Using an authorized user account to help a spouse or child can
be a good idea to help them establish or re-extablish credit. But
this should be only for short term and should be looked at before
thinking about applying for a mortgage.
Mortgage guidelines now require borrowers be romoved as
authorized users before approving a mortgage application. Planning
ahead and taking the right steps will ensure the borrower is ready
and able to obtain a mortgage. With so many first time buyers in
our Arizona market it's important that we are constantly being
updated to the most recent Arizona mortgage guidelines.
read the whole market update, click here.
Starting October 1st the USDA started to add mortgage insurance
to USDA Home Loans. For those buyers who wanted to obtain a
mortgage in Arizona using an USDA Home Loan this is still a great
Still ZERO DOWN, 30 yr Fixed Rate, No Pre-payment Penalty, and
But I encourage everyone to check the USDA website
Eligibilty Map to view boundaries, very easy to use.
To read more great highlights on a USDA Mortgage in Arizona, click
here to view my latest update.
Feel free to call me with any mortgage questions you have.
Enjoy the cool fall weather this weekend!
Teaching "Residential Financing in Today's Arizona Market - What
you need to Know" next Tuesday, Oct 11th at Gainey Ranch. Good for
3 hrs Contract Law for ADRE.
We'll cover updates, changes, and the latest revisions regarding
qualifying for a mortgage in
If you need the CE hours or are just interested, hope to see you
For more info click here.