May Marks 4-Month Streak of Home Price Increases

July 20, 2010

Home prices increased 2.9% nationally in May, making a pattern of yearly growth for the fourth-straight consecutive month.

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Mortgage Scams: The Two Major Types to Beware Of

July 17, 2010

The housing crisis has provided a prime outlet for mortgage scams that federal agencies are continuing to battle.

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Save Money For Down Payment – Open An IRA

July 15, 2010

Okay, I’m starting this post with the disclaimer: I’m a mortgage guy not a financial planner or tax professional. Now you may ask yourself, “why is he starting out with this kind of disclaimer?” Well, why I am starting out this way is because I’m going to venture into a financial area not exactly in [...]

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Refinancing: Mortgage Applications Jump to Highest in a Year

July 14, 2010

The number of mortgage applications to refinance an existing mortgage increased to the highest level last week that has been seen in a year.

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Fannie Mae Updates Appraisal Policies

July 11, 2010

Fannie Mae recently updated its appraisal policies due to issues found by GSE.

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Arizona Mortgage Relief Plan Gets Federal Aid

July 8, 2010

Arizona Mortgage Relief: A small number of homeowners could receive up to $100,000 in federal aid to help reduce their mortgage payments.

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May Home Sales Drop 33% Nationwide

July 4, 2010

Following the expiration of the tax credit, home sales have come in lower than estimated adding to a list of growing concerns over the economic recovery.

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Chandler Named One of New 10 All-America Cities

June 19, 2010

Chandler made this year’s cut of the top 10 All-America cities in the nation by the National Civic League.

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Steve Alonso “10 Day Close – It’s not just advertising!”

June 14, 2010

10 Day Close – It’s not just advertising!— Steve Alonso With only days remaining until their scheduled closing, my clients learned that their FHA loan would not be approved by a major bank because the property did not clear the 90 Day Flipping Rule.  Even though FHA disregarded those rules previously, major banks still have [...]

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Mortgage Rates: Record Low for 15-year Mortgages

June 10, 2010

Mortgage rates fell on both long-term and adjustable rate mortgages this week.

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Getting Your Mortgage Approved

May 30, 2010

As published in the Arizona Republic, since the fall of the economy in 2008, getting approved for a mortgage has become much more difficult. In todays current economic conditions, if you are concerned about becoming approved for a mortgage because of a flawed credit history or report, your concerns may be valid. Now more than [...]

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