New Arizona FHA Loan Limits

fha

As a result of the stimulus package passing, there are now new Arizona FHA loan limits.  If you have been in the market for a home that was priced above $260,000 this is great news because you now can get into a low 30 year fixed rate mortgage that is insured by FHA for up [...]

Mortgage Tricks: You Can’t Trick A Magician

shopping_cart

I was reminded this week of one of the “oldest tricks in the book” from a borrower when shopping for a mortgage. Because of the lack of transparency in the mortgage industry, there are a few tried-and-true tricks that mortgage folks use and by sharing them, my hope is that you won’t fall for them. [...]

Help For Homeowners at Risk of Default and Foreclosure

quote_lt

President Obama took two big steps forward this week in his campaign to heal the nation’s enfeebled economy: He enacted a stimulus bill and pulled back the curtain on his plans for helping homeowners. Obama traveled to Arizona Wednesday to share the details of a $75 billion foreclosure prevention plan created to aid millions of [...]

8000 Tax Credit For Arizona First Time Home Buyers

lizard_hp

Earlier today, President Obama signed into law the American Recovery and Reinvestment Act of 2009 and one of the items in the stimulus package was an $8,000 tax credit for first time home buyers. $8000 tax credit highlights include: It is available only to first-time home buyers The tax credit is available only when the [...]

Six Ways to Lower Your Homeowner’s Insurance Premiums

insurance.jpg

In this tight economy, consumers are looking for every cost-cutting measure they can find, including trimming down the cost of their homeowner’s insurance. Consider the following ways to trim expenses while maintaining effective insurance coverage: 1. Go for a higher deductible. – A typical deductible on a home insurance policy starts at $250. The more [...]

Economic Stimulus Bill – $15,000 Tax Credit For New Home Buyers

arizona-mortgage-rates-february-10-2009

It appears that later this week, some form of an economic stimulus package will pass and one of the most talked-about items in the bill is the “15,000 tax credit for new homebuyers“. For anyone who is thinking of buying a home in the next year, you will want to pay attention to the details [...]

Take Advantage of Fixed Rates – Lower Than ARM’s

mortgage-house.jpg

Freddie Mac recently released their Annual Adjustable Rate Mortgage survey saying that the volume of people who took out an Adjustable Rate Mortgage had seriously declined in the last year. Among the findings of the survey: In December of 2008, adjustable rate mortgage share of loan applications had fallen to 3 percent – the lowest [...]