Home Mortgage Lender in Phoenix Arizona, Blog Report: Sept. 28th, 2007 - 09/28/07 12:05 PM
The mortgage market in Phoenix, Arizona changes all the time. If you are researching for a home mortgage lender in the area then you need to look at the Arizona Mortgage Guru Blog. This blog has great articles on how to manage your credit, tips for obtaining a mortgage and a whole range of other articles.
As a snap shot here are some of the recent articles which may interest you:
How to Protect Your Credit Score When Your Loan is Sold: Since your mortgage loan will be sold at some point to a different servicer, you need to be aware of … (1 comments)

No More Taxes on Forgiven Debt: Mortgage Forgiveness Debt Relief Act of 2007 - 09/27/07 12:17 PM
It may come as a surprise to some but if a mortgage lender forgives debt they send the IRS a 1099 with the amount forgiven. The forgiveness could be a part of a short sale or foreclosure or what have you. So, when tax time rolls around you are obligated to report this forgiven mortgage debt as 1099 income and pay tax. Basically, not only are you having a hard time with losing your home, Uncle Sam wants to pile on a bit.
Well no longer. Uncle Sam is changing the rules.
The US House moved closer towards eliminating this tax on forgiven debt. Here … (3 comments)

Top Five Credit Score Misconceptions - Learn the Truth - 09/24/07 04:46 PM
Our local paper in Gilbert, Arizona carried a very informative article yesterday regarding your credit score. It listed the top five credit (and debt) misconceptions. The East Valley Tribune (citing Transunion) listed the top five credit misconceptions as the following:
Co-signing a loan doesn't make you responsible for the account. Paying off a negative record will get it removed from your credit report. Paying off a debt will make your credit score jump 50 points right away. Checking your credit reports will lower your credit score. Closing old accounts will improve your credit score.The first one is really the one that caught … (9 comments)

Phoenix Arizona Mortgage Blog Report: Sept. 14th, 2007 - 09/14/07 03:33 PM
Below are some relevant mortgage articles for potential home owners and those seeking home loans in the Phoenix, Arizona market. These articles are not location specific and also apply to Gilbert, Scottsdale, Tempe, Chandler and surrounding areas in the Phoenix Valley.
Monthly Mortgage Payment as Percentage of Income - So how much should your mortgage payment be in relation to your income? We lenders call this the front ratio. Its a type of debt to income ratio. Traditionally 30% has been the acceptable number. Read full article (with pie chart) here.The Feds Finally Turn on the Radio - Yesterday the FTC issued a … (0 comments)

Phoenix Home Loan Rates Update - 09/14/07 01:02 PM
Are you curious about what home  mortgage rates are doing these days? Well, they are on the down trend for the most part. This is in comparison to the summer highs (as you see below). Don't hold your breath though. I don't think home mortgage rates will continue to fall forever. My prediction is that rates will stabilize around the 6.125% to 6.375% for the remainder of the year. 
The chart below shows the 30 year fixed mortgage rate as well as the average points paid to obtain a home mortgage. It is a national average.

… (2 comments)

Craigslist: The Swamp of the Internet. Why Would You EVER Advertise There? - 09/10/07 05:00 PM
Many have posted on Active Rain about the virtues of advertising on Craigslist. In my last count there were over one hundred posts on this topic and the vast majority talk about its advantages. I'm here to say you need to be careful when you advertise your listing on Craigslist. Why? Because, Craigslist is fast turning into the red light district of the Internet. As the New York Times reported last week:
"Craigslist has become the high-tech 42nd Street, where much of the solicitation takes place now," said Richard McGuire, Nassau's assistant chief of detectives. "Technology has worked its way into every profession, including the oldest."
In July raids, … (27 comments)

"Closing Escrow" A Comedy About Real Estate - 09/03/07 02:16 PM
I've only seen the trailer of the movie "Closing Escrow" and not the whole movie, so I can't say what the movie is like - if you have seen in please provide a thumbs up or down. Here are some some funny lines I caught: "I like to take a submissive posture with my clients." "I am aware that I am your slave, I work for you." "I guess selling a house was a lot more complicated than I thought it would be." Here is the trailer from YouTube: A better version is available on Apple Movie Trailers here: http://www.apple.com/trailers/magnolia/closingescrow/trailer/ … (3 comments)

 

Aimee Ghimire

Phoenix, AZ

More about me…

Phoenix Home Loan Expert (www.aimeeloans.com)

Address: 1201 S Alma School Road, Ste 8950, Mesa, AZ, 85210

Office Phone: (480) 346-8383

Cell Phone: (480) 516-1819

Email Me


I am a mortgage professional serving the Greater Phoenix market. This includes Phoenix, Mesa, Gilbert, Scottsdale, Chandler, Tempe and surrounding communities. I am with PrimeLending. When it comes to Arizona mortgage loans I have the expertise, the experience and the professionalism you should expect. I have been working in the Arizona home loan market for almost five years and have a history of satisfied borrowers.



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