Troy Schuricht &'s Blog

Peace of Mind Short Sale Program

CFS Mortgage Corp. — Thu, 12 Nov 2009 15:09:05 -0600

FHA SHORT REFINANCE

CFS Mortgage Corp. — Thu, 03 Sep 2009 17:13:52 -0500

Short Refinance

Refinancing at current market value is the better option than loan modification. It is a transaction, where the current lender agrees to accept less than the full amount owed on your property. It results in reduction of principal on your loan. A Short Payoff is when your current lender reduces the principal balance on your mortgage and allows you to refinance or sale your home at current value.

Key differences:

Loan modification negotiates change in rates and terms leaving principal unchanged.

Short Refinance negotiates reduction in principal. For More Information: Click Here

The process is similar to a short sale but, instead of the property being sold, it is refinanced with a new lender. The short-refinance allows the homeowner to retain ownership of the property.

In many cases, short refinance requires approval and consent from a new lender and will require better credit score along with a reasonable debt-to-income ratio. We are working with the largest pools of lenders, which are available to help with short refinance.

Refinancing at Market Value

Must be current on mortgage payments
Minimum middle credit score is 640
No more than one 30 late mortgage payment in last 12 months
Documentation of three most recent mortgage payments
Payoff letter
Written Principal Reduction Agreement from current lender - The agreement must include the name of the borrower and must indicate the loan amount being paid off
Primary residence only
Must have sufficient documented income to qualify for the new lower loan amount (no stated income)
Must be able to prove hardship
Borrower with two mortgages are not eligible at this time

Many lenders are now cooperating with a principal reduction to refinance your home

Step 1: is to contact your existing lender and verify that they will cooperate with a short payoff/settlement to refinance and obtain a "workout" packet/application.

Step 2: is to apply. We will request your employment, income, and asset documentation to verify that you will qualify for a new FHA loan at current market value and issue a loan approval.

Step 3: is to actively work together to negotiate with your current Lender to achieve the desired principal reduction for your refinance.

EXAMPLE: Short Refinance (Refinancing At Current Market Value)

Current mortgage: $300,000

Current value: $220,000

New loan(97.75% of current value): $215,050

Closing cost for new loan: $5,000

Current lender approves short payoff for: $210,050

Troy Schuricht

CFS Mortgage Corporation
7720 N 16th st Suite 325
Phoenix, AZ 85020
602-354-0537- office
602-241-9912 - fax

troys@cfs-mortgage.com
www.BankerAdvantage.com

FHA Financing to 580 Credit Score

CFS Mortgage Corp. — Fri, 01 May 2009 16:39:31 -0500

FHA Financing to 580 Credit Score

CFS Mortgage Corporation is proud to continue lending on FHA loans and 580 credit scores. We are dedicated to assisting Realtor's and real estate investors with new and innovating mortgage solutions. As a bank we consistently provide and higher level of service and support than all other traditional brokers in the market place.

Available for:

Purchase
Refinance (no cash out)
Streamline Refinance

FHA requirements:

Minimum fico score requirement of 580
Full documentation of income
Debt ratios to 43%
3.5% down payment for purchases
Down payment can be gifted by family member
6% seller contribution on purchases
No asset reserve requirement
Automated underwriting approval required

Many banks have changed their requirement to 620 fico score for FHA financing. As of 05/01/09 CFS Mortgage Corp continues to fund FHA loans to 580 score. Our minimum score requirement could be subject to change in the future.

Troy Schuricht - troys@cfs-mortgage.com - 602-354-0537

Brad Brown - bradb@cfs-mortgage.com - 602-354-0521

Community First Financial is powered by CFS Mortgage Corporation a mortgage banker, license number BK#0905178.

Refinance more than your homes worth? Goverment of Course

CFS Mortgage Corp. — Thu, 09 Apr 2009 00:04:43 -0500

In response to the Homeowner Affordability and Stability Plan, CFS Mortgage is pleased to announce a new refinance option. The Fannie Mae Refi Plus Program is a fixed rate, fully amortizing, conventional conforming first lien mortgage loan program.

The Refi Plus Program is designed to allow individuals refinance their properties at historical low interest rates in areas of the country where home values have declined.

Features of the Refi Plus Program:

Loans up to 105% of the value of your home
Primary Homes -105%
Second Homes - 105%
Investment Properties - 105%
620 Fico Scores
Loan amounts to 417,000
No limit to the number of properties owned
Loan must be a Fannie Mae Loan
Salaried borrowers require one paystub
Self-employed borrowers require one year's federal tax return
No mortgage insurance required if you do not currently have it
Existing mortgage insurance remains same if you have it
Existing second mortgages must remain in place

Please call for details and to see if your home has a Fannie Mae eligible loan.

