Lowest Mortgage Rates Since 2016


By Friday of last week, it was clear that the coronavirus outbreak was having a significant impact on markets with stocks and bond yields (aka interest rates) both moving lower. Those same themes intensified this week, ultimately paving the way for the lowest mortgage rates since 2016. That may come as a surprise to those who believe… [Read More]

Could refinancing save you money?

If you’re a homeowner, you might think that all the recent talk of low mortgage rates doesn’t affect you. But that isn’t true — they may be your key to savings. Even if you had a sizable down payment or received a competitive interest rate at the time, refinancing your home now could mean saving… [Read More]

Post Renovation Purge – What to do next


You’ve finally renovated that ancient bathroom of yours, and it’s just what you imagined — beautiful, trendy, sophisticated and welcoming. Now you’re faced with a decision: What do you do with your old stuff — the fixtures, furnishings and decor? What about all those leftover materials and unused building supplies? For items that can’t be… [Read More]

Phoenix, Arizona Conforming Loan Limits (2019)

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Phoenix, Arizona conforming loan limits are increasing effective Jan 1, 2019.  This means Arizona mortgage seekers for one unit properties in Phoenix may qualify for conforming loan amount up to $484,350.  This is an increase from the 2018 conforming loan limit of $453,100 on 1 unit conforming loans. **Arizona Mortgage Advantage is honoring the new increased… [Read More]

5 jumbo mortgage loan tips in Phoenix, Arizona

What is a jumbo mortgage loan?  How do I get a jumbo mortgage loan in Phoenix, Arizona?   Jumbo mortgage or non-conforming mortgage is a home loan with an amount exceeding conforming loan limits set by the two government-sponsored enterprises that purchase loans from lenders, including Fannie Mae and Freddie Mac. So, what defines a conforming… [Read More]

Wells Fargo FHA Lawsuit Update in Arizona


If you had a Federal Housing Authority (FHA) loan with Wells Fargo between June 1, 1996 and Jan. 20, 2015, you may be able to take part in a $30 million class action settlement. The plaintiffs in the Wells Fargo FHA home loan interest class action lawsuit alleged that the bank had improperly charged them and others… [Read More]

How to Save Up for a Down Payment


If you have decided that you want to purchase a new home in Arizona, your first step is to save up for a down payment. This can be a particularly overwhelming thought. But with motivation and some hard work, you can have that down payment saved up in no time. First, figure out exactly how… [Read More]

5 Tips for a Fast Mortgage Closing in Arizona

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If you are a qualified, motivated buyer, you really can have a fast mortgage closing in Arizona.  It is not uncommon for us to submit a loan and be clear to close in five business days.  Based on some great wholesale partnerships and 20 years + experience completing Arizona residential transactions, we can help make… [Read More]

Mortgage Basics for First Time Home Buyer

Deciding to buy a home for the first time in Arizona can be a big step for your family.  The following simple overview should help with some mortgage basics for the first time home buyer in Phoenix, Arizona. Understanding the concept Mortgages are what a lot of people use to buy their home. Mortgages have… [Read More]