First time home buyer: What is the difference between Mortgage Pre-Qualification and Pre-Approval? When you are buying home in Phoenix, your Real Estate Agent may ask you whether you had pre-qualified or pre-approved for mortgage. So, what’s the different between Mortgage Pre-qualification and Mortgage Pre-approved? Photo by Precondo CA on Unsplash What is Mortgage Pre-Qualification? […]
What is the difference between a mortgage banker and a mortgage broker? Who should I get mortgage from? When you are buying a home with mortgage, you most probably will hear the terms mortgage banker, mortgage broker or mortgage lender. You may ask yourself, what are the differences? A mortgage lender is a financial institution […]
What You Need to Know: What is Consumer Financial Protection Bureau CFPB? For more than 30 yeas, federal laws has required all lenders to provide two disclosure forms to consumers when they apply for mortgage and two additional short forms before they close the home loan. These forms were developed by different federal agencies under […]
5 Things You Didn’t Know About FHA Mortgage Rates The Federal Housing Administration (FHA) is a government agency that sets the standards for building construction — but for homeowners or home buyers it can be a lot more. FHA-approved loans can help borrowers overcome obstacles standing between them and homeownership, and give homeowners options to […]
First Time Home Buyer: What is Private Mortgage Insurance (PMI) When Buying a House? When you buy a house in Phoenix AZ and you are getting mortgage, your lender will look at the amount of your down payment compared to the sales price. This is to determine your loan to value ratio aka LTV ratio. […]
Arizona Home Plus Home Loan Program Down Payment Assistance Program The Arizona Housing Finance Authority (AzHFA) operates on behalf of the Arizona Department of Housing to assist creditworthy renters who can afford a mortgage but lack the resources for a down payment. The AzHFA Home Plus Home Loan Program provides an attractive 30-year fixed-rate mortgage […]
Conventional Loan 3% Down Payment for buying a house in Gilbert AZ Conventional Mortgage Loan 3% Down is a Fannie Mae program that requires a minimum down payment of 3% for homebuyers with limited funds. This is a lower down payment than FHA financing, and these loans also usually have lower mortgage insurance (MI) costs. […]
What is VA Loan? The VA Home Loan Program ensures that all veterans are given an equal opportunity to buy a Home in Phoenix AZ with VA assistance. The program helps veterans finance the purchase of homes with favorable loan terms and with an interest rate that is still competitive with conventional or FHA rates. […]
New 5% Gift Down Payment Program for Conventional Mortgage Introducing New 5% Gift Down Payment Program from our lender partner. Entire 5% down payment can be gifted by another person. For example, family members can give down payment for your new home with conventional loan. Academy’s expanded requirements take the stress out of using gift […]
0.5% FHA Low Down Payment Program Making Home Ownership a Reality! Our lender partners offer a loan program with a 0.5% percent down payment to help low to moderate income borrowers achieve home ownership. Photo by RDNE Stock project from pexel *0.5% FHA Low Down Payment Program: Total financing of up to 99.5% of the […]
My commitment to my clients is to ensure your home buying or selling experience are the most rewarding, most cost & time efficient and as stress free process as possible, while maintaining a professional and ethical business.
