Your AZ Mortgage Pro

Here in Arizona, most would think we don't have to worry about hard freezes. Despite being in a desert, we still experience temperatures below freezing just about every year. So what do you do if you notice a plant has been affected by a hard freeze if you didn't protect it properly? The first th...

Mortgage Market Update for Arizona. All markets are going to be closed on Monday in observance of President's Day. Following that will be two housing reports, new home sales and existing home sales. The other main data points will include weekly jobless claims and January's durable goods orders. ...

My Mortgage Rate is better than yours!! Buyers will generally choose a mortgage lender for one of just a couple of reasons; rate and recommendation. Unfortunately, what the buyer doesn't know can cost them more than they think. There are a lot of ways that a mortgage company can 'manipulate' the ...

Mortgage rates for Arizona, serving Gilbert, Chandler, Tempe, Phoenix, Scottsdale, Mesa and other greater Phoenix areas. The mortgage bond market did much better again today with gains in pricing over yesterday causing rates to at least level a bit in some areas and improve in others. Despite the...

Most believe that loans are loans and there's no difference between one company and another for the same loan program. For example, if a buyer wants to get pre-approved for an FHA loan at XYZ Bank, most believe they will qualify just the same way with ABC Bank. This isn't necessarily the case. Mo...

The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1.  Up Front Mortgage Insurance Premium (UFMIP) - financed into the total loan amount at the initial time of funding 2.  Monthly Mortga...

Calculating an exact mortgage payment without a calculator on a loan is no small task, but there are some simple rules-of-thumb you can use to get a close estimate. With the exception of the MIT Blackjack Team, performing this type of complex math in your head often leads to frustrating rants. Wh...

Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps. Since there are so many rules and steps to follow, here is a simple list of Do's and Don'ts to keep in mind throughout the mortgage approval pro...

You can't turn on a TV or read a paper and not hear about the continuing damage that the real estate market is taking as a result of foreclosures and short sales and the effect of that mysterious "shadow inventory" even AR Realtor's don't agree on with respect to its existence or expected impact ...

Next week starts off slow with no economic data on Valentine's day but then heats up quickly in the middle of the week with January Retail Sales, PPI and CPI )Producer Price Index and Consumer Price Index), a couple of reports on the economy by the Feds and manufacturing sector report. The week w...