Did you know you can
refinance your
FHA mortgage with no appraisal? It's called a FHA Streamline
Refinance. It requires little qualification and it has no appraisal
requirements. The benefits are obvious, a homeowner with a FHA loan
can refinance to a lower rate even if the property value has
decreased.
Buyers flocking to cheap foreclosed homes
by Catherine Reagor - Mar. 22, 2009
The Arizona Republic
A Glendale home that sold less than two years ago for $259,000 sold again three months ago for $113,000. A Phoenix home that fetched $190,000 two years ago just went for $45,900. A Queen Creek home sold for nearly $275,000 when it was built in 2005. Last month's price: $78,000.
Loan program targets distressed properties
Via Homes joins Sun American Mortgage in effort
by Angelique Soenarie - May. 28, 2009
Arizona Business Gazette
An east
Mesa custom-home builder and a mortgage company are turning to a government program to sell and remodel homes.
Via Homes and Sun American Mortgage Co. are offering a loan called the Federal Housing Administration Section 203K loan, which bundles the purchase and renovation of a fixer-upper home into a single mortgage payment.
Prime season for house hunting
Falling prices, low interest rates appealing, but snags abound
by Susan Felt - May. 30, 2009
The Arizona Republic
A housing market top-heavy with foreclosures and short sales is helping drive the jaw-dropping sales prices - the median price of homes in Phoenix at the end of February was $68,000, and some new homes are selling in the low $100,000s - but wading into the real-estate market is not for the faint of heart.
Mesa Mortgage Company
Uses Mortgage to Combine Home Repair Costs
Reported by: Christopher Sign - May 29, 2009
Channel 15 News Report
In a unique partnership, a
Mesa mortgage company and custom-home builder have teamed-up to use a government program that lumps the sale price of a home with the cost of upgrades or repairs.
