Your AZ Mortgage Pro

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...

Yes, I would be happy to adopt you! Okay, maybe not you per se :) But I am willing to adopt your mortgage and provide you with service that probably ended from your current lender once your deal was done. So why would I want to take over providing a service to a client who has already closed thei...

Rates moved little from yesterday with limited economic data coming out today but still on the rise. Conventional 30 yr: 5.000% to 5.500%          Conventional 15 yr: 4.625% to 4.750% 3/1 and 5/1 ARM: 3.750% to 4.500% FHA 30 yr: 4.875% to 5.375%                       FHA 15 yr: 4.375% to 4.500% P...

Well, the trend continues and rates continue their ascent. Another not-so-great opening in the bond market resulting in pricing declines and slightly higher rates as a result. Shorter term mortgage pricing has all but dissolved, leaving few rate options in those categories. The demand for ARM's c...

It finally happened. It's no longer enough to have excellent credit! Fannie Mae and Freddie Mac - those who create the guidelines for conforming, Conventional Loans - are going to be imposing fees for almost ALL borrowers regardless of credit score and down payment. The only few who will be spare...