Troy Schuricht - troys@cfs-mortgage.com - 602-354-0537

Community First Financial is powered by CFS Mortgage Corporation a mortgage banker, license number BK#0905178

Teacher A+ Workshop for Realtors

CFS Mortgage Corp. — Mon, 06 Apr 2009 10:44:49 -0500

Teacher A+ Home Buying Program Workshop for Realtors

Hosted by:
Fidelity National Title
CFS Mortgage Corporation
Teacher A+

This workshop is for Realtors. We will outline strategies to find and help teachers with their home buying needs. It is designed to give them the tools, ideas and support to become part of their teacher community.

Time: April 23, 2009 from 10:30am to 12pm
Location: Fidelity National Title
Street: 60 E. Rio Solado Pkwy, 11th Floor
City/Town: Tempe, AZ 85281

RSVP: Events section at www.teacheraplus.com or email troys@ cfsmortgage.com

Hope to see you there,

Troy Schuricht

Teacher A+ Home Buying Program Workshop for Realtors

CFS Mortgage Corp. — Fri, 13 Feb 2009 17:05:31 -0600

Teacher A+ Home Buying Program Workshop for Realtors

Hosted by:
Fidelity National Title
CFS Mortgage Corporation
Teacher A+

This workshop is for Realtors. It is designed to give them the tools, ideas and support to become part of their teacher community.

We will outline strategies to find and help teachers with their home buying needs.

Time: March 26, 2009 from 10:30am to 12pm
Location: Fidelity National Title
Street: 60 E. Rio Solado Pkwy, 11th Floor
City/Town: Tempe, AZ 85281

RSVP: Events section at www.teacheraplus.com or email troys@ cfsmortgage.com

Hope to see you there,

Troy Schuricht

98% Home Loan Program - Arizona

CFS Mortgage Corp. — Tue, 18 Nov 2008 15:21:02 -0600

NEW!! 98% HOME LOAN PROGRAM

Conventional Financing (not FHA)

Custom loans specific to your realtor's most difficult needs

Community First Financial, LLC is excited to announce our new 98% home loan program. The 98% loan program is one of the best low down payment solutions in Arizona. This program requires a 2% down payment that can be gifted by a family member.

Overview of guidelines:

98% Home Loan Program

· 90% 1^st Mortgage

· 8% 2^nd Mortgage

· Primary Residence

· 620 Credit Score

· Fixed Interest rates

· Full Documentation of Income

· Interest Only Option

· Up to $417,000 loan amount

· 3% seller paid closing costs

· Can be used to buy bank owed, foreclosures and flip properties, no 90 day seasoning

· 1^st time homebuyer education required

· Family may gift down payment

Why the 98% program is better than FHA:

· No Up-front Mortgage Insurance Funding Fee

· Lower Payment than FHA 99%

· No FHA property inspections

· No 90 days seasoning on seller ownership

· Higher income limits

· No seller funded down payment

Please contact me with your scenario.

Thanks,

Troy Schuricht

Community First Financial, LLC

MB # 0909115

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office
602-790-0210 - cell

480-393-8801 - fax
tschuricht@communityfirstfinancial.com

www.communityfirstfinancial.com

www.TeacherAPlus.com

click to: Google Troy Schuricht!

Home Search Ideas for Teachers Requests

CFS Mortgage Corp. — Wed, 12 Nov 2008 17:21:34 -0600

www.TeacherAPlus.com continually has requests for home searches across the country. We welcome your suggestion to regional or national automated home searches for our teachers. The feedback I have received is that teachers now recognizes the opportunity to purchase and now is looking for the homes that are most affordable.

Thanks for your feedback.

Troy Schuricht

Community First Financial, LLC

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

www.communityfirstfinancial.com

www.TeacherAPlus.com

click to: Google Troy Schuricht!

Finance more than 4 properties

CFS Mortgage Corp. — Fri, 10 Oct 2008 15:57:45 -0500

4 or MORE??

I do have at least two lenders that still allows borrowers to finance more than 4 properties. These particular banks do not have a limit to the number of properties owned, individuals just have to be able to qualify. Here is a brief overview of their guidelines:

- Max loan to value 75% (purchase & refinance)- Max Loan to Value 70% (cash out)

- Interest Rate 6.75-7.25%

- Term 30 year fixed- 1% Prepayment charge if paid off in first three years (.5% fee to have no prepay)

- Full Documentation of Income

- Must own 12 months to use appraised value

Please contact me for further details. tschuricht@communityfirstfinancial.com

Thanks,

Troy Schuricht

Community First Financial, LLC

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

www.communityfirstfinancial.com

www.TeacherAPlus.com

click to: Google Troy Schuricht!

