california: FHA Streamline Refinance in Arizona and California June 2012 - 05/26/12 12:19 PM
FHA Streamline Refinance in Arizona and California June 2012
For an FHA Homeowner who currently has an existing FHA loan that was endorsed/ closed prior to June 1, 2009, the MIP (mortgage insurance premium) are likely ”grandfathered” into a special guidelines designed by the FHA earlier this year.  Arizona and California FHA Homeowners, may qualify for a reduced rate on the MIP and the annual mortgage insurance premiums aside from a significantly lower rate and payment. 
Get an Arizona and California FHA Streamline Rate Quote
Upfront MIP Beginning for FHA Case Numbers assigned on or after June 11, 2012, and for loans endorsed prior to June … (0 comments)

california: HARP is alive and well in Arizona and California - 04/09/12 06:04 PM

HARP is alive and well in Arizona and California
Although many of the homeowners who have called me have been sincere about wanting to stay in their home, some have realized that under their economic situation, the HARP 2.0 Program in Arizona and California will not do enough to lower their payment thus allowing them to keep their home. Some of them have talked about possibly considering a short sale but for the most part, many were thrilled to learn that we could save them anywhere from $150 to $600 off their current mortgage payment.
Yep! No appraisal, no … (0 comments)

california: FHA Postpones "Collection Payoff" Requirement in Arizona and California - 04/09/12 05:30 PM
As if it is not getting harder to qualify for a loan, FHA put the scare in everyone for the last couple of months stating that FHA homeowners in Arizona and California would have to either:

Pay off all their collections if it amound over $1,000 or; Have a payment arrangement with the collection company for a minimum payment history of 3 payments/ months. The great news is that FHA came out today and stated that they were going to postpone the FHA requirement to "pay off your collection accounts" until they hear more public and industry comments before enforcing … (1 comments)

california: FHA Raises Their Mortgage Insurance for 2012 - 03/15/12 04:15 PM
FHA Raises Their Mortgage Insurance for 2012
The pinnacle and driving force of an FHA loan in Arizona and California is the Mortgage  Insurance or most commonly known as "MI".  Most people do not make the connection and know the difference from any other loan  in Arizona and California.  FHA's flexible lending guidelines allows lenders to approve loans to its segment of the market simply because the loans are insured by FHA which is funded by the MI that an Arizona and California homeowner pays monthly and the Upfront Mortgage Insurance Premium the FHA charges the borrower. Go here for more information on FHA Increasing … (0 comments)

california: The FHA Less Than 90 Day Flip Rule Waived In Arizona and California for 2012 - 12/23/11 01:30 PM
The FHA Less Than 90 Day Flip Rule Waived In Arizona and California for 2012 Today 12/23/11, FHA declared that the 90 Day Flip rule be waived and extended up to 12/31/2012, unless withdrawn or extended by FHA in Arizona and California. 
As you can already know many Arizona and California investors, agents and buyers are glad to know that the less than 90 Day FHA Flip Rule has been extended.  I hope that FHA comes to their senses and gets rid of the less than 90 Day FHA Flip Rule in Arizona and California, all together.   The less than 90 Day FHA Flip Rule was originally enacted to prevent the predatory … (2 comments)

california: Finance more than ten (10) properties in Arizona and California - 07/22/11 07:40 PM
Finance more than ten (10) properties in Arizona and California Call me TODAY For more information @ 480.650.8602 Academy Mortgage is now providing a tool to assist borrowers’ that own and/or want to finance 5-10 properties that are looking to add to their investment portfolio or a 2nd home purchase when they have exceeded our standard policy of a maximum of 4 financed properties. This change should have an immediate positive sales opportunity for your realtor relationships that cater to these more experienced borrowers.   The parameters for these loans are as follows: click here for information on how to finance … (1 comments)

california: Can I buy a home after a short sale in Arizona or California ? - 06/14/11 08:24 PM
Can I buy a home after a short sale in Arizona or California ?
The answer is yes.

What do you do if had to short sale in your home in Arizona or California?   Often times, most lenders won't even bother listening and shut the door right in your face.  It almost feels like there isn't any hope.  The great news is that at Academy Mortgage in Arizona and California, we do care and we do understand that many families are deserving of that second chance. YOUR EYES ARE NOT DECEIVING YOU!  

I did just say that we can finance you after … (2 comments)

california: Getting Pre-Approved: The Real Estate Network - 09/30/09 01:51 PM
The Real Estate Network
Getting pre-approved involves a bit more than divulging your name, address and social security number.  When it comes to the business of residential real estate transactions, it takes a network of professionals working together to get from the ‘drive by' stage - as in "we just want to drive by this house we read about" - to the closing table. Many people outside the business have the impression that realtors earn big commissions by "just driving people around." Because a professional agent acts as a liaison between his or her client and many other service providers in … (0 comments)

california: USDA Budget runs out of funds... - 09/28/09 01:17 PM
USDA has announced it will not receive its appropriations for fiscal year 2010 by October 2009.  It will experience a delay in approval of funds and will likely not see them until early 2010.  However, this will not affect "all" lending on USDA Home Loans. 
USDA will make conditional loan commitments until the funds are appropriated.  USDA will allow lenders willing to assume the risk of approving such loans in case of default until appropriations are made and as along as they are able to carry the balances until USDA can purchase them from the lenders warehouse lines. 
Your best bet is … (4 comments)

 

Find AZ real estate agents and Phoenix real estate on ActiveRain.