From the category archives:

Buying a New Home in Arizona

Can The 8000 Tax Credit Be Used As A Down Payment?

May 13, 2009

Can you use the 8000 tax credit as a down payment for your home?
Not yet.
But that may change soon.
Yesterday, Secretary of Housing and Urban Development Shaun Donovan gave a prepared speech at the National Association of Realtors Real Estate Summit. He said something that was probably beyond interesting when he mentioned that FHA was currently [...]

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HomePath Mortgage Loan: Maximum LTV (Loan To Value)

April 27, 2009

The Fannie Mae HomePath Mortgage loan program allows for different down payments depending on the property type and purpose of use. Make sure to check HomePath mortgage requirements before buying.

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FHA 203k Streamline or HomePath Renovation Loan: Which Is Best?

April 5, 2009

The Fannie Mae HomePath renovation loan and FHA 203k streamline loan are two great options when buying a home that is in need of a few repairs. How to determine which loan program is right for you.

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Mortgages For Canadian Citizens: Now Available

April 3, 2009

Mortgages for Canadian citizens are now available for second homes. 25% down payment and a full documentation loan with a 3 year prepay penalty.

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Home Path Mortgages: Great HomePath Mortgage Deals From Fannie Mae

April 3, 2009

The Fannie Mae HomePath mortgage financing program allows people to finance their home when they buy it from Fannie Mae with very attractive financing terms. No appraisal and no mortgage insurance with only 3% down.

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8000 Tax Credit Questions and Answers

February 26, 2009

8000 tax credit questions and answers.

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FHA HECM for Purchase Program: From The Inbox

February 7, 2009

We have been getting more than just a few questions lately about the FHA HECM for Purchase program - where seniors can purchase a home using the FHA HECM reverse mortgage program.
Here is one recent question that came in from Frank who is thinking about buying a home in Queen Creek using the FHA HECM [...]

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Mortgage Discount Points: How To Make Them Free (To You)

January 13, 2009

Does it ever make sense to pay discount points? Depending on the situation, it can sometimes make sense to pay discount points in order to “buy the rate down” even lower than rates currently are.
Discount Points - How They Work
Discount points are paid in order to “buy down” an interest rate from the par value.  [...]

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Buying A House in Arizona? Talk To A Mortgage Guy First.

January 1, 2009

Many of the people that I work with are referred to me by one of the great local Realtors that we have here in the Valley.  Some of them have already spoken to at least one mortgage professional prior to house shopping, but many of them haven’t.
My initial conversation with the client goes something like [...]

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FHA Loan Options For First Time Home Buyers In Arizona

December 26, 2008

Are you thinking about or in the process of buying your first home?
Congratulations!
In terms of “is now a good time to buy or not” I think you will probably look back in 5 years and be glad you moved when you did.
One of the most common questions we get from first time home buyers is [...]

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Will Interest Rates Go To 4.5%?

December 5, 2008

As seen on ABC 15 News…

What do the Oklahoma Sooners and a 4.5% interest rate have in common?
They may both be part of a land grab.
Ok, not really, but the national (and local) media sure did jump on the story that broke in the WSJ about the possible plan for the government to do everything [...]

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