Arizona Fixed Rate Mortgages
April 5, 2011 by Eddie Knoell · Leave a Comment
With today’s low interest rates, more borrowers are opting for an Arizona fixed rate mortgages. This assures the borrower that their mortgage rate is fixed for the life of the loan. If rates go down, they can always refinance later once they have built some equity. This gives the borrower peace of mind knowing how [...]
VA Mortgages for Arizona Borrowers
April 1, 2011 by Eddie Knoell · Leave a Comment
VA Arizona mortgages are available to Veterans, current active duty members, reservists and National Guard members and some surviving spouses of veterans and active duty members who died as a result of military service. The VA loans are administered by the Home Loan Guaranty Program through the Veteran’s Administration. To apply for a VA loan, [...]
Arizona Private Mortgage Insurance
March 31, 2011 by Eddie Knoell · Leave a Comment
Private mortgage insurance (PMI) is required on conventional mortgages when you make a down payment less than 20%. PMI is required because loans with lower down payments are considered to be higher risk. A typical PMI payment is around .64% percent of your interest rate. So that averages out to be about $106.00 per month [...]
