Reasons for Mortgage Pre-Approval | Underwriting

This is part 5 in my series about why not to skip a single step in the Arizona mortgage pre-approval process called "Reasons for Mortgage Pre-Approval."  See the rest of the series. Reason #5: Underwriters Have Final Say  In today's world just about everything is automated.  We have phones that tell us what to do, cars that tell us where to go and computers that tell us how are families are doing!  It's no surprise that automation is a big part of getting pre-qualification for a home loan. … [Read more...]

Buy or Rent? That is The Question

A study just released by Trulia measures the cost of renting versus buying a home in 50 of America's largest cities (including Phoenix, AZ and Mesa, AZ).    Buying versus renting proved to be more affordable in 75% of the nations largest metro areas. Phoenix, AZ and Mesa, AZ are in the top 10 cities in America in terms of home affordability (buying a home).  For more, check out the complete Trulia survey. The Trulia Rent Vs. Own study also produced some very eye-opening data related to … [Read more...]

Fannie Mae Freezes Foreclosures

Fannie Mae, Freddie Mac and several other banks are doing a little something (well actually they are stopping something) to help struggling homeowners during the Holidays.  From December 19, 2011 through January 2nd 2012 Fannie, Freddie and several other jolly banks are putting a moratorium on evicting foreclosures homeowners during the Holiday season. Legal proceedings may continue during these times however families will not be forced to move from their homes.  According to Realty Trac, … [Read more...]