Mortgage

Aug. 28, 2017

FHA flipping rule

Property Flipping is indicative of a practice whereby recently acquired property is resold for a considerable profit with an artificially inflated value.
 
The term Property Flipping refers to the purchase and subsequent resale of a property in a short period of time.  The eligibility of a property for ...

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Posted in Mortgage
July 28, 2017

----Arizona Real Estate Market Update July 2017----

ARMLS STAT REPORT

 

 

COMMENTARY by Tom Ruff 

 

With the first half of 2017 in the books, this month’s STAT will look at the first six months of 2017 in a historical context. Plus, I’ll give my opinion as to what the second half of the year might ...

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Aug. 11, 2016

NHF Sapphire Grant Program -FHA

FHA-NHF Sapphire Grant Program 

Grant program allows borrower to get into a home at today’s historically low rates, before they have saved the 3% to 5% down payment normally required.

Zero down payment and zero out of pocket.

Sapphire Benefits:

  • 3% or 5% of the 1st mortgage total loan amount ...
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Posted in Buying , Market , Mortgage
June 28, 2016

Home Plus Financing

The Arizona Housing Finance Authority (AzHFA), acting on behalf of the Arizona Department of Housing, to assist creditworthy renters who can afford a mortgage but lack the resources for a down payment.  The AzHFA “HOME Plus” Home Loan Program provides an attractive 30-year fixed-rate mortgage with a down payment assistance ...

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Posted in Mortgage
June 22, 2016

Pathway to purchase

AZ PATHWAY TO PURCHASE PROGRAM – P2P is a game changing zero down payment loan program.  This program is city specific - for other programs see "Home in Five" or "Home Plus" 

 

BENEFITS OF PATHWAY TO PURCHASE – eligible buyers are "gifted" with down payment and closing cost monies ...

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Posted in Buying , Mortgage
March 23, 2016

Free Credit Report

FTC

"The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files ...

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Posted in Mortgage