Investment and Second Home Loans in Arizona Up Big
Updated Oct. 9, 2013
Investment homes and second home purchases grabbed a 41% share of all closed home sales in Arizona for the month of August. This is great news for one of the hardest hit markets in the U.S.. It makes sense though if you take a close look at the numbers. The Case Schiller Index hit a level of 102 for the month of July, 2009. The...

Current 3 month, 6 month and 1 year Libor Rates
Updated Oct. 24, 2014
Libor rates peaked in October of 2008 and have dropped every consecutive month since,13 in a row. Libor stands for "London Inter-Bank Offered Rate". A majority of adjustable rate mortgages are tied to LIBOR.  To determine what your rate will adjust to one must review their "NOTE" and...

Freddie Mac Home Affordable Refinance Program A Success With Lender
Updated Oct. 9, 2013
The Freddie Mac Home Affordable Refinance Program is the best program that I've seen the government roll out so far to help ailing home owners refinance their mortgages into a new home loan at a lower mortgage interest rate. This program is available to individuals that own a single family residence,...

USDA Funding Exhausted
Updated Oct. 9, 2013
It is expected that USDA funding will be exhausted by the end of April, 2010.  If you or anyone you know is looking to obtain USDA financing, have them email or submit a secure application on our website as soon as possible today to beat the deadline.. http://www.bncnationalbank.com/scottsdale/besquivel or...

It's Not Too Late To Close Your First Time Homebuyer Tax Credit Loan
Updated Oct. 9, 2013
Lately I have seen a lot of panic amongst home buyers and real estate agents regarding the first time home buyer tax credit escrows. This is due mostly to the closing time quotes that they are receiving from other lenders. I have heard numerous banks quote a minimum of 45 days to close a loan and they are not taking new...

Don't wait 60 days to close your loan. We will close it in 30 days or less!
Updated Oct. 9, 2013
Don't be fooled by the large local retail banks. Don't wait two or three months to close your home purchase or refinance loan.  We process, underwrite and fund our loans in house and that gives us the opportunity to CLOSE YOUR HOME LOAN IN 30 DAYS OR LESS!  Rates are at historic lows.  Call...

Get Your FHA mortgage loan case number now!
Updated Oct. 9, 2013
If you have an FHA loan and are considering refinancing your existing home loan or you plan to purchase a new home with an FHA loan you should submit your application and have your loan officer order your FHA case number for your transaction by the end of September, 2010.. Starting in early October, 2010, the monthly...

FHA Lowers FHA monthly MIP as of 1/26/15
Updated Feb. 4, 2015
According to the executive order, FHA will cut .5 percent from the annual premium for the FHA backed loans with terms greater than 15yrs on FHA case numbers issued after January, 26, 2015. For most FHA loans this will reduce the annual premium from 1.35 percent of the loan balance to .85 percent. Loans with balances...