An Arizona FHA Flip – Outdated

Learn more about updated FHA Flip Guidelines One of the most crucial elements of completing an FHA flip purchase is to make sure that all the repairs that both the repairs the FHA appraiser (or appraisers) and the FHA inspector required in their respective reports have been completed prior to the Phoenix area home buyer's close of escrow.  Remember that an FHA flip typically requires 2 appraisals and a HUD home inspection.  Typically at least one if not all three reports will list out at … [Read more...]

AZ Home Loan Pre-Approval & the PQF

Most Arizona home-buyers know the best possible thing to do before embarking on their home buying journey is to work with a Phoenix mortgage lender to get fully pre-approved.   This way the buyer knows how much they can afford.  Getting Pre-Approved also helps an Arizona buyer determine out what monthly payment, down payment and loan type they are comfortable with before looking at homes. Home Loan Pre-Approval in Arizona In Arizona, each home buyer must present an Arizona specific … [Read more...]

Buy New Home While Upside Down

If I told someone I was upside down back in the 90's they would think I was confused, lost or just nutz!  Today, everyone immediately knows that "upside down" means your house is worth less than you owe.  I receive calls on a daily basis from clients wanting to know if the fact that they are upside down on their current home will prohibit them from buying a new home.   They want to take advantage of record low mortgage rates and home prices in the greater Phoenix Area (and across the … [Read more...]