eddieknoell

/Eddie Knoell

About Eddie Knoell

A native Phoenician serving Arizona Homeowners with over 16 years lending experience and currently the Vice President and Partner of Signature Home Loans LLC. Eddie has been a mortgage broker since January 2003.
Serving Homeowners Since 2003

Case Study: Depletion of Assets for Income

The Scenario Our newly-retired client came to us hoping to get approved for a mortgage, but had been told that now that he was retired, he didn’t make enough money to qualify for a loan. Technically, this was true. He’d had plenty of income before he retired, but his income from Social Security and [...]

2018-12-12T11:51:24+00:00December 12th, 2018|

New Arizona Conventional Loan Limits for 2019

New Arizona Conventional Loan Limits announced for 2019 The Federal Housing Finance Agency (FHFA) has announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. See below for the new limits that will be available in January 2019. Conforming Loan Limits for all of Arizona: 1 [...]

2018-11-28T10:04:07+00:00November 27th, 2018|

Does Buying Downtown Make Sense?

In the late 1990s, downtown Phoenix was pretty much dead. Today, with its state-of-the-art sports facilities, ultra-hip restaurants and bars, completely renovated convention center, and ASU extension campus, the area resembles more of a boom town than a ghost town. Thousands of new apartments and condominiums have been built in the city’s center recently, but [...]

2018-11-13T10:09:24+00:00November 13th, 2018|

Does Moving Up Mean Moving Out?

Last week, the Phoenix Business Journal ran an article about Scottsdale-based luxury home builder Meritage Homes’ intention to shift its focus from the luxury market toward building more entry-level homes. With home prices and interest rates on the rise, prospective homeowners, especially Millennials burdened with enormous student loan debt, want affordable housing, so Meritage’s [...]

2018-10-29T17:17:46+00:00October 29th, 2018|
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