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Down Payment Assistance

Down Payment Assistance

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...

Shopping For A Hazard Insurance Policy

by Ed & Barbara Heiser | May 11, 2018 | Mortgage Payments

When shopping for a hazard insurance policy, something called “bundling” can actually save you quite a bit of money that most people aren’t aware of. Many of the big insurance companies price their insurance rates to attract a particular segment of...

Do I Have To Continue Making My Mortgage Payment If My Lender Goes Bankrupt?

by Ed & Barbara Heiser | May 11, 2018 | Mortgage Payments

When mortgage lenders go out of business and are essentially taken over by the FDIC, homeowners are left wondering if they still need to make a monthly payment. Great thought, and a very common question for many borrowers in the 2006-2010 timeframe. The short answer...

How Do I Calculate My Mortgage Payment Without Using A Mortgage Calculator?

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...

Understanding An Amortization Schedule

by Ed & Barbara Heiser | May 11, 2018 | Mortgage Payments

By committing to a mortgage loan, the borrower is entering into a financial agreement with a lender to pay back the mortgage money, with interest, over a set period of time. The borrower’s monthly mortgage payment may change over time depending on the type of...
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