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mortgage education: When payment matters: mortgage buydown programs - 05/15/07 01:12 PM
With home prices where they are these days the 2-1 buydown in loan programs are becoming increasingly popular. In a buyers market, such as the one we’re in at the moment, you can even structure a buydown so that the seller pays for the buydown and closing costs. This means as a buyer you can expect a lower monthly payment with no out of pocket expense to close on the house. What a steal! The 3-2-1 program works the same way except it’s over three years. I’ll focus on the 2-1 program here for simplicity (you’ll see why in the example
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mortgage education: A guide to buying your first home - 05/07/07 06:48 PM
Purchasing a home is one of the biggest financial decisions of your life and you need to make sure you are prepared! You also need to ensure qualified professionals are helping you and guiding you through the process. At the very minimum, you need an experienced mortgage/realtor team! Here is a simple checklist to follow: STEP 1: EducationVisit aimeeloans.com to educate yourself on: Loan programsClosing costsCredit reports Home inspectionsProperty appraisals & moreSTEP 2: Personal Evaluation Ask yourself some key questions: How long do I want to stay in this house?What kind of payment can I afford?Do I have money for closing costs?STEP 3: Pre-Qualification After
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mortgage education: CTX Mortgage Company in Mesa - 04/16/07 07:56 PM
Aimee has been with CTX Mortgage Company since 2004 whereas Shailesh, the Arizona Mortgage Guru, joined CTX in 2005. Both of them work as a mortgage solutions team at CTX Mortgage in Mesa, AZ. They each have almost 4 years of experience in the industry. Shortly after re-locating to Arizona in 2004 Aimee searched long and hard for the right mortgage company to work with. Having been with smaller brokers and mid-size lenders in the past, she was keen on finding the right balance between small size feel and large scale infrastructure support. She found this with CTX.CTX Mortgage Company is
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mortgage education: Need for increased borrower education - 03/27/07 05:39 PM
The Bankrate survey which found that 34% of borrowers had no idea the type of mortgage they were in is getting a lot of play in the press. It should because it is very worrisome in my opinion and mortgage professionals need to give this some serious thought as they adapt to the new climate. In case you missed it, I linked to the survey yesterday here. The results is a cause for concern (see story link below). While thinking of what possible actions the government can take, I think this is a good place for regulators to begin their investigation.
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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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