No Seasoning Cash Out Home Loan

Savvy buyers often pay cash for a property for a number of reasons.  Cash purchases provide price leverage.  Also, they tend to be more attractive than competing financed offers.  However, paying cash ties  up liquid resources and limits an investors ability to leverage.  Finally, there is a solution to this common conundrum. Apply for a No Seasoning Refinance 602.435.2149 No Seasoning Refinance Cash-Out First of all, home-buyers must typically wait out a long 6 month … [Read more...]

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...]

3% Down Payment In Arizona

I am excited to announce that 3% down Conventional Financing is available.  This is not exactly brand new news however most Arizonans are not aware that Phoenix home-buyers can purchase a home using a Conventional mortgage with as little as 3% down. In the past the Arizona Real Estate market was classified as "declining" which kept mortgage insurance companies from insuring a new mortgage with only a 3% down payment.  Good news - times have changed!   Based on an improving Arizona Real Estate … [Read more...]

What To Do When Appraised Value is Low?

It is no secret that the Phoenix area Real Estate market is showing signs of improvement.  2012 has started off with a bang!  With any transitional Real Estate market comes appraisal/valuation challenges.  In fact, stable Real Estate markets come custom fit with appraisal related hurdles from time to time as well.  The most common issue an Arizona buyer faces relative to an appraisal is home value.  Of course, buyers don't complain when their desert dream appraises for more than what the … [Read more...]

Count Rental Income Arizona VA Home Loan

One of the changes that has made it more difficult for some Arizona buyers to qualify for a VA mortgage when they want to rent their previous primary residence out and buy a new one are the rules surrounding rental income.  In most cases, a Phoenix area homeowner must have 30% documented equity (doc'd with an appraisal) in order to use rental income to offset an existing mortgage and to qualify.  For example, if the home they are renting is worth $200,000 and they owe $140,000 or less on it they … [Read more...]