Success Stories of Teacher A+

CFS Mortgage Corp. — Thu, 25 Sep 2008 14:44:35 -0500

Teachers - Buy now!

Here's what I do know- Depending on your price point for a new home, Experts are touting 2008 to go down in history as the "BEST YEAR TO BUY". In every price point, there are good deals. Foreclosures and short sales continue to flood the market and keep comps lower than any other time in history. If you couple that with Sellers that have had their home listed on the market for a long time, this puts YOU in the driver's seat. An added bonus in your favor right now is Interest rates are LOW!! Befo... Continue

Posted by Jeannine on September 24th, 2008 at 2:48pm - No Comments (Add)

A great time to buy

Home prices in the West Valley are the lowest in several years. There are also a lot of lender owned homes on the market that may need some work, but are an excellent value for someone who can do a little work. There is also a special program for teachers who buy a HUD owned home (one that has been foreclosed on) that can result in a substantial discount. If you know someone who is looking to buy, please have them contact me for details of the program. Joan Toner Century 21 All Star 623 512 5045... Continue

Posted by Joan Toner on September 24th, 2008 at 1:42pm - No Comments (Add)

Glendale, AZ Success Story - September 2008

Here is my success story of the current market place. My wife and I have best friends that have owned a home for the last 6 years. Our friends have employment in the non-real estate work place. They are individuals I would consider a very average home buyer. They initially started looking at potential foreclosures to flip. They have heard the wonderful stories about foreclosures and the price they can be bought for. With a little work and the right real estate advisors they stumble across a home... Continue

Posted by me on September 24th, 2008 at 1:36pm - No Comments (Add)

Curent Housing Market

The Surprise, AZ and Maricopa County real estate market is under going a change just as other markets in the US. Currently in the US about one third of all US sales are Foreclosures or Short Sales. In our area that number is higher. If you are looking for your new or real sale homes the market is in your favor. The prices are relativly low for example I just reviewed A home with over 2100 sq ft for $139,900. Buyers are able to negotiate with banks and lenders which enables them to own a home whi... Continue

Posted by Jack Stevens on September 24th, 2008 at 11:58am - No Comments (Add)

It's a great time to buy!

There was an article with this title in the Sun. Sep. 21 edition of the East Valley Tribune. I was quoted in this article. It really is a great time to buy! There are some great deals out there! Chris Bastian Cirrus Realty Group

Posted by Chris Bastian on September 24th, 2008 at 9:58am - No Comments (Add)

Every Listing Should Have Its Own Website

CFS Mortgage Corp. — Tue, 23 Sep 2008 11:09:12 -0500

Community First Financial, LLC is pleased to offer you our free Property Marketing Services.

Do you have any listings that you want a boost in marketing? Then check out our FREE, no strings attached marketing program!

Here is what we can offer you:

A highly effective marketing system for each of your listings; as many as you want!
A complete property website dedicated to informing and selling that one property. These property websites include:

Unlimited pictures per listing with a pictorial slide show.
Unlimited documents per listing like inspection reports, appraisals, disclosures.
You can upload video clips, floor plans, pdf's... just about anything you need.
Property map with Ariel Views.
Financing page with calculator.
Community, demographics and schools links.
You can print flyers from the website.

Contact forms where agents or buyers can request a showing or request more information. The contacts are emailed directly to you!

We can even create custom graphics so your property websites have a one-of-a-kind look.
Our system will automatically feed the property to numerous popular real estate and classified ads websites to generate traffic and increase interest in that property. Sites like Google (base), Craigslist, Backpage, Trulia, Oodle, PropSmart...
A complete feedback system to request, record, and chart the feedback from agents that have shown the property. (just this alone will save you hours of time) Even the homeowner can be involved and input showings...
We can quickly and easily generate flyers and postcards, with multiple layouts to choose from. No more countless hours on the computer, or waiting weeks for someone else to do them.
We have two flyer blast systems, one that can announce the home to thousands of agents, and one to contact all the agents that have previously shown that property.
We offer sign riders with that properties website address to promote that property, and to generate more listing calls from the neighborhood. Show that you go above and beyond!
We can set it up for "texting for property info" with call capture. Attract the younger generation! A quick, easy way for buyers to get more information on the property - and you get a lead!
You have the ability to list your properties on our TeacherAPlus.ning.com website. Here you will find thousands of potential buyers and other agents.

