Welcome to your Arizona Mortgage Resource
EddieMortgage.com is your Arizona mortgage resource for Arizona mortgage news and updates. Our team has taken special care and consideration to pack this online resource with a wealth of knowledge about the mortga ...
8 Questions Your Lender Should Answer About Mortgage Rates
Simply checking online for today's posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication ...
Arizona Adjustable Rate Mortgages
If you are looking for a shorter term Arizona mortgage loan with a lower initial interest, then an adjustable rate mortgage (ARM) may be the best option for you. Most Arizona borrowers choose an ARM if they are planning on keeping the property for less than 10 years or they expect their income to increase. Interest rates on ARM’s fluctuate with market conditions. If your mortgage resets and rates go up, you could end up with a much higher mortgage payment. You may not be able to refinance to ... Read More...
Refinance Your Arizona Mortgage with a FHA Cash Out Refinance Loan
More Phoenix, Arizona borrowers are using the FHA refinance cash out mortgage to refinance their Phoenix AZ mortgage today because FHA allows you to refinance up to 85% of the appraised value of your home. That is a ...
A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)
Wednesday, the Federal Reserve's Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
The Fed Funds Rate has been near zero percent since December 2008.
For the third ...
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Arizona home sold 1/21/2012 - 1/24/2012
Phoenix Arizona has 4,231 active listings as of 1/24/2012. Active listings total $1,122,034,240 in volume. For the past month, Phoenix’s average list price for sale has been $225,898 . In the last 3 days, 81 new listings came on the market, 93 homes have changed to pending, and 25 homes have suc ...
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Arizona Update on HARP 2 program
Update regarding the Arizona HARP version 2 program (we’re calling it the HARP-2)
Click here to read about the details on the HARP-2 program
HARP-2 has been available since Decemeber 1st 2011, but only at 10% capacity. The most anticipated feature, which is the ‘no-appraisal required/no max loan to value’ is still not yet available. A ...
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Arizona Home Buyers can still use FHA loans on flipped homes
Arizona Home Buyers can still use FHA loans on recently flipped homes. HUD has confirmed thaty they have extended the FHA anti-flipping waiver for another year. Homes that have been purchased less than 90 days ago and are on the market for sale are eligible for FHA financing until December 12th 20 ...
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Throughout the U.S., average home values were down in the month of October 2011
Arizona Homeowners, Take What You Will from National Reports
Yesterday, the findings in the Case-Shiller Index report were substantiated by the government: throughout the U.S., average home values were down in the month of October.
The Federal ...
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Arizona Mortgage Payments/Mo reduced by 12% since February 2011
Low Arizona mortgage rates: What should you do now?
There is a direct correlation between mortgage rates and housing costs: a decline in the former will almost inevitably lead to a decrease in the latter. As far as market trends go, this is your time to refinance your house or purchase a new asse ...
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Eddie Knoell - Senior Loan Officer-
A Native Phoenician serving Arizona Homeowners for 9 years as a Loan Officer. ”Trusted Loan Professional"
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