Arizona Mortgage

Understanding Title Insurance

October 5, 2015

If you own a home you’ve bought Title Insurance, it’s a part of the home buying process. Unlike homeowners insurance that is ongoing coverage, title insurance and the title company works a little differently. Many people don’t understand it entirely just maybe nod their head in agreement or remember they signed the closing papers there. […]

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Understanding The Appraisal Process

July 20, 2015

The appraisal of your home is a necessary part of the mortgage process.  It also might be the least understood part.  A lot of nuances are involved of the appraisal process and can be confusing to many people.  The appraisal takes into account square footage, lot size, pool, extra buildings on the land, etc.  It’s […]

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Two Acronyms to Learn – LTV & PMI – Part 3

June 18, 2015

In today’s episode, resident Arizona Mortgage expert Mike Goblet  talks about some tricky acronyms – LTV & PMI. LTV is “Loan to value.” LTV is one of the key elements in determining a mortgage and what the rate will be.   LTV stands for the percent of ratio of money you are borrowing versus the value […]

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How To Shop For A Mortgage

May 11, 2015

The first thing you should always do when you start looking for a mortgage, is to shop for it. Checkout other lenders and see what the programs are.  Don’t ever assume the first offer your getting is likely to be your best offer.  It is important to get to the bottom line.  To do that, […]

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Changes to Fannie Freddie that may help Home buying easier for many people in 2015

January 9, 2015

Some changes have come into effect for 2015 that might make home buying easier in the Phoenix area. Earlier this year Fannie and Freddy changed their guidelines that almost all lenders use. Which is, they allow gift money from a family member to be used up to 100 percent of the down payment. So, for […]

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What are the Advantages of a VA Mortgage?

July 24, 2014

Being a veteran provides a lot of benefits that the government supports. One of the real advantages that has been around for many, many decades has been the VA mortgage loan.  The VA loan is one of the best programs out there.  The pricing is significantly better with a VA loan than that of a […]

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Why Don’t Banks let you choose your own rate?

July 8, 2014

Wouldn’t it be nice to choose your own rate?  Well, you can.  In this edition of Arizona Mortgage News, local expert Mike Goblet of United Mortgage and Financial Group discusses what banks provide you during the mortgage process and why being armed with information prior to getting a mortgage can save your thousands of dollars. […]

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Forecasting 2014 Mortgage Rates

February 13, 2014

In the last edition of Arizona Mortgage News, local expert Mike Goblet of United Mortgage and Financial Group covered the changes in qualified mortgages.  Today he addresses, among other things, what will happen to rates in 2014. The short answer: rates are going to go up. In this video, Mike will shed light on why, […]

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Is A Bank a Better Choice Than a Mortgage Broker for a Home Loan?

November 14, 2013

In this edition of Arizona Mortgage News with local expert Mike Goblet of United Mortgage and Financial Group, we’re going to talk a little bit about the difference between a mortgage broker and a bank. Which one is a better option for when you’re out there looking for a mortgage? The basic difference between a […]

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What Not To Do … During the Mortgage Process

October 7, 2013

When getting a mortgage, there are plenty of things you should do to keep the process running smoothly.  However, in this episode of Arizona Mortgage News Insider Update, Mike Goblet of United Mortgage and Financial Group discusses what ‘not to do’.  Mike shares tips on credit as well as what you should and should not […]

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Getting A Mortgage if you have had a Short Sale in the Past

September 10, 2013

Getting a mortgage might be easier than expected even if you had a short sale.  In this episode of Arizona Mortgage News Insider Update, Mike Goblet discusses the various paths a person can take to get the mortgage they are looking for.  Conditions in the mortgage market are changing.  If you are looking to get […]

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How to Avoid Mortgage Insurance

June 3, 2013

Matt O’Brien:  Welcome back to another segment of “Arizona Mortgage News ‑ Insider Update.” We have our local expert, Mike Goblet of United Mortgage and Financial Group. Today is a very interesting topic. Mike would like to share how to avoid mortgage insurance and avoiding it even without putting 20 percent down. Mike, enlighten us […]

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Learn About the Important Changes to FHA

May 15, 2013

Matt OBrien:  Welcome back to another segment of Arizona Mortgage News. We’re here with our resident Arizona expert, Mike Goblet. Today, Mike has an interesting announcement. Sounds like there’s some important changes that are coming our way for FHA loans. Mike, could you enlighten us on this? Mike Goblet:  Yeah, Matt. Last time we talked, […]

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What are the differences between an FHA and a conventional mortgage?

May 8, 2013

Matt O’Brien: Well, welcome back with another segment of Arizona Mortgage News with Mike Goblet. Today’s question is about mortgages. Mike, viewers are asking, what are the differences between an FHA mortgage and a conventional mortgage? Mike Goblet:  Yeah, I think that’s an important question in this new purchase market that we’re in. FHA loans have […]

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Short Sale Rehab

May 1, 2013

Matt O’Brien: OK, well, we’re back with another segment of Arizona Mortgage News, insider tip. Today we’re going to talk about short sale rehab. There are people out there that have done short sales and want to get back in the game and they want to know what their options are. Mike, I know you […]

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Arizona Mortgage News – Insider Update on 3 Key Home Buyer Tips

February 18, 2013

https://www.youtube.com/watch?feature=player_embedded&v=B5V6Cw2aesY Matthew O’Brien: OK, well, today we’re here with Mike Goblet and we’re going to talk a little bit about, essentially, is now a good time to buy a home? Mike. Mike Goblet:  Hey, Matt. How are you? Hey, that’s a great question. Right now, there’s a lot of interest in what’s happening in buying […]

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Explaining Quantitative Easing Three

October 30, 2012

I wanted to discuss the impact of the feds announcement of QE3 or quantitative easing three. In mid‑September, they announced that they were going to start their new round of quantitative easing by actually buying, specifically, mortgage‑backed securities to the tune of 40 billion per month. It’s just an incredible proposition on their point and […]

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What is a No Closing Cost Loan

October 23, 2012

I am sure everybody has heard about no closing cost loans and wondered about them. Did you really think that a no closing cost loan means there were no origination fees, there were no title fees, no underwriting fees? The answer is, “Of course not.” Every loan has those items attached to them. The real […]

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The Japan Earthquake, Libya and Mortgage Rates

March 22, 2011

Rates have been very volatile.  They were on a slow steady incline until we ran into the issues with Egypt, Japan and Libya, then they came back down again.   Right now they are slowly going up again.  As always, we are at the mercy of the market.  As the stock market stabilizes and Japan gets […]

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Thinking of Walking Away from your Home with a Strategic Default? What you Must Know Before you Make that Decision

October 4, 2010

Everyone is well aware that we are in historic times for mortgages. From rates being so low to values being so low.  The problem facing many homeowners today is the fact that a home you bought in recent years is now worth significantly less than you paid for it.  You are upside down on equity.  […]

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