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Financing in 85020 : Real Estate Advice

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  • Home Buying9
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Activity 125
Fri Jul 10, 2015
Gregorio Denny answered:
That depends on what type of mortgage it is. It could be just interest; principal and interest or principal, interest, tax and insurance. If you ever find one with just principal, please let me know because I want one of those. ... more
0 votes 5 answers Share Flag
Tue Apr 2, 2013
Doug McVinua answered:
I would be glad to assist with recommending a couple of local lenders that will be able to shoot straight and tell you what is going on and what could be done.
0 votes 8 answers Share Flag
Tue Oct 29, 2013
Brian answered:
No. Ten percent is the minimum.

Brian Cardenas
AmeriFirst Financial, Inc.
0 votes 16 answers Share Flag
Wed Mar 13, 2013
Theodore Shonka answered:
Shoot me an email at teddy@teaminvestmentsinc.com, I work primarily with investors. I am curious to what property you are referring to, 20% down is the minimum usually for condos, some condos are hard to approve for investors as well. I will let you know though, thanks Chris ... more
0 votes 6 answers Share Flag
Sat Feb 23, 2013
David Rider answered:
From a lender's perspective the process is not much different between the two. However, from a legal view point there is a major difference.

A "Purchase Money" Mortgage in the state of AZ gives you certain protections in the case of a foreclosure, providing that the property meets certain requirements.

A refinance may or may not give you the same protection against judgments in the case of a foreclosure depending if you took "Cash Out" of your property and did not reinvest it to improve the property.

David Rider (NMLS 200787)
CMG Mortgage
480-788-9221
Please see my website for legal information.
... more
0 votes 2 answers Share Flag
Sat Feb 23, 2013
Sonny Shrivastava answered:
cnm4000,

As long as you can qualify per the lender's guidelines, living in another state should not pose an issue. I work with one of the best lenders in town, give her a call and she will pre-qualify you within an hour:

Simma Robbins
simma.robbins@imortgage.com
(480) 710-4636

If you would like to start your own MLS search, you can do so right here:

http://link.flexmls.com/wvrkhng2hi9,12

I am a top 1% producer at the valley's #1 brokerage - West USA Realty. Please give me a call to discuss your needs in greater detail and to narrow your search parameters. I would love to help you buy a home!
... more
0 votes 18 answers Share Flag
Thu Feb 14, 2013
My NC Homes Team answered:
Changing over to a 15 year loan rather than a 30 year loan isn't going to affect your PMI. When you refinanced an appraisal was done and if it came in at $230,000 or above then you have a valid case to present to your lender to drop the PMI. You should contact them to discuss the matter.

Not certain if another refi makes a lot of sense you'd have to run the numbers as there are expenses involved. A quick look indcates that currently 15 year fixed rate refi's are right around 3% and you could always simply start adding $500 or whatever you're comfortable with in additional principal when you make a payment which would have the same effect.
... more
0 votes 8 answers Share Flag
Fri Feb 1, 2013
Anita Gregolynskyj answered:
You can call me for private money contacts. 602-405-6555
0 votes 7 answers Share Flag
Fri Jan 18, 2013
BParker, CPA* answered:
Hello:

As discussed in our emails, we have a lender which will lend to those with up to 20 financed properties. I have a message in to their representative, but people are out with the flu...Not to mention, there are not many calls for this particular product, so I want to make sure I get you the most up to date information on current terms and rates.

With the markets closed on Monday, due to the national holiday, it will be either Monday or Tuesday before I can get back to you.

Bill Parker, Loan Officer
AZ Lic# 09011570
NMLS #223607
CPA--Licensed, no longer practicing

GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496, EXT 743; (M) 602-565-3646; (F) 480-436-5226
EM: BParker@GenCorMortgage.com
Website: www.GenCorMortgage.com
LinkedIn: www.linkedin.com/in/billparkercpa

MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.

If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
... more
0 votes 1 answer Share Flag
Fri Jan 18, 2013
Jessica Tracy answered:
I would talk with your bank to see if you qualify because a VA 100% financing loan might be an option for you.
0 votes 7 answers Share Flag
Tue Feb 7, 2017
BParker, CPA* answered:
Hi Taza:

We have an investor which will look at opportunities with borrowers up to 20 financed properties.

Bill Parker, Loan Officer
AZ Lic# 09011570
NMLS #223607
CPA--Licensed, no longer practicing

GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496, EXT 743; (M) 602-565-3646; (F) 480-436-5226
EM: BParker@GenCorMortgage.com
Website: www.GenCorMortgage.com
LinkedIn: www.linkedin.com/in/billparkercpa

MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.

If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
... more
0 votes 70 answers Share Flag
Tue Jan 29, 2013
Craig Frooninckx answered:
Fri Jan 18, 2013
Lynsey Cox answered:
It is always a good idea to shop around for rates and terms. Keep in mind when you do it show each inquiry that each institution has done for you regarding pulling your information if you are talking about a loan. ... more
0 votes 11 answers Share Flag
Tue Mar 10, 2015
Eileen Shapiro answered:
Hi Chris,

I have a couple lender referrals for you...please send me your email address!

Eileen Shapiro
Nextage Realty Professionals

http://www.EileenShapiroHomes.com
0 votes 9 answers Share Flag
Thu Nov 29, 2012
Melissa Schwartz answered:
In short, if your wife co-signs she will be on both the title and the loan. You could do a separate.agreement with her that her interest in them is xx%. And you could do a quit claim after t remover her from title, but she will remain on the loan. All these issues should be discussed with your attorney as each of them have multiple consequences for each of you depending on what happens in the future. If you need a reference for either a lender or some attorneys that may better assist you, please let me know. Melissa Schwartz, Realty One Group, ... more
0 votes 11 answers Share Flag
Tue Oct 23, 2012
Jennie Miller, Pllc answered:
You should contact a lender that my clients have used in the past. Here is her contact information:

Korene Clopine-Seaman
Senior Mortgage Originator
623-340-0934 phone
Korene@openmtg.com
www.klcsloanteam.com
Open Mortgage, LLC
10699 West Bell Rd
Sun City, AZ 85351
... more
0 votes 3 answers Share Flag
Fri Sep 14, 2012
Sherri Schwartz answered:
Of course, you can get financing but you have to put down at least 35%. It's like you are applying for a non-qualifying type of loan because the lenders here can't fully access your documentation etc..
If I can help - you can reach me through Trulia.
I like to use the following mortgage broker:

http://dkhomeloans.com/home-mortgage-phoenix/
David Krushinsky (C) 602.695.7575, david@dkhomeloans.com
... more
0 votes 23 answers Share Flag
Fri Mar 7, 2014
Rocky Dole answered:
I have some lenders that provide Canadian finance. If you would like to email me then I will email you with what information that I have.
0 votes 9 answers Share Flag
Tue Nov 26, 2013
James Gordon ABR SFR SRS answered:
You need to read your contract. That is the problem with lease purchase contracts you are betting on the future.
0 votes 6 answers Share Flag
Mon Aug 6, 2012
Loren Hoboy answered:
If you put 20% down when you refinance(or your appraisal show 20% equity) you can eliminate the Mortgage Insurance. The cost can be reduced when you put down between 5-15% in a conventional loan. Avoid FHA loans to minimize the Mortgage Insurance.

I would contact Roswell Moore (480) 422-5095 Sun West Mortgage to get explore your options.

Loren Hoboy-Realtor
Central AZ Real Estate
LHoboy@centralAZhomes.com
Your Local Expert
623-688-0004
... more
0 votes 3 answers Share Flag
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