The loan limits for Maricopa County, AZ increased this year. The conforming loan limit for 2023 is $726,200 and the FHA loan limit is $530,150. This means that conforming loan amounts up to $726,200 will be able to take advantage of the conforming rates, and loan amounts up to $530,150 can qualify for FHA financing....
Author: john (John Rapasky)
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DO YOU HAVE CONCERNS ABOUT PURCHASING A HOME WITH THE CURRENT MARKET RATES?
Are you looking to purchase a home in this market? Are you concerned about the high rates and unsure about your payment? We specialize in high level advice to weigh your options and find a product with the lowest payment for you. Don’t leave this decision in the hands of a loan officer who can...
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ARE YOU CONSIDERING A BRIDGE LOAN?
A bridge loan works nicely if you need the proceeds from the sale of your current home to purchase a new home. In essence, the bridge loan gives you an advance of the proceeds from the sale of your home to purchase the new home. It is a temporary loan to help you purchase...
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ANOTHER LENDER TO WHOM WE CAN BROKER – PLAZA HOME MORTGAGE
As a mortgage broker, we can broker loans to many different lenders. Here we feature Plaza Home Mortgage. Plaza is a full-service lender with renovation loans, reverse mortgages, conventional, FHA, and VA loans. With renovation loans, you can include the costs of home improvements into the loan. If you are purchasing a home and want...
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WHAT CAN YOU DO TO PREVENT BEING SCAMMED?
What can homebuyers do to prevent being scammed? Phishing scams continue to be on the rise. Especially during the loan closing process. How do scammers get your information? There are several ways to secure your information and negate the possibility for scammers to steal your closing & down payments. Check out this video from...
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COUNSEL MORTGAGE GROUP HAS CREATIVE FINANCING SOLUTIONS
Are you in the market to finance a home loan? Are you feeling deterred by current resale market prices? Counsel Mortgage Group has creative financing solutions. Have you considered a land or construction loan as an alternative? Contact us, we’re happy to explain how these loans work. We work for you, not the...
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MANY HOMES ON THE MARKET HAVE SOLAR PANELS
Many homes on the market have solar panels nowadays. Are looking to finance a home with solar panels? You should consider the following rules: Many solar companies will file a UCC-1 Financing Statement on the title of the home. Mortgage lenders will likely request it to be removed so they can secure their lien....
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REAL ESTATE INVESTMENT PROPERTIES
Real estate investment properties are a great way to increase assets and serve well to generate a passive income. Financing an investment property requires more of a down payment than a typical mortgage and it’s important to budget for maintaining landlord related expenses. What do you do if you cannot come up with...
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SYMMETRY LENDING
As a mortgage broker, we can broker to many different lenders. Here we feature Symmetry Lending. Symmetry offers home equity lines of credit (heloc). We are seeing more of a demand for helocs lately as property values have increased and homeowners do not want to refinance the 2-3% interest rate they have on their mortgage....
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ONE FOOT ON THE BOAT, ONE ON THE PIER
Amid signs that price growth in the U.S. economy is rapidly cooling, the Federal Reserve announced Wednesday (12-14-22) it was slowing the pace of its rate-hiking program designed to tackle inflation — but that more hikes were still on the table. The Federal Open Market Committee said it was increasing its key federal funds rate...