As many as three million borrowers with government-insured mortgages may be eligible for lower borrowing costs when they participate in streamlined Federal Housing Administration (FHA) refinancing, according to the White House Administration on Tuesday, March 6. The fresh round of changes from the administration affects loans the Federal Housing Administration insures and would reduce fees [...]

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VA Loan Home Purchase Tips For Vets

by Chandler AZ Mortgage Expert on May 13, 2011

There is a lot of advice out there, on the Internet and other places, about the best way for Vets to get a home loan. And though it’s been said before, it’s worth repeating: if you are a Veteran or other eligible person and you do not have the 20% most mortgages require for a [...]

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Chandler real estate professionals advise potential homeowners on loan approvals

April 25, 2011

Getting the home loan you need, can be accomplished if you follow these tips your Chandler real estate professional wants you to know. When searching for Chandler homes, your financial life is going to be scrutinized by the bank so be responsible. Make sure you pay your current mortgage or rent on time or be [...]

4 Simple Tips to Buying a Home

April 13, 2011

Except for the constant changing world of residential mortgage underwriting guidelines, getting a first mortgage doesn’t have to be the ordeal you may have heard about. It can be a smooth process, if you keep in mind a few simple steps. Know how much you can borrow versus how much you want to borrow. This [...]

FHA 203k Loans in Chandler, Arizona: Popular For Rehabs

December 26, 2010

Chandler AZ FHA 203k Highlights The FHA 203k mortgage loan has become well-known for people shopping for Chandler homes with the recession in the housing market. When a property is owned by the financial institution, chances are that the property may be in need of a little work and the FHA 203k mortgage is a [...]

Which is Better? Short Sale or Foreclosure?

December 2, 2010

Dean Ouellette, East Valley Team member sits down with Kevin Hardin of Thomson Law to examine how a short salemay be better for most sellers compared to a foreclosure. You may be asking yourself why should I short salemy Chandler home? Have you heard that a foforeclosurend short saleare really the same? Many people think [...]

Chandler AZ USDA Loans

November 22, 2010

Is it possible to get a USDA loan in Chandler? Maybe not. But – there are plenty of areas that are close to Chandler where you can get a USDA loan with 100% financing and no mortgage insurance. When FHA loans no longer allowed 3rd party down payment assistance, the USDA Loan program exploded in [...]

What Sets Mortgage Rates

September 2, 2010

Mortgage rates are largely decided by the Secondary Market, not simply set by lenders. The secondary market is comprised of investors who purchase the loans made by banks, brokers, lenders, etc. and then either hold them for their earnings, or bundle them and sell them to other investors. When the secondary market sells the bundles [...]

How To Save Money on Your Mortgage in 2010 In 5 Easy Steps

August 16, 2010

Most things really worth doing need more than one step to accomplish. Anything at all complicated requires preparation, know-how and perseverance through several steps during a period of time. All that is also true about anything, like deciding on your lender. Choosing to save money on your mortgage in 2010 is not any different. Here’s [...]

Are We in a Double Dip Market?

July 23, 2010

Toronto-based Capital Economics says that a double dip in the United States housing market is now materializing.

VA Refinance – Two Types to Consider

July 20, 2010

Chances are, if you already have a VA mortgage it is likely that you have thought about a VA refinance mortgage as well. The VA loan can be refinanced through two different programs: a straight up refinance and a streamline refinance. With either program you will still realize the top benefits of a VA loan [...]