by kramoltz@hotmail.com | Jul 7, 2015 | Mortgages + Lending
The Phoenix metro area has the 8th biggest pool of potential HARP loan refis. Its estimated that over 10,000 homeowners qualify. The criteria are more than 20% under water, and a Fannie or Feddie loan made before 5/09. Learn more at harpprogram.org.
by kramoltz@hotmail.com | Jun 5, 2015 | Home Buying, Mortgages + Lending
Fannie Mae announced the HomePath Ready Buyer Program, that allows first-time home buyers of its properties to receive up to 3% of the purchase price in closing cost assistance. On a $150,000 priced home, buyers could receive up to $4,500 in closing cost savings....
by kramoltz@hotmail.com | May 1, 2015 | Home Buying, Mortgages + Lending
Need help coming up with a down payment? The AzHFA Home Plus Mortgage Loan Origination Program provides down payment assistance (DPA) throughout most of Arizona to qualifying home buyers who intend to occupy the home. The DPA is available in conjunction with a Home...
by kramoltz@hotmail.com | Apr 22, 2015 | Home Buying, Mortgages + Lending
One of the biggest problems first time buyers have is coming up with the down payment. A solution is to use a down payment “gift” from relatives. The National Association of Realtors says that about one quarter of first-time buyers do that. But be careful – lenders...
by kramoltz@hotmail.com | Apr 14, 2015 | Home Buying, Mortgages + Lending
The Price is Right. Although median prices have risen, most of the increase is at the low end, with moderate additions in prices higher than $400,000. And most price ranges are a good value historically. It’s Cheaper to Buy than Rent. Rents have increased...
by kramoltz@hotmail.com | Mar 1, 2015 | Mortgages + Lending
Lenders have put some borrowers through the ringer due to enhanced underwriter guidelines. Although better qualified buyers are a good thing, idiotic and illogical requirements delay the process and make an already stressful process worse. Karen Deis, the operater of...
