HomePath Loans in Arizona
HomePath Loans in Arizona
With the number of REO properties increasing, HomePath financing is becoming more common compared to a year ago. HomePath financing. HomePath financing is available for Fannie Mae REO’s (Real Estate Owned/ Bank Owned properties) by searching if the property is located on HomePath.com property search tool.
The more REOs hit the market, the more questions...
FHA Changes 2010
The Federal Housing Administration, which is supporting the housing market by insuring thousands of new mortgages every day, is expected to announce on Wednesday that it is tightening standards.
Yes, its that time again folks. FHA is making changes that will affect the housing industry, once more. As most already know the mortgage industry is rapidly and constantly changing, so the news does...
Improving your FICO / Credit Scores
Improving your FICO / Credit Scores
For a long time, longer than I care to remember, FICO Scores aka credit scores have been an super secret formula where only the credit reporting bureaus (Experian, Transunion, Equifax) knew how they worked. This, of course, is because they are the ones who created the system. For too long, we all wondered how to improve our credit scores while mortgage professionals...
90 Day FHA Flip Rule has been waived for 1 year!
FHA 90 Day Flip Rule Is Waived for 1 Year
HUD has ruled on waiving the 90 day seasoning financing contingency for buyers. What does this mean?
Effective February 1st 2010, FHA/ HUD will not require that a seller of a property be on title for 90 days or more in order to sell the property to a borrower acquiring FHA financing. This is an incredible opportunity for the majority of buyers & sellers...
How To Fix Credit Report Inaccuracies
Overview
It can be time-consuming to dispute mistakes on your credit reports and eliminate inaccuracies, but it’s worth doing. Start by calling us and obtaining a copy of your credit report.
Although most national lending institutions report consumer credit information to all three credit bureaus, smaller banks and other credit grantors may report only to one or even none. Therefore, your credit...
Little-Known Ways to Improve Your Credit Score
How to Improve Your Credit Score
Overview
Developing a solid credit history takes time. Nothing can create a dramatic overnight jump in your credit score but there are tools that can help you ensure you’ll help your score climb.
Read up on sure-fire steps to improving your credit score and reaping the benefits of a higher score – like lower interest rates and payments! Then check out FHA home loan...
Your Credit Score, Explained
What is a Good Credit Score?
Overview:
Learn the basics of credits scores and what they mean to your financial situation. Find out which part of your credit report can affect your interest rate. Then, read up on home loans that fare well in even low credit climates, like FHA and USDA Programs..
Your credit score is also known as your FICO score. FICO stands for Fair Isaac Corporation – the company...
What You Should Know About Your Credit Report
What Your Credit Report Says About You
Overview
Your credit score is one of the most important factors in determining if and how you qualify for a mortgage. But if your credit isn’t perfect, you still have safe, secure loan options that don’t rely so heavily on your credit score, like FHA.
So who compiles your credit report? A credit bureau (also called a credit reporting agency) gathers,...
Mortgages with Low or No Down Payments
Overview
No and low down payment loans require little or no cash from the buyer at the loans closing.
While Private Mortgage Insurance is generally required on any loan with less that 20% equity in the home, some mortgage programs like “Lender Paid MI” allow you to lower costly mortgage insurance.
Low down payment programs like FHA, VA and USDA can be a good idea for first time home buyers or...
Busting Myths About Interest-Only Mortgages
Interest-Only Mortgages: The Facts
Overview
You’ve heard about interest-only mortgages for years. But do you really understand what they are and who should consider them? Is an interest-only loan right for you?
Separate myths from facts and learn how the security of a fixed rate of an interest-only home loan might benefit you.
An interest-only loan is one that gives you the option of paying just...
With 11 years in the lending industry, Ted is proficient in structuring the client’s loan to ensure that the client obtains the best financing. He has become a recognized leader in real estate education and hosts real estate seminars for his clients and the business communities in the Southwest. His attention to the details and in-depth knowledge of the loan process ensures that you are getting the best service possible.
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