Arizona Home Loan Pre-Qualification Form

An Arizona Mortgage Pre-Qualification Form must be provided when submitting an offer to purchase home.   The from validates that they are pre-approved for a home loan.  This powerful document is called a "PQF" for short. Take a peak at what the Arizona Home Loan Pre-Qualification Form.  Whether you are buying in Chandler, Mesa, Gilbert, Tempe, Scottsdale, Sun Lakes, Queen Creek, Avondale, Glendale, Tucson, San Tan, Ocotillo, Phoenix or any other city in Arizona - you will need a PQF to … [Read more...]

The State of Real Estate Appraising

Its no secret, appraising a home when securing a mortgage barely resembles the same process a few years ago.  Without a doubt, post-Dodd Frank, post-TRID appraiser faces far more scrutiny and regulatory oversight.  Regulatory impact has proven to be far reaching in the appraisal industry effecting home-buyers, mortgage lenders and real estate agents. Why is Real Estate Appraising more Difficult Now? In the "good ole days" of mortgage lending (pre-housing meltdown) appraising was nearly 1 … [Read more...]

Deferred Student Loans on a Home Loan

Has a deferred student loan derailed your home loan pre-approval?  Do not give up yet!  Many mortgage lenders are dazed and confused by the many recent changes with deferred student loans.  Whether it be on a Conventional Loan, FHA Loan or VA Loan there are multiple methods a lender can use to calculate deferred student loan payments on a home loan application. Apply for a Home Loan 602.435.2149 Deferred Student Loan Mortgage Trouble? Calculating and omitting student … [Read more...]

Pathway to Purchase – 2 BIG Days

The Pathway to Purchase Program has a subtle little teeny weeny guideline that if overlooked can quickly derail an on-time P2P closing.   This minor rule gets overlooked quite often based on the fact that other popular Down Payment Assistance Programs such as HOME Plus or HOME in 5 do not have this extra layer.  P2P requires this extra step based on the fact that Pathway to Purchase uses a Silent 2nd lien whereas many other Down Payment Assistance Programs utilize a different funding … [Read more...]

Condo Financing and Air BNB’s

Obtaining a home loan on a condo is a unique process.  In addition to getting yourself approved, the condo project itself has to pass a home loan eligibility test.  While a condo project / HOA may pass the home loan sniff test, buying a condo requires you look into the future and not just the "now." Apply for a Home Loan 602.435.2149 Condo Financing Hurdles One hurdle in the condo financing process is entity ownership.  Once a single entity owns a disproportionately … [Read more...]