Here is an example of how we take your buyers full page from your listing, and create its own website:

http://www.peoriahome.canbyours.com

This marketing book goes through all the benefits in detail:

http://communityfirst.mymarketingbook.com/

Give me a call to get started! We can get you active and running immediately. The website that is created is also linked into our Teacher A+ website, our company website and personal blogs - the more exposure the better!

WWW.TEACHERAPLUS.COM

Impress your sellers! Use this tool on your listing appointments to impress potential clients.

Let us help you sell that house!

Troy Schuricht

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

WWW.TEACHERAPLUS.COM

click to: Google Troy Schuricht!

Home Buying & Loan Program for Teachers

CFS Mortgage Corp. — Mon, 22 Sep 2008 22:30:30 -0500

Teacher A+ : Home Buying & Loan Program

Community First Financial, LLC is proud to announce our new home buying program & home loan program. We are dedicated to assisting educators, faculty, staff and their families with the proper education, tools and guidance.

The HOME BUYING PROGRAM

Homes starting at $54,500
Selected Homes - No Money Down
Foreclosures & Short Sales Available
Network of Real Estate Professionals Dedicated to Teachers
24/7 Online Support and Help
www.TeacherAPlus.com

The HOME LOAN PROGRAM

Teacher A+ 30 Year Fixed Loan
Interest Rate Bid Desk*
No Down Payment*
Free Appraisal
Free Credit Report
Lower Your Existing Payment
www.CommunityFirstFinancial.com

*Teacher A+ Interest Rate Bid Desk Overview - The "Bid Desk" is designed to help Community First deliver the best available interest rate in the marketplace. If a teacher can document that another lender has a better interest rate for a particular product, Community First's Bid Desk will attempt to match or beat that price.

*1^st Time Home Buyers - Purchase selected new homes with no down payment. We use a non-traditional credit score method which allows teachers with challenged credit or no credit history to qualify. The Teacher A+ loan can be combined with any city, county or state grants and also allows gifts from family.

Call 480-305-8905 today to get started!

Visit us at www.TeacherAPlus.com for more information.

Or email tschuricht@communityfirstfinancial.com for more information.

Those that know me know I belong to a family of educators. I hold them and all teachers in high regard. Please forward this email to anyone you know in the educational field.

Troy Schuricht

Community First Financial, LLC

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

Group Make Push for Teacher Home Ownership

CFS Mortgage Corp. — Mon, 04 Aug 2008 16:44:19 -0500

The on-line community of Teacher A+ is quietly putting together a group of Realtors, title companies, loan officers, and other key advisers of the home buying process to help teachers.

This group of real estate professionals assist educators and their families with the proper education and guidance of purchasing a home.

The Department of Labor reports that preschool, kindergarten, elementary school, middle school, and secondary school teachers, except special education, held about 4.0 million jobs in 2006. This group at Teacher A+ will have its work cut out for it considering the number of teachers has grown even more over the last few years.

With many regions in the US having dramatic decreases in home prices, many first time home buying teachers will be in the market to buy affordable housing.

Some members of the on-line community come from a teaching back ground and give great insight to helping today's teacher over come the fears of recession and financing. Teacher A+ looks to provide guidance through mentoring and preparation. With this teachers will see the opportunity of real estate.

For more information or to join: www.teacheraplus.ning.com

Community First makes news in Maricopa, AZ

CFS Mortgage Corp. — Tue, 29 Jul 2008 13:04:42 -0500

Options exist for those shopping for a better home loan
By Michael K. Rich
July 4, 2008

Community First Financial, LLC is giving potential homebuyers in Maricopa a new option when it comes to choosing a loan.

This new loan is available only through the Scottsdale mortgage broker and is aimed at getting potential first time buyers with less than desirable criteria approved.

Requirements for this new loan program are a minimum credit score of 550, a minimum of $500 in available funds in one or more bank accounts and 3 percent of the closing cost covered by the seller.

"This new program is aimed at people who want to buy a home and live in it, not turn around and sell it for an investment," said Troy Schuricht, an agent at Community First Financial.

The new program is similar to an FHA loan; however, the credit requirements are not as stringent, and the home purchaser is not required to carry mortgage insurance.

Mortgage insurance is a requirement that lenders often put on loans that protects them if the property goes into foreclosure.

"This coverage typical costs the borrower $50 per $100,000 of home value," Schuricht said.

Besides not requiring the borrower to carry mortgage insurance, this new program sets limits on the amount of income a family can make in order to qualify.

The limit on a single dependent family is an annual income of $59k and, as dependents are added, the income limit increases.

If the homebuyer is approved, the loan is a fixed rate 30-year mortgage.

"The interest rates for this loan have been hovering around the 6.5 percent mark," Schuricht said.

