Arizona mortgages

Qualifying for a Mortgage – Part 2

June 10, 2015

If you want to qualify for a mortgage in Arizona, the best place to start is at United Mortgage Financial Group. First, there is an application.  Then, a credit report is pulled to determine your eligibility and DTI.  DTI is debt to income ratio which should not be more than 38%.  Once everything is reviewed, […]

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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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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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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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