Arizona Mortgage >> AZ Home Loans http://azwm.com A Phoenix, AZ Mortgage Company Tue, 15 May 2012 19:56:38 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 USDA Rural Housing Streamline Refinance Program http://azwm.com/05/usda-rural-housing-streamline-refinance-program.html http://azwm.com/05/usda-rural-housing-streamline-refinance-program.html#comments Tue, 15 May 2012 19:56:38 +0000 AZWM TEAM http://azwm.com/?p=3071 Do you currently have a USDA Rural Housing loan?  Have you been unable to refinance in the past?  There’s a brand new program that’s only been out a few weeks that allows you to refinance.  To qualify you must have occupied your current house for at least one year and made a total of 12 months of mortgage payments.  Your new interest rate needs to be reduced by 1%.  There is no debt to income qualification. Most importantly AN APPRAISAL IS NOT REQUIRED.  Call Arizona Wholesale Mortgage Inc. or click on the contact us page for more information.

Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 & Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998.  We are now serving the state of Arizona and New Mexico.

]]> http://azwm.com/05/usda-rural-housing-streamline-refinance-program.html/feed 0 Fha Streamline Refinance- Lower Mortgage Insurance Starting June 2012 http://azwm.com/05/fha-streamline-refinance-mortgage-insurance-starting-june-2012.html http://azwm.com/05/fha-streamline-refinance-mortgage-insurance-starting-june-2012.html#comments Tue, 15 May 2012 19:23:07 +0000 AZWM TEAM http://azwm.com/?p=3067 Have you been thinking about refinance your fha loan but can’t because HUD increased the monthly mortgage insurance factor amount?  Well starting in June 2012, if your current loan closed on or before June 1, 2009, the upfront mortgage insurance and the monthly mortgage insurance amount is decreasing.  Yep!  That’s correct.  For a very brief period of time fha borrowers will be able to refinance.  To start your loan process, we will require a copy of the note with your current service provider.  Call today for more information.

 Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 & Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998.  We are now serving the state of Arizona and New Mexico.

 

]]> http://azwm.com/05/fha-streamline-refinance-mortgage-insurance-starting-june-2012.html/feed 0 Fannie Mae Harp 2.0 Update http://azwm.com/05/fannie-mae-harp-2-0-update.html http://azwm.com/05/fannie-mae-harp-2-0-update.html#comments Wed, 09 May 2012 18:25:51 +0000 AZWM TEAM http://azwm.com/?p=3062 Fannie Mae announced last week that if a Fannie Mae Du Refi Plus loan does not receieve a property inspection waiver and the borrower later defaults that Fannie Mae will make the current servicer buy back the loan.  As a direct result almost every single lenders has changed their Fannie Mae Du Refi Plus policy.  The new policy states  if the automated approval does show a property inspection waiver than the bank will not do the loan.  You see banks don’t want to take on anymore risk.   They don’t want to worry about having to buy back another house.  Banks aren’t in the real estate business.  They are in the mortgage industry.

Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 & Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998. We are now serving the state of Arizona and New Mexico.

]]> http://azwm.com/05/fannie-mae-harp-2-0-update.html/feed 0 United Guaranty MI Transfer Going Smoother http://azwm.com/05/united-guaranty-mi-transfer-smoother.html http://azwm.com/05/united-guaranty-mi-transfer-smoother.html#comments Mon, 07 May 2012 18:35:46 +0000 AZWM TEAM http://azwm.com/?p=3058 For those of you with United Guaranty as your current mortgage insurance servicers, our new mortgage insurance transfer policy is finally going smoothly.  While other companies have given up and just won’t do loans that are currently being serviced by United Guaranty, we at Arizona Wholesale Mortgage Inc. have actually streamlined our mortgage insurance process.  Rather than sitting on the sidelines and waiting for the industry to change it’s policy, we started the ball rolling and decided to do something about.  I personally got a hold of United Guaranty.  After speaking with several of their staff, we now have an effective policy in place that will speed up the mortgage insurance transfer process for all of us.  If you have mortgage insurance with United Guaranty and have been turned down by another lender for a Harp 2.0 loans give us a call today we can help.

As always telling you like it is, Arizona Wholesale Mortgage Inc.

 

Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 & Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998.   We are now serving the state of Arizona and New Mexico.

 

]]> http://azwm.com/05/united-guaranty-mi-transfer-smoother.html/feed 0 United Guaranty MI Update http://azwm.com/05/united-guaranty-mi-update.html http://azwm.com/05/united-guaranty-mi-update.html#comments Thu, 03 May 2012 20:12:26 +0000 AZWM TEAM http://azwm.com/?p=3052 As of May 3, 2012 if you have United Guaranty for your current mortgage insurance, they will not transfer over your current mortgage insurance certificate without reviewing a full file from your current mortgage servicer.  What if your loan has been bought and sold numerous time throughout the years?  Well if the current servicer does not have the original loan package than you will not get a loan approval from United Guaranty.  That means you won’t be able to refinance under the Harp program.  So what can you do?  First you need to find your mortgage insurance certificate number.  Then you need to call United Guaranty. Press 1 for the loan modification department.  Give them your mortgage insurance certificate number.  They will pull up your file.  Then, they will tell you whether or not they are going to request a copy of the original loan package.  If yes, than you need to forward their loan documentation list to your current mortgage servicer.  You will need to request the documents from your current mortgage servicer to make sure they still have all the loan documentation.  As companies are bought out, the odds of them loosing some of your loan paperwork increases.  Then, forward over your electronic files to your loan officer to review to make sure that the necessary paperwork is there.  If yes, than you will be able to continue on with the loan process.  From there your process should go smoothly.

As always telling you like it is Arizona Wholesale Mortgage Inc.

Arizona Wholesale Mortgage Inc. offers the following loan products:

  1.  Fha Loans
  2.  203 K Loans
  3.  Reverse Mortgages
  4.  Conventional Loans
  5.  Conforming Loans
  6.  NonConforming/Jumbo Loans
  7.  Va Loans
  8.  Fannie Mae Home Path
  9.  Fannie Du Refi Plus
  10.  Freddie Mac Relief Refi
  11.  Obama Refinance Program- Harp 1.0 & Harp 2.0

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998. We are now serving the state of Arizona and New Mexico.

 

 

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