Child Support-Alimony & Mortgage Approval

Home Loan rules have change from the past both for Arizona Mortgage Lender's and for mortgage companies across the country.  Using Child Support and/or Alimony to qualify for a new home loan is no exception.  It is important to understand what income you can and cannot use when trying to get approved for a new Mortgage. Rules for Using Child Support or Alimony income for Mortgage Approval In order to use child support/alimony and/or spousal maintenance we must make sure the income meets the … [Read more...]

Buying a Short Sale in Arizona

We all know the inaccuracy of the term "Short Sale."  They are in no way "short."  Well, that is not entirely true.  While Arizona buyer's and sellers involved in a short sale may wait for months for a short sale to be completed, the time that a bank gives a buyer to close once they approve the short sale can be SHORT!  Buyers faced with this situation need a Phoenix Arizona Mortgage Lender that can help them close FAST once their short sale offer has been approved. Typical Arizona Short Sale … [Read more...]

Fannie Mae Freezes Foreclosures

Fannie Mae, Freddie Mac and several other banks are doing a little something (well actually they are stopping something) to help struggling homeowners during the Holidays.  From December 19, 2011 through January 2nd 2012 Fannie, Freddie and several other jolly banks are putting a moratorium on evicting foreclosures homeowners during the Holiday season. Legal proceedings may continue during these times however families will not be forced to move from their homes.  According to Realty Trac, … [Read more...]