Ar_home_b_search
 



purchase: Jim's Soap Box June 2010 - 06/04/10 06:00 PM
… (0 comments)

purchase: Jim's Soap Box April 2009 - 06/17/09 12:51 PM
… (0 comments)

purchase: Fannie Mae, Freddie Mac & Government: What it means to you in the short term - 09/09/08 01:19 PM
In case you haven't heard yet, the Federal Government took control of Fannie Mae & Freddie Mac over this last weekend.  This means (among other things) that all changes to their loan programs will have to go through congress now.  The potential long term effects of this Government intervention are still uncertain, however, the short term effects have been amazing.  RATES ARE LOWER.
30 year rates have fallen about .5% in the last 24 Hours.  Good borrowers can get a 30 year rate at 5.875% (without a buy down) as of 6:00 this morning.  This is good news for people currently … (1 comments)

purchase: Should I buy a house or rent one? - 08/01/08 04:52 PM
This is an excellent question to ask yourself before taking action.  Despite the economy being sluggish, and fuel prices skyrocketing, the old rules of thumb are still accurate.  Here are a few questions to address before you change your address.
•·         Can I afford the monthly payments?
Keeping your housing payment to 35% of your monthly gross income is a conservative target.  If your potential mortgage payment is significantly higher than 35% you should probably rent a little longer until you identify cheaper housing, or increase your income.
•·         Can I afford a down payment?
The availability of 100% (no money … (0 comments)

purchase: What can I expect during a purchase? - 06/12/08 11:13 AM
What can I expect during a purchase?
Something that is often overlooked within the home loan industry is the education of the client in the steps of doing business together.  As the borrower, you should want know what the process is, and what to expect from your loan officer.  This is a basic account of the events that take place during a purchase transaction when you are dealing with me.
 
First Contact - Every loan starts somewhere, and in the technology age it is usually a phone call or an email.   Occasionally, it still happens when I meet someone in … (0 comments)

purchase: Rural Housing in Arizona Group - 05/14/08 07:10 PM
I have seen some impressive activity on Blogs I have posted over the last few weeks regarding the RHS 102% Rural Housing Program.  If Rural Housing (in the state of Arizona) is of interest to you, I would like to invite you to join a group the specializes in the topic. 
You can go to the groups screen and find us under Rural Housing in Arizona.  Not a very original name - but you at leats know what we are about.   I would like to simply send you a link to join but I have not mastered that part of the Active Rain interface.  You can find both the guidelines for the … (0 comments)

purchase: Rural Housing Update on Pools - 05/14/08 05:47 PM
The RHS Rural Housing Program has provided a fantastic product for people purchasing a new primary residence for years.  One of the few regulations of the program I have found disappointing, has been the inability for the property to have an in-ground pool and be still be considered Rural.  Knowing that this is a National loan program, I am confident that they did not consider the number of rural properties on the outskirts of Metro Phoenix and Metro Tucson that have pools, when they wrote that rule.
Recently, I heard that you can ask for an exception from the RHS to … (0 comments)

 
Jim-2

Jim Cunningham

Phoenix, AZ

More about me…

Nova Home Loans - BK#0902429

Address: 5450 E High Street , Suite #260, Scottsdale, AZ, 85260

Office Phone: (602) 296-6403

Cell Phone: (602) 434-8261

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find AZ real estate agents and Phoenix real estate on ActiveRain.