buyers and sellers alike.  VA home loan rules govern which and how much of a buyer's VA Closing Costs veterans cannot pay.  In fact, VA Closing Costs break down into 3 categories.  Each VA Closing Cost category has it's own separate rules. The 3 categories are: Closing Costs Non-recurring Costs Non Allowable Costs Apply Now for a VA Home Loan Email: Phone:  602.435.2149 The 4% "Closing … [Read more...]

First Time Home-buyer 3% Down Loan – HomeOne

First Time Home-Buyer Conventional Loans offer a great way to purchase your first home with very little down payment required.  In fact, there are now 4 different 3% down payment Conventional loans available.  The newest kid on the 3% down payment loan option block is the HomeOne Conventional Loan.   HomeOne is for First Time Home-buyers only. Apply for a Home Loan 602.435.2149 3% Down Conventional Loans Programs All 3% down Conventional loans are not created equal.  … [Read more...]

Rental Condo Loan Rules Improved (Reserves & Occupancy Ratios)

Had trouble financing a condo as a rental property?  Too many rental units in the condo project?   HOA Reserves contribution under 10% of HOA revenue?   Both are common issues with financing a rental condo.  Conventional mortgage rule changes eliminated these hurdles in many cases for investors. Apply for a Home Loan 602.435.2149 Condo Loan Reserves & Owner Ratio Rules Commonly, well qualified rental condo buyers are declined based on condo eligibility issues.  … [Read more...]