8-5-11 FHA Arizona mortgage scenario
August 5, 2011 by Eddie Knoell · Leave a Comment
Here is a Arizona Mortgage scenario that I received today, 8-5-11 that I think is worth posting; Husband and wife want to be approved for a new FHA loan. The wife is on title (along with a couple other family members) of the home they currently live in. The wife is not on the Arizona mortgage. She [...]
Scottsdale AZ home loan and sales data for week of 6-29-2011
July 14, 2011 by Eddie Knoell · Leave a Comment
Bullet points for Scottsdale AZ home loan and sales data for week of 6-29-2011 The 3 week trend continues to see higher Scottsdale home prices. Likewise, after several weeks of lower supply, the it inventory rose after June 8, 2011 in the Scottsdale home market. The average list pice has gone up $19,000 in the [...]
Phoenix AZ home loan and sales data for week of 6-22-2011
June 23, 2011 by Eddie Knoell · Leave a Comment
Bullet points for Phoenix AZ home loan and sales data for week of 6-22-2011 The 3 week trend of higher listings broke after June 8, 2011 with a decline in housing prices Likewise, after several weeks of lower supply, the it inventory rose after June 8, 2011 in the Phoenix home market. The average list [...]
Phoenix home loan and sales data for week of 6-1-2011
June 10, 2011 by Eddie Knoell · Leave a Comment
Bullet points for this update on the Phoenix home loan and real estate Continuing to see a 3 week trend for higher listing prices and and lower amount of listings. Supply has been falling and in the Phoenix home market. The longer this trend continues, the more we can depend on a faster stabilization of [...]
Arizona Mortgage Rates and Credit Scores
April 20, 2011 by Eddie Knoell · Leave a Comment
The higher your credit score, the better Arizona mortgage rates you can expect to get. With average scores, you may have to pay fees known as points to lower the Arizona mortgage rate to one that you want. If you have a low score, you may not even qualify. Even with a good credit score [...]
Beware of Low Arizona Mortgage Rate Ads
April 18, 2011 by Eddie Knoell · Leave a Comment
Borrowers should be aware of ads for Arizona mortgages that offer very low rates because they may just be teaser rates to get you to look at their loan products. You know the old saying, “if something sounds too good to be true, it probably is”. That is good advice when it comes to choosing [...]
Arizona Mortgage Points Are Tax Deductible
April 14, 2011 by Eddie Knoell · Leave a Comment
One Mortgage point is the equivalent of 1% of your loan. So if you pay two mortgage points at the time you obtain your loan or refinance, you are paying 2% of your loan. Mortgage points are used to allow borrowers to obtain a more favorable loan rate. When you pay points to obtain your Phoenix [...]
