Why Have Rates Gone Up?
Updated Oct. 24, 2014
As a mortgage banker, I get updates on the market several times a day. The last 2 weeks have been a roller coaster for rates that has in the end caused rates to go up slightly. The rates are still at record lows but hopefully this may help some understand that the reasons for the reason for rates being to volatile. "After...

Short Sales: Not the Greatest Deal
Updated Oct. 9, 2013
As a buyer short sale homes may look like a great deal, but the buyer should beware. There are a few things to keep in mind when looking at the listing for these short sale homes. Due to the loose use of this term there are many listings for homes that are being labeled as short sales but are really homes that are in...

Is It a Flip?
Updated Oct. 9, 2013
As the investors start to move back into the housing market this means that the rules for buying a home will start to change for buyers. As you are shopping for your next home be sure to work with an agent that understands the rules for financing a home that is considered a "flip" in these new times. Other wise you could...

Can The IRS Keep You From Buying Your Next Home?
Updated Oct. 9, 2013
Heads up to all who bought a home and left your wife or husband off of the mortgage that was foreclosed upon. Buying a home with the other's credit will be a thing of the past very soon. New regulations will require the lenders to deny a home mortgage to anyone who has deducted interest on a mortgage from their tax...

Love Your Home
Updated Oct. 9, 2013
Yesterday I sent an email to a borrower who I am working with to buy her first home. I was just keeping in touch with her since she is repairing her credit before shopping for her home. She sounded like most first-time home buyers in the respect that she falls in love with a listing of a home on the market but then gets...

No or Low Down Payment Programs
Updated Oct. 9, 2013
In this new market there are still ways to buy a home with no money down or very little down. Some of these programs are great for buyers and others are just down right wrong.As a first time home buyer it is hard to see the woods through the trees at times. Especially when it comes to loan programs. If you are a first time...

How To Pick The Right Real Estate Agent
Updated Oct. 9, 2013
Picking the right agent is as important as picking the right lender.. Most people go to the internet to search for a home. It is safe and you don't have to deal with the phone calls that can come with actually contacting an agent. While searching, you are sure to come across scores of agents who offer you an account...

What Happens When A Home Is Flopped?
Updated Oct. 9, 2013
by Catherine Reagor - Nov. 14, 2010 12:00 AMThe Arizona Republic .. As more houses in metro Phoenix go on the market for short sales, some investors have begun buying and reselling them quickly for a profit, using strategies that some in the housing industry say could be unethical or worse.. The deals work in a variety...

Dodd Frank Law and Interest Rates
Updated Oct. 24, 2014
As of April 1st a new set of laws from the Dodd Frank Law that was constructed to protect consumers from unknowingly paying a higher rate. It was also designed to regulate mortgage brokers and mortgage bankers to keep the shopping by the consumer for a rate a level playing field for the consumer. . The issue? It did not...

FHA Streamline Refinances
Updated Oct. 9, 2013
As of June 6th of 2011 I am able to provide true FHA Streamline that requires no appraisal. You must have FICO score of 640 or higher and have paid the last 12 months of payments on time. There is no appraisal requirement so no need to worry about the value of the home.. All fees are covered by Homeowners Financial Group...

Streamline Your VA loan
Updated Oct. 9, 2013
It has been thought that the Interest Rate Reduction Loan is pretty much dead but if you know who your a paying your loan to like say Wells Fargo then some lenders that work with them should be able to still get you that IRRL that you need.. Homeowners Financial Group is able to provide this type of loan for a minimal to no...

Economic News 6-13-2011
Updated Oct. 9, 2013
The Mortgage Backed Securities Markets have currently stalled. But the good news is that Bonds did make a push higher from the morning lows and are for the time being pushed through a technical layer of resistance. This week is going to be interesting and busy week for economic news. No news for today but for the next 4...

Mortgage Backed Securities Update
Updated Oct. 9, 2013
Mortgage Backed Securities markets have took a large dip this morning, continuing the downward trend that we saw late yesterday. Today's economic news brought the PPI in at +0.2% and the Core PPI matched that number. Retail sales have seen its first decline in a few months but was very nominal and still better...

Mortgage Market News 6-15-2011
Updated Oct. 9, 2013
To recap economic news today, we had Consumer Price Index and Core Consumer Price Index come in at higher than expected levels as well as the year over year statistics were higher than last month which is usually a bond killer. The bond markets saving grace is that the NY State Empire index which is , according to...

MBS Market Watch 6-16-11
Updated Oct. 9, 2013
MBS markets have been volatile this morning, even in the face of news that is typically positive for bond markets. The good news is even with all the economic news coming out that should be swining rates higher they are still holding low. In economic news Housing Starts cane in higher than expected and building...

3% Down?
Updated Oct. 9, 2013
This is a new program that HFG has the privilege to participate in and I am proud to be able to bring it to you here first. The program name is called "One Underwrite". It is named that because HFG believes all loans that receive an Automated Underwriting System approval deserve to be underwritten only one time,...

2 Bedroom Home in Trilogy 85383
Updated Oct. 9, 2013
Learn how to get pre-approved for this beautiful 2 bedroom home in Trilogy 85383 by contacting Jennifer Uranga, residential mortgage expert at 623.202.4449 or by visiting www.juranga.amerifirst.us. This 2 bedroom home in Trilogy 85383 in the Desert Bloom phase of the community Trilogy at Vistancia. The home...

Arizona Mortgage Loans For Canadian Investors
Updated Oct. 24, 2014
There are many resources for Arizona mortgage loans for Canadian investors now that the credit crunch has loosened up and prices of homes in Arizona have stabillized. There are several ways for Canadian investors to profit in the Arizona real estate market. Acquiring Arizona mortgage loans for Canadian...