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...]

Taxes, Insurance and Home Loan Rates

Risk and servicing value play a central role in what rate an Arizona home buyer receives on their home mortgage.  Every Phoenix Area mortgage lender evaluates both of these items when determining what a borrowers rates will be.  Let's jump in feet first to explore how this works. Impounding Taxes and Insurance on Your Arizona Home Loan  Have you ever wondered why the mortgage rate or fees on a mortgage go up when a buyer chooses not to have their taxes and insurance included in their monthly … [Read more...]