How to Shop for a Mortgage Company

How to Shop for a Mortgage Company-- Dan Morse • Did you know there are 4 types of lenders? Banks, Brokers, Correspondent and Private Money lenders. • Banks use their depositor funds initially and sell the note to Fannie Mae or Freddie Mac. They will underwrite and fund the loan according to FM or FMAC guidelines. The bank will typically send the statements to the borrower– called … [Read more...]

Arizona Ranks Fifth in November 2012 Among States for Non-Farm Jobs

 The information in this report is from the U.S. Department of Labor  Job Growth Arizona Ranks Fifth in November 2012 Among States for Non-Farm Jobs   State November 2012 State Rank Percent Change November 2011 State Rank Job Increase Nov. 2012 Compared to Nov. 2011 November 2012 Number of Jobs November 2011 Number of Jobs North … [Read more...]

How much is your Phoenix Arizona home really worth in December 2012?

I have a client who called me last week and told me they have to sell their home. He said he might have to do a short sale and wanted to know the process of a short sale. I explained to him that prices are on the rise here in Phoenix Arizona and his house might be worth more than what he thinks. I pulled up homes for sale in his area that were active, pending and recently sold. After … [Read more...]