express capital mortgage: Express Foreign National Loans in 2010, by Express Capital Mortgage, Inc.
- 11/05/10 11:02 PM
Express Capital Mortgage has seen Canadians scooping up real estate in Arizona. US investment homes are very appealing in price that most all have paid for these properties in cash. Many presume financing is dried up? "Not so" Says AzMortgageMan. With 2007 went Foreign National Financing....why? 1. Express Capital Mortgage on Risk Like all loans everything is measured in risk. We don't have to break into charts and graphs and data to explain this risk. It's common sense really. Investment loans in themselves carry a higher risk. Higher risk means higher rate and more money done (major factors). If some dreaded event happened … (0 comments)
express capital mortgage: Express Capital Mortgage Working With "Thin Credit"
- 11/01/10 06:12 PM
Express Capital Mortgage has been working with many young borrowers lately that realize it's a good time to buy. The typical situation is that they have recently graduated college and have a career job but don't have any credit history yet. However, most do have history that isn't part of that credit report that can be used in purchasing a home. • Borrower must provide a sufficient number of alternative credit ratings to complete the 3 tradeline requirements • Alternative credit must be reported on a credit supplement separate from the credit used for DU purposes. Express Capital Mortgage handles this part … (2 comments)
express capital mortgage: Express Capital Mortgage on Gathering Up Your Documents
- 10/27/10 06:43 PM
Express Capital Mortgage on gathering up those mortgage documents. We don't like the ever increasing amount of documents that we collect. Worse, we don't like asking for them even more. The borrower is an integral part of making our process "Express" and AzMortgageman likes to educate in advance what the expectations are with retrieving documents. For Example, "you will have to produce much more than in the past". Having to arrange more documentation is a common complaint even with our upfront caviat, so we do everything we can to get our borrowers checklists and reminders. Documentation Logic AzMortgageMan swears his job is … (2 comments)
Before moving to that answer here are the reasons we formed a team at Express Capital Mortgage. Service- We value our relationships as we are a referral driven company plain and simple. We need our team members to be involved in all areas of origination AND processing. So many times mortgage transactions breakdown in communication within the stages of a transaction. This is because processors are processing, and originators are originating. … (1 comments)
express capital mortgage: Express Capital Mortgage on Appraisal Processes
- 10/14/10 09:00 PM
Express Capital Mortgage on the appraisal process? Ok, so AzMortgageMan is not here to rant or vent about the process per se but we like to share our recent findings with value challenges. First, where we are getting information on the values of properties? Express Capital Mortgage has access to a free tool from a title company where we go to basically get comps based on tax records. Fast, free, and easy resource. One step higher than county tax records and definately NOT as good as having ARMLS access. Express Capital Mortgage or AzMortgageMan does not have direct access to appraisers, nor do we have … (3 comments)
express capital mortgage: AZ Foreign National Loans By Express Capital Mortgage Inc.
- 10/10/10 08:16 PM
Yes, we can do them! And NO, we ain't just saying.... Foreign Nationals By Express Capital Mortgage Inc. Foreign National loans have been difficult or non-existent for quite some time. With so many Foreigners purchasing properties from Canada out here in Arizona we have not given up in our search for these types of loans. There is quite a demand for them, so we followed numerous sources to many dead ends. The Trail for us as a Broker AzMortgageMan has been on this quest for some time. You know those movies where the DEA is looking to find that crime boss and slowly moves … (2 comments)
express capital mortgage: Express Capital Mortgage is About Express Loans But Why a Broker?
- 09/30/10 09:04 PM
First off I will be fair. So you've probably heard or seen both sides of the coin already. But AZmortgageMan is on a mission. Here are five reasons where I can explain the unique superpowers of mortgage brokers, along with a word on how to prevent a broker from stretching your refinancing budget past the breaking point. 1. One broker, many different lenders. Mortgage brokers can put together a variety of loan packages because they have access to a wide range of lenders, who operate on a wholesale basis, relying on the brokers to find customers. A myriad of lenders operate on this … (0 comments)
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Express Capital Mortgage Inc.
USA property financing for Canadians and other For
Express Capital Mortgage is your local lending expert for Chandler, Tempe, Gilbert, Mesa, and other surrounding Phoenix Areas. Express Capital Mortgage Inc. and focused on Foreign National Financing in the United States
Express Capital Mortgage has seen Canadians scooping up real estate in Arizona. US investment homes are very appealing in price that most all have paid for these properties in cash. Many presume financing is dried up? "Not so" Says AzMortgageMan. With 2007 went Foreign National Financing....why?
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