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What happens in Washington doesn’t stay in Washington!

Filed under: Mortgage Blog by Ericp

Last Week in Review: Washington was at it again, with big news from both Congress and the Fed. Learn what this means for you…and for home loan rates! Forecast for the Week: Two juicy economic reports bookend the week, bringing highly anticipated news on inflation and the labor market. View: Hitting the road for July [...]

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  • Week in review for February 7, 2011
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Lower Payments with a 2-1 Buy Down

Filed under: Mortgage Blog by Ericp

Today’s market continues to be geared towards buyers. Sellers are willing to do what it takes to make their home stand out in the midst of the rest. One way to make a home purchase appealing is through the 2-1 Buy Down program. This program offers the borrower a lower initial payment for a fixed [...]

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  • Don’t be afraid of ARM loans
  • FHA is increasing their mortgage insurance
  • How much of a house can I get for $900 a month?
  • More Help for Homeowners with the New HARP Loan
  • 4.55% 30 year fixed rates are still available for Pima County First Time Home Buyers.

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Rates Remain Low, But Don’t Be Fooled

Filed under: Mortgage Blog by Ericp

In This Issue  Last Week in Review: Don’t be fooled by today’s low rates… Forecast for the Week: More housing news – plus, why the Fed’s upcoming meeting is so important. Weekly View: Kids and credit cards – what do you need to know? Last Week in Review  “NOBODY CAN GO BACK AND START A [...]

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  • Week in review do for January 16th, 2011
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  • What happens in Washington doesn’t stay in Washington!

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“YES!” NOVA Can Lend on Properties in Flood Zones !!!

Filed under: Mortgage Blog by Ericp

 As you are painfully aware, in May Congress allowed the National Flood Insurance Program’s authorization to lapse again for the second time in several months.  Several weeks later NFIP is still without the ability to issue flood coverage to close loans.  NOVA’s Insurance Division, NOVA Insurance Services, understood that not being able to deliver evidence [...]

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  • It’s getting easier to lend!!
  • FHA and VA loans from 620-639 credit scores again!!!
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  • Don’t spend more for a mortgage then you need to!
  • Buy a house in these zip codes and we will take $750 off your closing costs.

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ARM Indexes are going up. It is time today to either lock in another 5-7 year ARM or convert over to a low fixed rate mortgage. Fixed rates are still low. Protect yourself today from rising interest rates.

Filed under: Mortgage Blog by Ericp

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  • 4.55% 30 year fixed rates are still available for Pima County First Time Home Buyers.
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  • JUMBO loans to 80% LTV and rates as low as 2.9%
  • It is Time to Refinance!!!!

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Senate approves for the Home Buyers Tax Credit deadline to be extended to September 30th

Filed under: Mortgage Blog by Ericp

With the rush of home buyers buying homes in April to qualify for the Home Buyers Tax Credit, lenders, title companies, appraisers and other players in the home buying process are causing a bottled necked in closing these loans by the end of June 30th deadline.  Today the Senate had approves an amendment to extend [...]

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4.55% 30 year fixed rates are still available for Pima County First Time Home Buyers.

Filed under: Mortgage Blog by Ericp

Pima County first time home buyers are still eligible to take advantage of the Pima County Bond Money Loan program. This program provides a low interest rate of 4.55% for 3 years fixed for FHA and VA loans. This loan program has income restrictions however most buyers who qualify for FHA or VA loans will [...]

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  • WISH Program, a Down Payment Assistance Program for First Time Home Buyers in Pima County.
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  • The cost of FHA home ownership is going up April 18, 2011.
  • Buy a house in these zip codes and we will take $750 off your closing costs.

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ACTIONS SPEAK LOUDER THAN WORDS

Filed under: Mortgage Blog by Ericp

“ACTIONS SPEAK LOUDER THAN WORDS,” or so the popular saying goes. But the words from various Fed members on the actions they feel need to be taken are getting pretty loud. And what could all this potential action mean for home loan rates? Read on to learn more. There has been growing debate among Fed [...]

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  • QE2 Debate Rages On
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Recent changes in the mortgage industry and the affect on borrowers

Filed under: Mortgage Blog by Ericp

Recent changes have lessened the lending business. While guidelines have weakened slightly, requirements of verification have increased due to the release of Fannie Mae’s Loan Quality Initiative (LQI). Previously lenders would ask borrowers to voluntarily disclose any new debts that do not appear on the borrower’s credit report. Fannie Mae’s Loan Quality Initiative now requires [...]

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  • Jumbo loans are making a come back.
  • FHA and VA loans from 620-639 credit scores again!!!
  • Lower credit scores for FHA are here and manufactured homes!
  • Lower Payments with a 2-1 Buy Down
  • FHA is increasing their mortgage insurance

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Update to the Your Way Home Arizona Program

Filed under: Mortgage Blog by Ericp

The Area Median Income (AMI) limits have been updates for the Your Way Home Arizona Program.  The slight increase will help more clients become eligible for Your Way Home Arizona.  Please see the NSP Fact Sheet 06-01-2010 for the new limits.  Note that the counties that have a strike through them no longer have funds available.  [...]

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  • WISH Program, a Down Payment Assistance Program for First Time Home Buyers in Pima County.
  • FHA $100 Down Payment Home Loan
  • Buy a house in these zip codes and we will take $750 off your closing costs.
  • Don’t be afraid of ARM loans
  • FHA is waiving their 90 day flip policy

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