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southwest mortgage advisor: Positive Mortgage Changes Shed New Purchase and Refinance Options - 03/09/12 12:29 PM
Maybe the government is finally listening or maybe it’s the luck of the Irish upon us, but I have some great news to share about some positive changes to help clients purchase a home again and refinance their existing loans.
Positive Purchase Mortgage News: On Conventional loans, a homeowner who had a Short Sale or a Deed-in-Lieu 2 years prior may re-qualify again for a purchase of a home if the borrower can put 20% down. 5% of that 20% must be from your own funds, but the rest can be gifted (certain gifting rules apply). The guidelines read: … (3 comments)
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southwest mortgage advisor: 2012 Best Mortgage Options - 01/13/12 11:31 AM
As we embark into another year, Most of us are always wondering about which mortgage options are available and what kind of rates and fees are tied to those specific products. So let me share what I think will be the best mortgage options for 2012.
Best Refinance Mortgage Options:
Rate/Term Refinance:
This year refinances will be driven by rates. Right now we have historical low rates. We are now seeing some equity in properties. With equity the banks are approving these rate/term refinances. Also, if you are in a property … (2 comments)
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southwest mortgage advisor: Coming Soon: Refinance Option for Underwater Homeowners - 11/07/11 03:45 PM
I am not the first to report this good news, but felt it was worth sharing. The Obama Administration announced on October 24, 2011 details of expanding a government sponsored refinance program to help more underwater homeowners refinance to reduce their payments.
Many clients of mine wanted to refinance in the past, but due to the lending guidelines only clients that could prove certain equity in their property were eligible. Under this new rule, the caps for negative equity will be lifted and the pricing add-ons will be going away.
Stay tuned, because the lending guidelines have NOT rolled … (7 comments)
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southwest mortgage advisor: I've moved! - 12/02/09 12:46 PM
I wanted to let everyone know about my recent and exciting move to Sunstreet Mortgage, LLC. I will still be originating loans in Arizona, California and New Mexico and can help with any of your client's mortgage needs and questions. I am thrilled with the new opportunity at Sunstreet and am looking forward to the new year!
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southwest mortgage advisor: Homeownership starts with taking responsibility for your credit - 08/18/09 06:06 PM
Imagine yourself in your dream home; you've got everything you wanted including the white picket fence. Now take a step back...how did you get there? I will tell you one way of never getting into your dream home; bad credit. Period. The end. If you have poor credit, you'll never be able to carry out your dream of homeownership. Some of you may be thinking that you have bad credit and you'll never own a home. Wrong. There are steps you can take to make homeownership a reality.
So you've been behind on payments, creditors are reporting wrong, I've heard them … (2 comments)
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southwest mortgage advisor: Five Good Reasons for the Perfect Home Buyer Storm - 12/10/08 09:07 PM
Normally I am not one to predict the market when it comes to mortgage rates, home values, good deals, tax incentives or tax rebates, but the writing on the wall is extremely clear to me that we have entered into what I want to phrase "The Perfect Home Buyer Storm". I have not known a better time for first time home buyers or step-up home buyers to take advantage of all the benefits that are out there right now.
Here is my list of things that have transpired to make this "The Perfect Home Buyer Storm": Read Further
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southwest mortgage advisor: FHA: The Good Neighbor Next Door Program - 11/04/08 12:27 PM
Attention Police Officers, Firefighters, Teachers and EMT's. If you are in the market for a home you need to be aware of this specialized FHA loan program through HUD called the Good Neighbor Next Door Program. I am helping a couple of teachers right now with this loan and the outcome has been fantastic. Let me explain the mortgage loan details a little bit further. Basically if eligible for the program you can take advantage of an incentive to get into the home at a discount of 50% off the list price of the home. In return for the discount you … (4 comments)
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southwest mortgage advisor: Mortgage Guidelines and Loan Approvals - 04/12/07 01:00 AM
I am not one to complain about changes in my job, because it happens all day long. But most realtors and lenders will agree that the tightening up on mortgage guidelines has really put a stressful situation on most of our clients. I wanted to just share some of the stressful situations I dealt with in the last 30 days.
1. I had a client that called me one day and I had to have him fully approved and locked on the loan that day because the next day my company was taking away his loan program.
2. I had a client at the … (0 comments)
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Gary Miljour - Mortgage Lending for Arizona and California
Tempe,
AZ
More about me…
My City Lender Home Loans
Address: 2350 E. Germann Road Suite 34, (Corporate Office) , Chandler, AZ, 85286
Office Phone: (480) 945-4545 x corp
Cell Phone: (480) 251-0002
Email Me
Arizona BK-0920007
California DRE-01889021
My City Lender Home Loans NMLS#161428
Gary Miljour Licensed Loan Originator NMLS#207208
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