Documents the buyer will need to have prepared when applying for this loan are pay stubs, w-2s and a recent bank statement showing a balance of $500.

"I'm not saying that we can get everyone qualified, but we will do our best," Schuricht said.

For more information on this new loan program contact Troy Schuricht at (480) 305-8905.

For the more info: http://www.85239.com/REALESTATE/RealEstateArticleDetails.aspx?mid1=437&&ArticleID=3728

Model Home Center Realty Agent Joins Forces with Teacher A+

CFS Mortgage Corp. — Thu, 24 Jul 2008 20:28:19 -0500

Kim Pickens and Model Home Center Realty team up with Community First Financial and Teacher A Plus Home Buying Program adding more value and creating support for our teachers.

Kim's niche is working with homeowners who may be potentially over leveraged and behind on payments and have exhausted all options of keeping their home. You may possibly be facing a Foreclosure situation and may have lots of questions and don't know who to turn to. So let me help by answering those questions with a no obligation consultation in my office.

I specialize in helping those clients with a Short Sale Listing. Each situation is unique. I would market your home as usual while asking the lender to take less than what is owed on your property and I wold prepare a short sale packet to submit to your lender so we can find you a buyer and be able to sell your home even if you can't afford commissions and closing costs.

We look forward to her support and advisment of teacherson short sales and other real estate transactions.

Go to www.teacheraplus.ning.com for more information.

Why Teachers Should Own Homes

CFS Mortgage Corp. — Sat, 19 Jul 2008 17:02:59 -0500

The advantages of owning a home can be both tangible and intangible. There are few that would argue that owning a home is a bad idea over renting. As in every real estate transaction careful analysis and thought should go into your home purchase.

Here are a few reasons why we should help more teachers become homeowners.

Pride of Ownership. Owning your own home can increase self-esteem and personal pride. The satisfaction that comes from feeling connected to the land you occupy and the home in which you live is ages-old. Few accomplishments in life are as enduring or enriching as the experience of owning in your own home.

Family Stability. Almost half (43%) of all homeowners stay put for eight or more years (according to the 2005 National Association of REALTORS® Profile of Home Buyers and Sellers). By living in one place for an extended period of time, children are more likely to be raised in a stable environment. Advantages of this include a consistent educational experience, ability to form long-term relationships, and the child's overall emotional security.

Real Estate Appreciation. No one can guarantee if or how much a property will appreciate. If the value of your home increases to the point where you can sell it for more than your purchase price, that difference in value is called appreciation. You can reinvest that appreciation in other real estate or you may want to downsize and keep the value of that appreciation for retirement or other purposes.

Building Equity. When you own your own home, you "pay rent" to yourself instead of a landlord. Most homeowners pay for the property by obtaining a mortgage. As you pay off that mortgage, your equity builds and you gain an increasingly larger share in a valuable asset.

Sweat Equity. Homeowners are free to redecorate, remodel and accessorize a home to suit one's taste and lifestyle. The benefits of homeownership are not only that you have the right to make improvements but that the value of those improvements becomes yours as well.

Redused Tax Benefits. Mortgage payments have their benefits. Most home mortgage interest, mortgage insurance and property taxes are usually tax deductible. Depending on your circumstances, you may save a considerable amount in taxes. Of course, you should always consult a CPA.

Privacy. While there are usually some limits on the access that landlords have to property, almost all landlords can access your property for necessary inspections and maintenance. Homeowners, on the other hand, generally have much stronger property rights and experience an increase in perceived and actual privacy.

Good luck teachers.

Troy Schuricht

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

wwww.teacheraplus.ning.com

click to: Google Troy Schuricht!

Farmers Insurance Agent Joins Forces with Teacher A Plus Network

CFS Mortgage Corp. — Fri, 18 Jul 2008 21:51:12 -0500

Heath Pyle and Farmers Insurance team up with Community First Financial and Teacher A Plus Home Buying Program adding more value and creating support for our teachers.

Teachers work tirelessly to develop this country's greatest resource - our children. At Farmers we're devoted to helping educators find information that will help them achieve their personal and professional goals.

Especially for Teachers
As an educator, responsibility and care are hallmarks of your profession. In honor of this, you may be eligible for a special discount* on some of your Farmers premiums. Contact your local Farmers agent to learn more.

Resources for your Classroom
Farmers has designed free educational programs designed specifically for in-class use. These ground-breaking and award-winning educational programs are already in use in more than 150,000 classrooms. These programs include:

American Promise
A story about America and the people who make it work, The American Promise is a supplement to the PBS Television Series.

