Down Payment Assistance Blog

Get the latest updates on down payment assistance in Arizona.

Second Opinion on Your Mortgage

I don’t know about you, but when I start the process of buying anything of value, something I want to last, whether it’s a new pair of hiking shoes, or a new mattress I start by doing my research. When it comes to bigger items along with my research, I add reviews and opinions of […] READ MORE

Equifax Breach is Bad News for Home Buyers

The recent breach of personal consumer information from the national credit bureau Equifax could affect home buyers significantly.  Home buyers and mortgage applications have a significant amount of information on file at the bureaus that could potentially turn into trouble for some in the future. Equifax says that as many as 143 million consumers’ personal […] READ MORE

What to Expect After the Storms

2017’s hurricane season has been treacherous.  Luckily South Florida was spared the worst of Hurricane Irma’s 185 mph winds, Houston didn’t fare as well with Hurricane Harvey and Puerto Rico is still in a state of devastation after Hurricane Maria. With well over a month and a half of hurricane season left, what does the […] READ MORE

Reverse Mortgages

A reverse mortgage can be a challenge to explain or understand, even for people who have plenty of financial experience. What Is a Reverse Mortgage? At its core, the reverse mortgage is a home equity loan that’s designed to help seniors tap into the equity in their homes. In sum, it’s a financial agreement in […] READ MORE

Mortgage Assistance in Times of a Natural Disaster

In the midst of a natural disaster paying your mortgage is not top of mind.  Those who are fighting to survive in flood stricken areas in the aftermath of Hurricane Harvey are more concerned with knowing if their homes will be habitable once flood waters recede or if their homes will be total losses. And […] READ MORE

Who is the Mortgage Underwriter?

Once you actually apply for a home loan, your mortgage application will be organized by a loan processor and then sent along to a loan underwriter, who will determine if you qualify for a mortgage. Going through the mortgage underwriting process sounds scary.  The thought of a mortgage underwriter tearing through your finances can be […] READ MORE

Choosing a Lender

When you start the home buying process you look at (on average) between 7-14 homes before deciding on that special home; before you’ve chosen and a deal is made between buyer and seller it’s time to work with a mortgage loan officer. However, if you’re like many homebuyers, you’re not really sure where to start […] READ MORE

7 Tips for House-Hunting While Self-Employed

There is an equally long list of pros and cons to being self-employed.  On the plus side, there are things like setting your own hours and working on projects you really enjoy.  On the downside though, there is the up-and-down income cycle and managing your own taxes, health insurance and retirement accounts.  In addition, the […] READ MORE

Amortization

Are you familiar with the metaphor, “It’s all Greek to me?”  Referenced in Shakespeare’s play Julius Caesar, its meaning is used to express something that is not understandable. I find this true when trying to understand mortgages!  It’s all Greek to me, yet it is a crucial part of the home buying process and a […] READ MORE

Easier to Get a Mortgage

If you’re looking to enter the housing market, it may have just become easier for you to acquire a loan.  Home mortgages are typically based on Fair Isaac Corp. (FICO) credit scores. FICO scores are given to individuals based on a number of factors like payment history and the number of credit accounts and more.  […] READ MORE

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