Where Your Credit Score Comes From

It has been said credit is the 8th wonder of the world.   In many ways this is accurate.  For example, why would someones credit score drop when they close a card off?  On the surface, this makes little sense.  However, dig deeper and logic is behind why credit does what it does. 5 Major Components of Your Credit Score When broken down into it's basic components credit makes quite a bit of sense.  Understanding the dynamics behind how credit scores are generated helps Arizonans maximize their … [Read more...]

Home Loan Rates on Arizona Investment Property

Phoenix area investors know mortgage interest rates go up when purchasing rental property.   Why? First of all, risk is behind all home loan rates.  In fact, risk drives rate adjustments. Yes, Arizona Mortgage Rate direction (FHA, VA, Conventional etc...) is primarily based on market forces. However, the difference between Phoenix mortgage interest rates for different scenarios on any given day is all based on risk. Primary & Investment Home Loan Rates Pretend you are a mortgage bank.  … [Read more...]