The VA department has made some exciting changes effective January 1st, 2020. There will be no VA loan limits for borrowers who purchase a home, subject to them having no outstanding used entitlement. This is an incredible opportunity for borrowers who are looking for larger home values.
If you are getting a conventional loan on a refinance or purchase, you might not need to get an appraisal done on your home...you read that right! About 20% of loans today are receiving 'Appraisal Waivers' in the underwriting process. Tom and Eddie Knoell discuss what an appraisal waiver is, how it works in the mortgage process, and the benefits to consumers.
In Arizona and most of the USA the 2020 FHA loan limits have been increased from $314,827 to $331,760. In this post we dive into how this can help you.
In Arizona and most of the USA the 2020 conventional loan limits have been increased from 484,350 to $510,400. Listen to our podcast to learn why this is great news for Arizona buyers and sellers.
Here we cover the easiest, most efficient, and cost effective way to protect your credit from hacks and theft which is to freeze your credit report files. That being said, you don't want a credit freeze to cause a lot of hassle in your life. We know a lot of borrowers who have had to spend hours on the phone trying to figure out how to unfreeze their credit so that we can pull their credit to get them pre-approved. Don't let that happen to you [...]