Where Your Credit Score Comes From

It has been said that credit is the 8th wonder of the world.   In some ways it makes sense to categorize credit scoring as a mystery.  For example, why would someones score go down if they pay a credit card off?  Believe it or not, there is a very logical reason behind that!  As your Arizona Mortgage Lender I want to help you understand the mystery we call "your credit score." A credit score (when broken down into it's basic components) makes quite a bit of sense.  Understanding the dynamics … [Read more...]

Home Loan Rates on Arizona Investment Property

Phoenix area investors (and investors in any marketplace) are subject to higher mortgage interest rates when they purchase investment property (aka - rental or non-owner occupied).   Why?   As your Phoenix Arizona Mortgage Lender, I want to walk you through what investors/lenders (OZ behind the curtain) are thinking. When it comes to home loan rates RISK is the name of the game.   Risk drives rate adjustments. Yes, Arizona Mortgage Rate direction (FHA, VA, Conventional etc...) is primarily … [Read more...]