The Bronze Screen
Captured within so many Hollywood films are exciting, entertaining and inspirational stories of the Latino experience in the United States

Freedom's Song
Freedom's Song celebrates a century of African-American history.

Keeping Students Safe

· Child Identification Kit

· Y.E.S.

· Bicycle Safety

• m.i.l.k.

Find out more at www.teacheraplus.ning.com.

Teacher A Plus Real Estate Network

CFS Mortgage Corp. — Fri, 18 Jul 2008 21:45:39 -0500

What's New!!!

www.TeacherAPlus.ning.com

What is it?

A network of real estate professionals that assist educators and their families with the proper education and guidance to purchasing a home.

Who's it for?

All real estate professionals who want to help teachers.

More information go to www.teacheraplus.ning.com

Troy Schuricht
7575 E Redfield Rd Suite 235Scottsdale, AZ 85260
480-305-8905 - office
troy@cffinfo.com
http://www.communityfirstfinancial.com/
http://www.yourlendertroy.blogspot.com/
click to: Google Troy Schuricht!

Teacher A+ Home Buying Program

CFS Mortgage Corp. — Fri, 18 Jul 2008 21:32:41 -0500

Community First Financial, LLC is proud to announce our new home loan program that assists educators and their families with the proper education and guidance to purchasing a home.

How is this loan different?
· Visit http://www.teacheraplus.com/ and http://www.teacheraplus.ning.com/
· Only for qualified Educators and families
· Community partners to assist you
· Access to foreclosures and short sales
· Teacher A+ Home Loan Program

Low down payment options
Reduced interest rates
Discounted closing costs

What educational tools are available?

· Our unique presentation of the home buying process
· Teacher A+ lesson plan for home buying
· Free home buying seminars
· Rich Dad's Real Estate Advantages Book
by Sharon Lechter and Garrett Sutton - Free with application and loan approval

How does this loan program help?

· Educates you on why buying a home is important
· Helps you choose the loan that is best suited for you today and the future
· Continue education in building wealth with real estate

Community First Financial, LLC understands that very few people can explain the entire home buying process along with the tools to help you with your decision. Let us teach you the home loan process, options and real estate possibilities.

Call 480-305-8905 today to get started!

Visit us at http://www.teacheraplus.com/ for more information. Or email troy@cffinfo.com for more information by email.

Those that know me know I belong to a family of educators. I hold them and all teachers in high regard. Please forward this email to anyone you know in the educational field.

Troy Schuricht
Office: 480-305-8905
Toll free: 888-542-2288
7575 E Redfield Rd. Ste 235
Scottsdale, AZ 85260

Fire Fighter 1st Home Loan Program

CFS Mortgage Corp. — Wed, 02 Jul 2008 16:27:05 -0500

Fire Fighter 1^st Home Loan Program

Community First Financial, LLC is proud to announce our new home loan program that assists fire fighters and emergency responders with the proper education and guidance to purchasing a home.

How is this loan different?

· Visit www.firefighter1st.com

· Only for qualified Emergency Responders and families

· Credit repair specialists available

· Community partnership for real estate discounts

· "1% rebate on purchases"

What educational tools are available?

· Our unique presentation of the home buying process

· Emergency Responders home buying tool kit

· Free home buying seminars

· Rich Dad's Real Estate Advantages Book

By Sharon Lechter and Garrett Sutton - Free with application and loan approval

How does this loan program help?

· Educates you on why buying a home is important

· Helps you choose the loan that is best suited for you today and the future

· Continue education in building wealth with real estate

Community First Financial, LLC understands that very few people can explain the entire home buying process along with the tools to help you with your decision. Let us teach you the home loan process, options and real estate possibilities.

Call 480-305-8905 today to get started!

Visit us at www.firefighter1st.com for more information. Or email troy@cffinfo.com for more information by email.

Troy Schuricht

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

http://www.yourlendertroy.blogspot.com/

click to: Google Troy Schuricht!

Teacher A+ Home Loan Program

CFS Mortgage Corp. — Wed, 02 Jul 2008 16:24:04 -0500

Teacher A+ Home Loan Program

Community First Financial, LLC is proud to announce our new home loan program that assists educators and their families with the proper education and guidance to purchasing a home.

How is this loan different?

· Visit www.TeacherAPlus.com

· Only for qualified Educators and families

· Credit repair specialists available

· Community partnership for real estate discounts

· "1% rebate on purchases"

What educational tools are available?

· Our unique presentation of the home buying process

· Emergency Responders home buying tool kit

· Free home buying seminars

· Rich Dad's Real Estate Advantages Book

By Sharon Lechter and Garrett Sutton - Free with application and loan approval

How does this loan program help?

