Many homeowners in Arizona and California will find out if they will be able to refinance their “upside down” homes tomorrow. The Initial “HARP” Home Affordable Refinance Program was rolled out in 2009. It was designed to help refinance “underwater” homeowners that owe more than their homes are worth. Since the program had very little success… Continue Reading
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100% Financing for USDA loans in Arizona and California
Unless you’re a qualified veteran, the days of 100% financing in Arizona and California are pretty much unheard of. However, there is this little kept secret called USDA Rural Housing program that allows 100% financing. What does this mean for me? Simple, it means that if you are looking for a new home in the… Continue Reading
Interest Rate Lock or Float: Protect your Arizona Mortgage
The million dollar question: When is the best time to lock my interest rate? The obvious answer: When home loan rates are at their lowest. The problem is that loan officers don’t really have a crystal ball. With that being said, some home loan professionals utilize financial market indicators that can help them advise home… Continue Reading