Arizona Loaned

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    What Should I Expect During the Process of Getting an Arizona Mortgage?

    Getting a mortgage today is a little different than it may have been just a few years ago. Lenders are now doing what they should have been before. Some might even say they are doing it a little too excessively! They are verifying everything! Gone are the days of having a good down payment or a good credit score and just getting the loan. Now underwriting guidelines are much tighter and they are followed to the letter. Don’t let this discourage you though. If you are even thinking about wanting to buy a home you should get pre-qualified or at [...]

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    Funds to Close on an Arizona Mortgage and the Paper Trails Required of your Deposits

    Since underwriting standards have become much tighter you may not be aware that you will have to pay close attention to the deposits you are putting into your accounts. Most people now tell me we have never had to do this before. My reply is, “you are correct you did not.” This is not the case anymore. Underwriting needs to know that you did not get a loan from someone or some place that has undisclosed debts that are not being calculated into your DTI (Debt to Income) ratio for the purpose of qualifying for the loan. Here is what [...]

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    How Long do I Need to be on My New Job to Qualify for a Mortgage?

    I get this question a lot as I do my work as a mortgage originator. The quick and short answer is: you need to be on our job long enough to get one full month of pay stubs or pay statements. Therefore if you are moving to a new state or a new location to start a NEW job (This does not include a transfer with the same company.) you will need to look for temporary housing to start that new work and then begin looking for your new home to purchase after you have a few weeks on the [...]

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    Owning Your Home Means Tax Breaks

    Being a home owner has its advantages, and never is that more clear than during tax season. Owning a home can lead to all kinds of deductions that you might not have known about or previously considered. For example, did you know that you can take the interest on your mortgage as a tax deduction? While tax day is still slightly over the horizon, now is the time to gather up the documents to make sure you aren’t missing out on any deductions. I found a good article on the topic that I’d like to share with you. But first, [...]

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    Tips for Selling Your Home in a Down Phoenix Market

    While the economy is improving, and the Phoenix real estate market is showing signs of renewed life, it can still be difficult to sell your home these days. Believe it or not, there are some fairly simple things you can do to help get that SOLD sign in your front yard. These little things can mean the difference between your house sitting on the market for months and a speedy transaction. I’ve found an article I’d like to share with you from Business Insider Magazine. “12 Ways To Sell Your House In This Crappy Market” To buy or sell in [...]