Financing

  Financially distressed Arizona homeowners who can no longer afford their homes and are pursuing a short sale, may be eligible for financial help with their relocation to alternative housing. The funds come from the Short Sale Assistance Component, part of the Save Our Home AZ Program. The state of Arizona is providing up to […]

From 2012 to about May of 2013, interest rates for a 30 year fixed rate mortgage went down with a few small upward bumps along the way.  In the last two months there has been a dramatic rise. According to Steve Harney of Keeping Current Matters, interest rates typically go up and down within a […]

How long do I have to wait before I can buy a house again if I have a previous Foreclosure or Short Sale? We all know someone who was hit hard by the recent economic downturn and lost their homes despite their best efforts to continue to pay their mortgage. The Phoenix housing market was […]

Our last post gave important information on the changing rules about FHA financing and the effect those changes will have on 1st time home buyers. Today I would like to discuss another topic that in my opinion directly affects those first time home buyers and the housing market – Student Loan Debt. As many know, […]

Did you know that Federal Housing Administration is the world’s largest mortgage insurer? Fact: The FHA has insured over 34 million properties since 1934. How does the FHA operate? What does it mean to have an FHA loan? When you apply for a mortgage on a house, you have to pass certain credit and income […]

“The credit box may be expanding,” says Jonathan Corr, president of Ellie Mae. Since late 2008 lenders have had to drastically tighten their guidelines and restrict the amount of new mortgages they approve. The good news is there are some indicators that show a slight loosening of the belt. The average FICO score on approved […]