Category Archives: Blog

Qualifying For A Home Loan Is Not Easy… Buckle Up!

Posted on May 8, 2012 by Ted Canto • 0 Comments

Qualifying For A Home Loan Is Not Easy Yes, I said it!  Too many times we experience very anxious buyers, sellers, mortgage originators and well….. real estate agents who believe that the loan process needs to be faster and easier.  As a mortgage advisor, I will agree that on many given days, I wish it… Continue Reading

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Buying A Home Again After A Bankruptcy in Arizona and California

Posted on May 8, 2012 by Ted Canto • 0 Comments

Buying A Home Again After A Bankruptcy in Arizona and California Continuing our series, this month we’ll be reviewing “Buying (A Home) Again After A Bankruptcy” with an FHA loan.  I will be covering Conventional guidelines but I wanted to cover FHA since it is; overall’ more lenient than conventional after a BK. CLICK FOR… Continue Reading

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4 Reasons To Get Preapproved For A Mortgage Before Looking At Listings

Posted on May 1, 2012 by Ted Canto • 0 Comments

4 Reasons To Get Preapproved For A Mortgage Before Looking At Listings Before you begin browsing through real estate listings, you should consider getting preapproved for a home loan. Getting preapproved for a mortgage is a relatively simple process that involves a quick review of your financial picture, including your credit history, income, assets, liabilities,… Continue Reading

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FHA Postpones -Collections Need To Be Paid- Requirement

FHA Postpones -Collections Need To Be Paid- Requirement

Posted on April 9, 2012 by Ted Canto • 0 Comments

FHA Postpones “Collections Need To Be Paid” Requirement It is only my educated guess that the real estate, mortgage industry along with some consumer advocacy groups yelled loud enough so that the FHA would actually postpone the requirement that would have forced FHA home buyers in Arizona and California to either pay off their collections… Continue Reading

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HARP 2.0 Refinancing Is Working in Arizona and California

Posted on April 9, 2012 by Ted Canto • 0 Comments

HARP 2.0 Refinancing Is Working in Arizona and California OK, OK!!  I will be the first to admit!  I didn’t think that the Home Affordable Refinance Program in Arizona and California was actually going to work. Lets face it, most times when our politicians get involved things just didn’t materialize the way in which they… Continue Reading

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Buying A Home After Bad Times.. Arizona and California

Posted on April 2, 2012 by Ted Canto • 2 Comments

  Buying A Home After With the, so obvious, economic meltdown of the century staring us in the face, I found that as a mortgage advisor in Arizona and California with Academy Mortgage, a slurry of American homeowners from across the United States were contacting me for some good ole’ fashioned advice.  When talking with people whether it was on… Continue Reading

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FHA : Filed Chapter 7 Bankruptcy With A Mortgage

Posted on March 16, 2012 by Ted Canto • 0 Comments

FHA: Filed Chapter 7 Bankruptcy With A Mortgage The unfortunate pitfall of having a bankruptcy attorney that doesn’t understand mortgage lending guidelines in Arizona and California is that most bankruptcy attorneys advise their clients to file the chapter 7 bankruptcy and include their mortgage and then hand in the keys. The problem with this advise… Continue Reading

Filed Under: Bankruptcy, Blog

FHA Requires That Collection Accounts Be Paid In Arizona and California

Posted on March 15, 2012 by Ted Canto • 1 Comment

FHA Requires That Collection Accounts Be Paid In Arizona and California [youtube]http://www.youtube.com/watch?v=grxicvkkTzc&feature=youtube_gdata[/youtube] Click here for a rate quote As if it has not gotten harder enough, FHA is now requiring that lenders enforce that collection accounts be paid prior to closing on an FHA home loan.   I tell you folks, the mortgage business has… Continue Reading

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FHA Raises Their Mortgage Insurance for 2012

Posted on March 15, 2012 by Ted Canto • 0 Comments

FHA Raises Their Mortgage Insurance for 2012 [youtube]http://www.youtube.com/watch?v=us9rLa1dbZM[/youtube] The pinnacle and driving force of an FHA loan in Arizona and California is simply the Mortgage Insurance.  Many people never make the connection with what is different from any other loan  in Arizona and California.  FHA‘s flexible guidelines enables lenders to underwrite loans to its segment… Continue Reading

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FHA: Buying After a Short Sale In Arizona – Academy Mortgage

Posted on January 20, 2012 by Ted Canto • 1 Comment

FHA: Buying After a Short Sale In Arizona – Academy Mortgage Allow me to introduce Academy Mortgage’s “Buying After a Short Sale Program” In Arizona. This may sound too good to be true but nonetheless, its true.  We are now accepting and approving families who have a short sale in Arizona.   To be very clear,… Continue Reading

Filed Under: Blog