eddieknoell

/Eddie Knoell

About Eddie Knoell

A native Phoenician serving Arizona Homeowners with over 15 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

FHA Loan Ban Lifted for Sun City Home Owners

Good news for seniors living in Sun City who want to use a Reverse Mortgage. FHA has lifted its two-year old ban against doing forward mortgages and reverse mortgage (referred to as Home Equity Conversion Mortgages or 'HECMs') in their West Valley retirement community.  Reverse Mortgage FREE Information Kit "Asset Preservation Fees" Lead to Ban in [...]

2018-11-07T16:45:26+00:00October 23rd, 2018|

Despite Dip in Valley Permits, There are Still Lots of Homes Out There

One of the important metrics for evaluating the health of the housing market is the number of single-family home building permits issued. The higher the number of permits issued, the more growth in the market. Last month, 162 fewer permits were issued in metro Phoenix than in September of 2017. That could be cause for [...]

2018-10-16T12:25:42+00:00October 16th, 2018|

Making Sense Out of Mortgage Rate Reporting

It can be hard to make sense of reports about mortgage rates. Last Wednesday, for example, Mortgage News Daily posted a mortgage rate update on their site with the headline, “Mortgage Rates Surge Well Into New 7-Year Highs.” On the following day, Freddie Mac’s website published an article entitled “Mortgage Rates Largely Hold Steady.” What [...]

2018-10-09T12:26:28+00:00October 9th, 2018|

Is Homeownership Hereditary?

Everyone knows that houses can be inherited, but can homeownership? It would seem that the answer to that question is “yes.” Homeownership is a Family Trait Recently, the Urban Institute conducted research on homeownership rates among millennials. They found that homeownership appears to be a trait that can be passed from one generation to [...]

2018-10-02T11:12:18+00:00October 2nd, 2018|

Understanding the Difference Between Pre-Approved vs. Pre-Qualified

In a competitive real estate market like metro Phoenix, home buyers--especially first time home buyers--need to use any edge they can to make them more appealing to sellers. Apart from having wheelbarrows full of cash on hand, probably the best thing they can do to increase their chances of making a successful offer on [...]

2018-10-02T10:46:33+00:00September 25th, 2018|
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