Interest Rate is the Wrong Reason to Choose a Lender - 01/21/11 09:03 AM
Phil Faranda articulates why choosing a lender solely based on rate is a bad decision.  Using his experience of closing over 400 transactions, Phil also explains why obtaining a referral from a trusted source is a better decision, even at the expense of receiving what may seem to be a higher interest rate.
Via J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY:
In the almost 400 transactions I have brokered since first being licensed in the 1990s, anytime there was a problem with the mortgage and the buyer was asked how they chose their lender, I cannot think of one instance where they did not say some variation … (3 comments)

REAL ESTATE is a TEAM SPORT! - 01/15/11 12:00 PM
Kate's post articulates why it is so important to surround yourself with a winning team when buying or selling a home.  When considering an agent for representation, you should look for leadership traits. 
Via Kate Elim LAKE ANNA, VA Real Estate (DOCKSIDE REALTY):
Real estate is a team sport!   Try playing it alone and you'll quickly learn you are playing a losing game.  True some homes are bought and sold strictly between the seller and buyer, however most properties are sold using the services of a real estate company.
When this is done there are so many players on the team and … (2 comments)

"LENN, I'M SURE YOU'LL BE FAIR WITH EVERYONE WHILE HELPING ME FIND A HOME." - 01/15/11 11:49 AM
Lenn Harley explains how a GREAT agent should represent their clients. 
Lenn represents clients in Maryland and Northern Virginia looking to purchase a home.  I highly endorse Lenn's expertise after reading her blogs for the past 3 years and being a student of her wealth of information about real estate related topics. 
Via Lenn Harley, Real Estate Broker, Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate):
"LENN, I'M SURE YOU'LL BE FAIR WITH EVERYONE WHILE HELPING ME FIND A HOME."
That statement was made by a buyer with whom I'm working looking for a small horse farm. 
"NO, NO, NO", … (1 comments)

Why A Lender Pre-Approval Could Be Worthless - 01/14/11 06:30 PM
I received a phone call today from a real estate broker that I have worked with over the last few years.  I have some very loyal clients that I've done many loans for when they have purchased homes in Phoenix.  These clients actually found her after I had pre-approved them.  They have purchased a few homes with her, where I provided financing.  Her and I get along really well and I enjoy working together.  She called me today about a client she had previously referred.  The conversation started like this: 
Hi Dave!  You remember those clients I referred to you that … (26 comments)

Phoenix Condo Loans Declined From HOA Delinquencies - 01/06/11 07:12 PM
This video breaks down one necessary step to avoid having your Phoenix condo purchase transaction fall apart.
Many condo HOA's have high delinquency levels due to a weakened economy in Phoenix and the greater Phoenix area. Most HOA management teams projected around 10% delinquency rates of these condo complexes association dues at the beginning of 2010. However, the real numbers starting off in 2011 are closer to 25% delinquency rates. Don't let your transaction get too far and become another statistic too late.
 
… (6 comments)

11 Benefits To Using A FHA Mortgage To Finance Your Phoenix Home - 01/06/11 06:41 PM
The purpose of this article is to articulate some of the most common benefits of utilizing a FHA loan to finance a home purchase in Phoenix.  The first bolded sentence is what many real estate professionals believe to be truth.
Phoenix FHA mortgage interest rates are higher than conventional.With tiered FICO pricing on conventional loans, FHA loan rates can actually be lower than conventional. The minimum FICO score required on a conforming loan before the borrower has to pay more points or a higher rate is 740. Using FHA financing, a 660 FICO score gives the buyer the same interest rate as someone with an 800 FICO score. Phoenix FHA … (34 comments)

How to Get Your Featured Post on Active Rain... "Unfeatured" - 01/06/11 06:40 PM
Growing up, I usually did enough to get good grades and never worked too hard at school.  When I was in high school, my English teacher required our class to write a term paper at the end of my junior year.  Our assignment was due at the end of the semester and of course I waited until the last week to cram it in.  Rather than do all the work myself, I went to the public library and copied "word for word" straight out of the Encyclopedia Britannica for my entire report.  I thought I was being pretty smart by changing … (11 comments)

Todd, why did you send me this list of lenders you prefer, I can find a cheaper one online! - 01/05/11 09:07 AM
Todd Clark's blog provides an excellent explanation on why shopping for the best rate may not always provide the best end results for a home buyer using a mortgage to purchase a home.  Although, the new regulations are supposed to prohibit lenders from changing things at the closing table, it still is common among the Internet lender community to change the details of the transaction at the 11th hour.
Via Todd Clark (Broker) (503)524-9494 (Beaverton, Oregon Real Estate Expert) (Knipe Realty):


Great question! But let me ask you this, have you ever met this person? Have you ever talked to their … (2 comments)

 
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David Krushinsky

Phoenix, AZ

More about me…

AmeriFirst Financial, Inc. - NMLS 202115

Address: 15111 North Pima Dr., Suite 110, Scottsdale, AZ, 85260

Office Phone: (602) 456-2195

Cell Phone: (602) 695-7575

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