Arizona Home Loan Pre-Qualification Form

In Arizona, home-buyers must provide a state specific document from their Arizona Mortgage Lender.  The from validates that they are pre-approved for a home loan.  This powerful document is called a "Pre-Qualification Form" or "PQF" for short.Take a peak at what the Arizona 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 … [Read more...]

Home Loan Rules Eased

Debt to income ratio limits are now higher than before.  In addition, many self employed borrowers are able to get away with just 1 years' tax returns.Why you ask?  Fannie Mae relaxed their self-employment and debt to income ratio requirements in July of 2017. Debt to Income Ratio Max to Loosen Prior to the July 2017 change Fannie Mae and Freddie Mac allowed certain home loan applicants to go up to a total debt to income ratio of 50%.  Borrower had to posses strong qualifying … [Read more...]

VA Escrow Holdback Renovation Loan

For years, veterans have been without a VA Renovation mortgage option.   Well, that wait has come to a glorious end!  Welcome to the era of the VA Renovation home loan.  Apply for a VA Home Loan Now Team@JeremyHouse.com 602.435.2149The VA Renovation loan resembles an FHA 203k or HomeStyle home loan.  With it, veteran's can finance repair and renovation costs into their home loan.  Furthermore, VA Renovation loans are for both purchases and refinances. VA Renovation Loan Based on … [Read more...]

Tax Liens & Judgments May Fall off Credit

Are you are one of millions of Americans with an bogus tax lien or civil judgment on your credit?  If so, your time is here!  The 3 major credit reporting agencies (Experian, Equifax and TransUnion) improved their scoring models to help consumers just like you.Find out when negative info falls off credit Team@JeremyHouse.com 602.435.2149 What and When - Judgments & Tax Liens According to WSJ.com, starting July 1, 2017 the major credit reporting agencies are removing tax liens as well … [Read more...]

Fed Rate Hike | Mortgage Rates Fall

March 2017 -  Fed voted 9-1 to hike the Fed Funds Rate by .25% today – and mortgage rates dropped considerablyimmediately.  The notes from the Fed’s meeting indicate they are considering 2 additional Fed Funds rate hikes in 2017 (depending on economic data and indices such as inflation).With our current economic and political environment, this rate hike has and will have more press than most.  While many hear “rate hike” and and do not differentiate which rates were actually “hiked” … [Read more...]