· Educates you on why buying a home is important

· Helps you choose the loan that is best suited for you today and the future

· Continue education in building wealth with real estate

Call 480-305-8905 today to get started!

Visit us at www.TeacherAPlus.com for more information. Or email troy@cffinfo.com for more information by email.

Those that know me know I belong to a family of educators. I hold them and all teachers in high regard. Please forward this email to anyone you know in the educational field.

Troy Schuricht

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

http://www.yourlendertroy.blogspot.com/

click to: Google Troy Schuricht!

100% Financing Still Available in Arizona

CFS Mortgage Corp. — Thu, 20 Mar 2008 20:13:35 -0500

What if I said that even in a declining market buyer can still finance there new home with no money down? It is hard to believe that 100% financing is still available in the current real estate market, but it is.

Here is the catch: It is only available to homes in Rural Communities. If the home you are buying falls in an eligible area, not only can you finance a 100% of the purchase price, you can use the appraised value and include all of the closing cost and pre-paids.

In a simple scenario:

Purchase Price: $250,000

Appraised Value : $265,000

Closing Costs: $7500

Your new loan amount $257,500.

There is no need to ask the seller to pay closing cost. This loan works off appraised value.

How is this possible? Well let's thank Uncle Sam. The US Department of Agriculture actually funds this loan through the Rural Housing Department. The program is designed to promote home ownership in the rural parts of the country. In Arizona the beauty of this loan is areas like Anthem, Queen Creek, Buckeye, Sedona and more are all considered rural areas. There are also income limitations and a formula to calculate if borrowers are eligible. But a rough estimate of qualification is $50,000 - $90,000 of household income should qualify and loan amounts should be under $300,000.

Who should be interested in this program? Any Realtor that has a listing or customer looking to buy a home in Anthem, Buckeye, Queen Creek, Wickenburg, Show Low, Kingman and many other rural communities. And also any buyers that have had there 100% financing taken away because of the declining market.

Here are the steps to prequalification:

Contact Troy Schuricht at 480-305-8905
Find out if your is income eligible
Find out if your proprty is eligible
Get Preapproved
Open Escrow on new property
3-4 weeks close your loan

This process is surprisingly simple. And here is the best part, the interest rate and payment will beat any FHA loan out there.

Current Rates are under 6%, have no mortgage insurance and are a 30 year fixed term.

All buyers and Realtors in rural area in Arizona should take 5 minutes and contact me to get all the details on this loan and how it could help grow your business.

PS: IT BACKED BY THE GOVERNMENT AND HAS THE LOWEST DEFAULT RATE OF ALL GOVERNMENT LOANS.

Top things to remember: 100%, Uncle Sam, and Rural Homes

For more information please call or email: troy@cffinfo.com

Troy Schuricht

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

http://www.yourlendertroy.blogspot.com/

click to: Google Troy Schuricht!

Lending Guidelines on Investment Properties

CFS Mortgage Corp. — Wed, 20 Feb 2008 12:18:49 -0600

Fannie Mae & Freddie Mac Mortgages

Nearly every Bank, Credit Union, Mortgage Banker and Mortgage Broker can offer the loan products backed by the federal charted companies Fannie Mae and Freddie Mac. Investors that have good credit, can document income and are ready to put money down can acquire a loan from either Freddie or Fannie. Investor's utilize this loan because they are the most competitive loans when it comes to interest rates and closing. These loans are underwritten through an automated system which takes credit, assets, loan to value, and debt ratios into consideration. Because the loans are underwritten by a computer there are certain compensating factors that can help approve your loan. Let's say Joe investor has ok credit, high debt ratios (60%), but has lots of reserves and can put 30% down. They could approve this borrower because there are assets reserves to compensate for his high debt ratios and just ok credit. Believe it or not Freddie Mac even has a Stated income program. That's right, a federal charted company has a stated income program. It truly is designed for self employed borrowers, but salaried individuals can use it as well.

Below is a thumb print of what you can expect from Freddie Mac on investment properties:

Full Documentation: Ideal for borrowers looking for conforming loan amounts who have good credit and assets:
1 unit: 90% LTV / 85% 1st Lien / 90% TLTV - $417,000
2 unit: 90% LTV / 85% 1st Lien / 90% TLTV - $533,850
3 unit: 75% LTV / 70% 1st Lien / 75% TLTV - $645,300
4 unit: 75% LTV / 70% 1st Lien / 75% TLTV - $801,950
Cash Out 1 unit: 85% LTV / 80% 1st Lien / 85% TLTV - $417,000
Cash Out 2 unit: 85% LTV / 80% 1st Lien / 85% TLTV - $533,850
Cash Out 3 unit: 70% LTV / 65% 1st Lien / 70% TLTV - $645,300
Cash Out 4 unit: 70% LTV / 65% 1st Lien / 70% TLTV - $801,950
Not available IO

Stated Income: Ideal for self-employed/salaries borrowers with excellent credit. No tax returns or other written verification of income. Assets are required to be verified.

