Communication with Mortgage Loan Officer is Key

The same principle that keeps a marriage strong is the exact same principle that keeps a home loan transaction together.  Communication.  Can a loan bet approved and close without great communication between Loan Officer, client and Real Estate agent?  Absolutely.  Can poor communication bring on stress and cost time and money?  Same answer -  Absolutely! Apply for a Home Loan 602.435.2149 Housing is high on Human Needs Scale Many different variables are at work … [Read more...]

Better Credit Score Mean a Better Home Loan

Credit score is not only a point of pride but is also a pivotal factor for each and every Arizona home-buyer.  Improving your middle credit score can reap major benefits when financing a new home.   Before we go through boosting your score (see below) let's look at what a credit score impacts with regard to obtaining an Arizona home loan. Apply for a Home Loan 602.435.2149 Credit may impacts Your Home Loan Options Credit scores impact several areas of a home loan.  … [Read more...]

Tax Return Filing for Home Loan Approval

Have you filed your Federal Income taxes yet?  The date an Arizona mortgage applicant files their taxes can be the difference between loan approval and loan denial. Apply for a Home Loan 602.435.2149 Using Your Higher Tax Return Income For self-employed or commissioned loan applicants enjoying higher income than in recent years, filing your tax return(s) may make all the difference.  In order for your recent higher income to count with your mortgage lender … [Read more...]

Arizona Mortgage Regs are Presidential

Tonight's Presidential debate covered all the important political topics from healthcare to foreign policy and beyond.  When the topic of government regulation came up I knew the words "Dodd/Frank" and "mortgage" were soon to follow.  After all, what better example of over-regulation is there right now than the Arizona mortgage industry.   Sure enough, Presidential candidate Governor Mitt Romney launched into the subject of mortgages.  He continued on criticizing parts of Dodd/Frank saying "have … [Read more...]

VA Deployed Vets Moving Into Home

When an Arizonan purchases a new primary residence the mortgage gods typically require that the proud new homeowner occupy it within 60 days from the day they closed in order for the home and the mortgage used to finance it to be categorized as a primary residence.  Check this out for more information on how soon a buyer needs to occupy their new home and why: Occupancy Rules.  VA mortgage rules do not require all veterans to move in immediately. However, what if the Phoenix area buyer is a … [Read more...]