Your AZ Mortgage Pro

Yes, I would be happy to adopt you! Okay, maybe not you per se :) But I am willing to adopt your mortgage and provide you with service that probably ended from your current lender once your deal was done. So why would I want to take over providing a service to a client who has already closed thei...

Rates moved little from yesterday with limited economic data coming out today but still on the rise. Conventional 30 yr: 5.000% to 5.500%          Conventional 15 yr: 4.625% to 4.750% 3/1 and 5/1 ARM: 3.750% to 4.500% FHA 30 yr: 4.875% to 5.375%                       FHA 15 yr: 4.375% to 4.500% P...

Well, the trend continues and rates continue their ascent. Another not-so-great opening in the bond market resulting in pricing declines and slightly higher rates as a result. Shorter term mortgage pricing has all but dissolved, leaving few rate options in those categories. The demand for ARM's c...

It finally happened. It's no longer enough to have excellent credit! Fannie Mae and Freddie Mac - those who create the guidelines for conforming, Conventional Loans - are going to be imposing fees for almost ALL borrowers regardless of credit score and down payment. The only few who will be spare...

Rates continue on the upswing, markets opened worse today than Friday's close further pushing rates North. We are now definitively at or above the 5% mark for both FHA and Conventional 30 year fixed mortgages. There are still some amazing rates for those looking to use shorter term or ARM financi...

If you ask a home buyer if this will be a second home, they may simply nod and say 'sure'. But what a buyer considers a second home and what a lender considers a 2nd home can actually destroy the deal! Any home that you purchase in addition to the home you currently live in does not make it a "se...

Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing. If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or potentially even a denied loan. Short Sales & Foreclosures - Short sa...

In today's market, the number of people who have had a short sale or foreclosure are exponentially increasing, but that doesn't mean you can't ever buy again. So how long before you can purchase another home after one of these difficult events? It may not be nearly as long as you would think! Ta...

Debt-to-Income (DTI) is one of the many new mortgage related terms many First-Time Home Buyers will get used to hearing. DTI is a component of the mortgage approval process that measures a borrower's Gross Monthly Income compared to their credit payments and other monthly liabilities. Debt-to-Inc...

As expected from yesterday's news, rates continue to inch North. The big news today is that unemployment nationally fell to 9%. Considering where we were just a few short months ago, this is great news for the economy. However, any time we have positive news for our economy, it usually means inte...