Arizona, Arizona
After not increasing the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac for 10 years, the Federal Housing Finance Agency has now increased the conforming loan limit for the third straight year. The FHFA announced Tuesday that it is increasing the conforming loan limit for Fannie and Freddie…
Most new home buyers in Arizona are caught in a weird spot when they decide to buy a home. They want to know what kind of houses they could buy, but need to know, “How much mortgage can I qualify for?” Fortunately, there’s an easy way to get a ballpark figure so you can start…
If you're planning not to pay off your Arizona mortgage before retirement, you won't be alone. Fewer than half of owner-occupiers in the age group 65-69 years were mortgage-free in 2015. What's in and what's out That record-low number came from an October 2017 study by Fannie Mae. But the report revealed something even more surprising:…
The housing market is on an upswing - at least that's what most American buyers, sellers and even renters think. According to Fannie Mae's Home Purchase Sentiment Index (HPSI), all three are feeling optimistic about their chances in today's market. A good time to buy From August to September, the number of consumers who said…
Big bonus of self-employment: You’re your own boss! A challenge: Proving that you have the financial stability needed to get a mortgage loan. I’m here to tell you today that it IS possible for you to get a loan. There are just a few extra steps you may need to take before you’re off shopping…
Many people mistakenly think the term “pre-qualified” is the same thing as being “pre-approved.” Although they may sound similar, they are in fact very different. A home loan pre-qualified indicates that you’ve been initially approved for a loan. On the other hand, getting pre-approved refers to meeting with a lender to determine exactly how much…
We know you keep getting smarter and smarter about getting a home loan. But let’s face it; some of this mortgage stuff is really confusing. Here are our 6 top tips to keep you from being baffled as you buy. 1. Closing Costs Do Add Up We have extensive requirements to make sure you know…
If you have any immediate questions or concerns don't hesitate to give us a call @ (602) 930-2529
