Troy Schuricht's (troyschuricht) Blog

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Mortgage and Lending - Community First Financial
RECENT BLOG POSTS
Rehab and Renovation  Maybe you like the location, but not the home. Maybe you like the house, but not the kitchen. Maybe you like the home you live in, but want  a bigger one.  Use of a construction loan can help you build, rebuild, remodel or rehab any home you choose.  Most work can be complet...
05/31/2008
                 "100% financing available through down payment assistance programs" - Troy SchurichtSITUATION: You would like to purchase a home but one or all of the following applies to your situation:  very limited money for a down payment  marginal credit history  high debt load FEATURES: Th...
04/01/2008
     Troy Schuricht  7575 E Redfield Rd   Suite 235 Scottsdale, AZ  85260480-305-8905 - office480-393-8801 - faxhttp://www.communityfirstfinancial.com/http://www.yourlendertroy.blogspot.com/click to: Google Troy Schuricht!      
03/28/2008
A C/P or Construction-to-Permanent, also called "One Time Close" is a type of construction loan that rolls directly into your permanent financing once your home has received its Certificate of Occupancy. Typically, the borrower qualifies for the loan to the guidelines of the permanent loan. The b...
02/11/2008
 How special are construction loans?  In a report from Countrywide Home Loans, only 1 in 10 loan officers do more than 1 construction loan per year.  So less than 10% do more than one loan per year, this makes finding a loan office that is experienced with construction loans very difficult.  Like...
02/11/2008
Maricopa County, the largest county in Arizona and one of the largest county in the USA, had over 22,000 building permits issued in 2007.  This estimate is provided to me by Construction Monitor, LLC.  With in this 22,000 there were some quite large home built and many of them still being built. ...
01/23/2008
  Maricopa County, the largest county in Arizona and one of the largest county in the USA, had over 22,000 building permits issued in 2007.  This estimate is provided to me by Construction Monitor, LLC.  With in this 22,000 there were some quite large home built and many of them still being built...
01/23/2008
 Interest Rates are at the lowest level we have all seen a long time.  Purchases and Refinancing is about to become popular again. Despite all of the recent well reported real estate related woes, I have great news for everybody.  RATES ARE DOWN!  And truth be told, rates are actually way down.  ...
01/15/2008
Why use a Construction Loan?Building your dream home, though exciting, may present many challenges. Although you may be familiar with the traditional mortgage process, a construction loan includes additional elements of risk. In a typical construction project, the contractor will request funds wh...
01/15/2008
 Use an interest reserve account:At loan closing, an account is established to pay the estimated interest costs during the construction of the home. Since the borrower is only charged interest on the amount of funds disbursed, an estimate of the average disbursed amount is made. Your construction...
01/10/2008
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