1 unit: 90% / 90% - $417,000 - 720 75% / 90% - $417,000 - 680
2 unit: 90% / 90% - $533,850 - 720 75% / 90% - $533,850 - 680
3 unit: 80% / 80% - $645,300 - 720 75% / 80% - $645,300 - 700
4 unit: 80% / 80% - $801,950 - 720 75% / 80% - $801,950 - 700
Cash Out 1 unit: 75% / NA - $417,000 - 680
Cash Out 2 unit: 75% / NA - $533,850 - 680

A-minus; Ideal for borrower who don't meet "A" paper credit standards. Allow borrowers to obtain a conventional product at a slightly higher rate.

1 unit: 90% LTV/85% w/sub. financing/90% TLTV - $417,000
2 unit: 90% LTV/85% w/sub. financing/90% TLTV - $533,850
1 unit:* 90% LTV/85% w/sub. financing/90% TLTV - $417,000
2 unit:* 90% LTV/85% w/sub. financing/90% TLTV - $533,850
3 unit:* 75% LTV/70% w/sub. financing/75% TLTV - $645,300
4 unit:* 75% LTV/70% w/sub. financing/75% TLTV - $801,950
Cash Out 1 unit:* 85% LTV/80% w/sub. financing/85% TLTV - $417,000
Cash Out 2 unit:* 85% LTV/80% w/sub. financing/85% TLTV - $533,850
*Borrowers may not own any other financed investment properties

This is great news for the investors that rely on the Fannie Mae and Freddie Mac loan products to finance your properties. Rates are down and Congress has passed legislation to increase the minimum loan about. The details are currently be worked out but some figures are has high has $739,000 in some markets. This increase will only be for 2008

Troy Schuricht

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

http://www.yourlendertroy.blogspot.com/

click to: Google Troy Schuricht!

Conforming Loan Limits to Increase

CFS Mortgage Corp. — Fri, 25 Jan 2008 22:05:12 -0600

There is current legislation in front of congress that will increase the conforming limit from $417,000 to s much as $750,000 in some markets. Congress is currently working on the details of where, how much and how long will the new limits be in place.

Why is this important? Jumbo loan interest rate have been nearly 1.5% higher in some case than conforming rates. Your $550,000 could cost $400 a month less after this change.

The real estate market will bounce back(to normal pre-2003). With rates being very low, seller and buyers expectations becoming more realistic and now conforming limits increasing, this is exactly the lift we all need.

Troy Schuricht

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

http://www.yourlendertroy.blogspot.com/

click to: Google Troy Schuricht!

Max your HELOC today, banks are going to freeze your account!!!

CFS Mortgage Corp. — Fri, 18 Jan 2008 11:02:37 -0600

MAX YOUR HELOC!

My sources within the banking industry tell me that next week a number of large banks will start to freeze the Home Equity Lines of Credit on many of their borrowers. This means if you have any available credit/balance on your credit line it will be frozen and home owner will NOT be able to use it. I can confirm that USAA has already started this process in the state of Arizona.

Why would banks do this?

Lets say you have a line of credit for $100,000 on your home. At the time that you took out equity to 90% of the value of your home. Currently you only have $30,000 on the line of credit, but the ability to take out $70,000 more at any time. Now the bank that has your HELOC has looked at it's portfolio and sees that when they lent you the money your line was at 90% of the value , now due to declining markets they feel that this line of credit could be leveraged at 120% in some markets. Not only is there collateral worth less, but the return on that investment is dropping. Prime has declined 1% over the last year and will drop another .5% by the end of the month, so the rate of return on the banks investment into your property has dropped significantly. Basically declining values and a decrease in rate of return is forcing the banks to make a decision, FREEZE ALL HELOCS.

What I know?

USAA has started doing this, Countrywide, Wells Fargo, Bank of America, Citi Bank, Chase and a long list of others will follow. There are number of banks that have completely shut down their Home Equity division, so I guess this move should be expected.

As I am writing this my business partner and an employee left to go their bank to cash out their HELOC. This move by the banks make sense, so if you think you might need that line of credit you now need to transfer the money out of the HELOC and into your savings account today.

I will let you know when the official word is passed.

Troy Schuricht

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

http://www.communityfirstfinancial.com/

http://www.yourlendertroy.blogspot.com/

http://activerain.com/tschuricht