What is the difference between an Arizona condo and Arizona townhome?
November 2, 2011 by Eddie Knoell · Leave a Comment
What is the difference between an Arizona condo and Arizona townhome? There are many developments in Mesa, Tempe, Chandler, Scottsdale, Glendale, and greater Phoenix area that may appear like condos but they are actually townhomes. They both have similar HOAs and are often marketed to the public as one and the same. Most people think [...]
Glendale Arizona mortgage scenario for 9/21/11
September 22, 2011 by Eddie Knoell · Leave a Comment
Loan Scenario Question- I just took an application for a couple who wanted a FHA loan for a home they wanted to buy in Glendale Arizona. They are first time home owners. The problem I ran into with their application is that the husband has bad credit (low 500’s), collections on student loans, utilities, etc. [...]
Scottsdale Arizona mortgage scenario for 9/7/11
September 7, 2011 by Eddie Knoell · Leave a Comment
Scottsdale Arizona mortgage scenario for 9/7/11 – For purposes of privacy, scenario facts have been altered to protect borrowers’ idenities. Loan scenario: I have a borrower who owns a primary residence worth around $350,000 in Scottsdale Arizona. The borrower is currently upside down on this house. The borrower works for a large global company and the [...]
Mesa and Phoenix Arizona mortgage scenarios for 9/1/11
September 1, 2011 by Eddie Knoell · Leave a Comment
Mesa and Phoenix Arizona mortgage scenario for 8/31/11 – For purposes of privacy, the scenario facts are altered in the following scenarios. Loan scenario 1: A borrower works in a restaurant in Mesa Arizona and is a W2 employee. His income has gone from $9,000 in 2009, $12,000 in 2010, and is on track to [...]
Mortgage Scenarios on 8-29-11 for Arizona self employed borrowers
August 29, 2011 by Eddie Knoell · Leave a Comment
AZ Mortgage Scenario 1 with Question: I have a borrower who wants to do a rate/term refinance (just refinance borrower’s balance) of his 1st mortgage in Phoenix, Arizona. The loan to value is 76%. Borrower has a 2nd mortgage and a combined loan to value of 87%. Borrower has been self employed for 10 years. [...]
Loan Questions for 8-12-11 regarding Arizona conventional loans
August 12, 2011 by Eddie Knoell · Leave a Comment
Loan Question 1: I have a borrower who is a medical Dr. and he has a practice in Globe Arizona and Mesa Arizona. He lives in Globe AZ right now with his family but wants to buy a home in Mesa AZ close to his practice in Mesa. What is the best way to do [...]
