by kramoltz@hotmail.com | Dec 6, 2019 | Mortgages + Lending
A new program is providing lender-paid private mortgage insurance on conventional loans through December 31, 2019. Save big when you buy a home by avoiding the traditional 20% down required to avoid monthly PMI payments. You can avoid PMI by putting down 15% as little...
by kramoltz@hotmail.com | Nov 5, 2019 | Mortgages + Lending, Selling Your Home, Uncategorized
If you are thinking of selling your property with a carry back loan, the Dodd-Frank Act created rules applying to residential seller financing. A carry back loan makes a property more attractive as a buyer doesn’t have to come up with the entire purchase price in...
by kramoltz@hotmail.com | Oct 11, 2019 | Home Buying, Mortgages + Lending, Uncategorized
Coming up with a down payment can be difficult for young home buyers and those with high student-loan debt. But many mortgage programs allow parents to help fund their children’s down payment. There are of course hoops to jump through to assure the lender that the...
by kramoltz@hotmail.com | Sep 24, 2019 | Mortgages + Lending
Nearly a quarter of Americans have discovered problems with their credit report. Incorrect info can result in a denial of a home loan or more expensive loan terms. The most common problems are incorrect or outdated credit or personal information, information that...
by kramoltz@hotmail.com | Jul 30, 2019 | Home Buying, Home Ownership, Mortgages + Lending
Hundreds of Scottsdale residents in the Grayhawk master-planned community have been removed from the Rawhide Wash 100-year flood plain. This revision to the flood insurance rate maps means pricey flood insurance is no longer mandatory for those home owners with a...
by kramoltz@hotmail.com | May 7, 2019 | Home Buying, Mortgages + Lending
There is free money available for certain Arizona home buyers! Millions of dollars are allocated to down-payment assistance to qualifying homebuyers who intend to occupy the home. The AzHFA Home Plus program provides a down payment assistance grant equal to a...