Hey Kurt! I work with an amazing lender that will be able to help you out, with little to NO problems!
Right now is a great time to buy, because mortgage rates are really low!
AND, often times buying a home is cheaper than what you pay for rent!
Feel free to give me a call at 480-275-9566.
Also, if you would like, you can check out my website, and find some homes that you might be interested in!
The last week of the month is the busiest time for lenders and title companies. Many people try to close the last week when they are trying to keep the amount that they come out of pocket to close escrow to a minimum.
One thing to keep in mind is this: If you close say on the 10th of August (you can do this with any month but this may make the example clearer) , you will either pay interest for the remaining days in that month, and then your first payment will be due October 1st. OR you will have an interest credit when you close (giving you a credit for the first 10 days in August, and then your first payment will be due September 1st). Regardless of which way you set this up - you pay for every day you are in the home. It is just a matter of how much you come out of pocket upfront at the title company.
When you go to sell a home that you have an FHA loan on it, you will pay for interest through the end of the month regardless when you close escrow.
Ron & Brenda Cunningham
West USA Realty
*** Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley"
Search the Active Official FlexMLS like Realtors through our website for FREE at:
Bill Bailey @Chase Bank just did an 80-10-10 for us with remarkably low loan fees and he was great to deal with. I highly recommend him.
Bill Bailey | Senior Mortgage Banker | NMLS ID #151346 | Mortgage Banking | Chase
Cell: 480-213-7227 | Fax: 866-647-6095 | Email: Bill.T.Bailey@Chase.com
My name is Tan Johnson. I am with the commercial division of Keyes Realty. Your information was sent to me by one of my associates that read your request, online. I would like to help you, if you have not yet received the information you need on the store.
305 400 2420... more
Either way, with the best interest rate. This assumes you have the down payment. 20% down usually avoids the mortgage insurance requirement from lenders. Make sure you know who the private lender is. Have your attorney or advisor review the loan agreements.
Shop around for rates. If you need a referral just ask. Your Realtor can help you with this.
1. Conventional loans
2. Fannie Mae on Fannie Mae properties 3.0% down
3. VA loans 0% down
4. FHA loans 3.5% down
5. Seller carrry loans
6. Conventional Loans (Banks)
7. Private lenders (may take more risk with higher interest rates)
8. Smaller Community Banks (Scottsdale has several)
For more on mortgage loans: http://www.arizonahomesland.com/arizonamortgageloans.html
Jim, I am a CPA and own Caliber Tax & Accounting LLC. I have extensive history and background in real estate investments as well as LLC setup and complex LLC ownership structures. I also provide bookkeeping services.
My rates are competitive and include a discounted rate for ongoing monthly clients.
I am located in Northwest Phoenix at 2432 W Peoria Avenue, Suite 1040, Phoenix AZ 85029. My office number is (623) 505-9608. You can also check out my firm at http://www.facebook.com/CaliberTax. You can also contact me at JMM@CaliberTaxAccounting.com
I would gladly supply you with references.
Judith (Judi) MacCardle, CPA... more
Yes, there are a few programs out there for you and lately, they are constantly changing.
I would call Sandy Krestan at 602-820-5166. She is very up to date and can give you answers immediately.... more
I know of 2 private lenders here in Phoenix that loan to Canadian buyers looking to purchase investment properties. They will only loan on investment properties and not owner occupied residences. I am Canadian myself and I have used them personally for investment properties and their lending decision was based solely on the property, my Canadian sourced income, and Canadian tax returns. If you would like more information, please email me at: email@example.com.
If you or someone you know is considering purchasing a vacation home (not investment) there are several large banks (both in Canada and in the US) that also have Canadian specific loan programs. The interest rates for these loans are much lower than the private money investment funds available to Canadians. Please don't hesitate to email me with any specific questions.
Talka International Realty... more
I cant help help but jump in and tell you that your questions is quite ignorant and ridiculous, in fact.
Why would a mortgage broker ask about financing? Well, there are literally thousands of lenders, with all different guidelines, that change daily nowadays. Its quite impossible to be an absolute expert on all products, in all states, everywhere, all the time.
Its EXTREMELY difficult in fact, just mastering all FHA programs for instance, there are pages pages of rules and regs, that are constantly being changed, and there are about a million different scenarios to deal with, no 2 loans are ever the same.
Going forward I will I expect since you're a 'real estate pro' you will never have a question regarding 'real estate'.... more
Try calling Rick Guilette at Midfirst Bank, they do a 1st position HELOC and on your loan size the payment should be next to nothing. Ricks number is 480-682-8433. Tell him I told you to call. He also has a pre paid credit card that reports monthly to the credit bureaus and the minimum is only $300 to get started. This is a portfolio loan program. Good Luck.
Licensed Loan Originator
Amerifirst Financial, Inc.
Apply Online: www.mattpuzz.com... more
Here are two good mortgage brokers you can call to answer your questions.
Mark Chmura Pinncle Lending. 408-222-9700
JKS Mortgage, LLC
Please feel free to give me a call with any questions you may have.
John Forsyth- HomeSmart Elite Group
Dan,... i know that there are many lenders who will assist you,....i am interested as well,...what i think will prove to be helpful to you is; my in house lenders ability to go to 90% on a jumbo...i am willing to discuss your loan, employment, and income and talior a loan that gets you that house!... more
You can call a mortgage broker I have used to finance many of my properties.
Mark Chumura 480-222-9700 tell him John Forsyth recommended you call.
He will have a better answer for you regarding NO DOC loans.
Good luck and let me know if you need assistance in finding a home.... more
My friend, Brion, (hi Brion) is right about the HomePath loan, it can be a good loan for investors and home owners with a larger down payment looking to fix up however, there are a few things you should know & be aware of about a HomePath loan:
1. You are limited to bank-owned Fannie Mae (FNMA) properties, only; with FHA's 203(k) loan, you are NOT limited to who owns the property.
2. If you are looking at a low down payment, your monthly payments will usually be higher than an FHA payment, even with mortgage insurance!
3. With a HomePath 30-year fixed rate loan, your payments will never decrease.
4. With an FHA loan, you will reduce your monthly payment, which may already be lower than a comparable HomePath loan, when your mortgage insurance payment is eliminated once you reach 22% equity in your home after 5 years.
Hope this helps,
Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct... more
Scott makes a great point about loan modifications anchoring you to your home. Doing a short sale is an option. HUD has changed some guidelines that will allow you to short sale your home and buy a new one with out waiting the customary 2-3 years provided you meet their credit qualifications. For more info please feel free to contact me.
Peoples Home Equity