by Ed & Barbara Heiser | Sep 29, 2018 | Home Buying Process, Mortgage Approval Process, Mortgage Closing Costs, Mortgage Payments, Mortgage Programs, Mortgage Rates
The following chart is provided as a summary of the basic qualifying features of the most popular Arizona Down Payment Assistance programs. These programs are made available to help responsible Arizona home buyers who struggle to save for a down payment buy a home...
by Ed & Barbara Heiser | May 11, 2018 | Mortgage Payments
Calculating an exact mortgage payment without a calculator on a loan is no small task, but there are some simple rules-of-thumb you can use to get a close estimate. With the exception of the MIT Blackjack Team, performing this type of complex math in your head often...
by Ed & Barbara Heiser | May 11, 2018 | Mortgage Payments
Mortgage Insurance, sometimes referred to as Private Mortgage Insurance, is required by lenders on conventional home loans if the borrower is financing more than 80% Loan-To-Value. According to Wikipedia: Private Mortgage Insurance (PMI) is insurance payable to a...
by Ed & Barbara Heiser | May 11, 2018 | Mortgage Programs
The VA Funding Fee is an essential component of the VA home loan program, and is a requirement of any Veteran taking advantage of this zero down payment government loan program. This fee ranges from 1.25% to 3.3% of the loan amount, depending upon the circumstances....
by Ed & Barbara Heiser | May 11, 2018 | Mortgage Rates
Many people believe that interest rates are simply set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market. The secondary market is comprised of investors who buy the loans made by banks, brokers, lenders,...
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