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Arizona Mortgage Question of the day: Where do I find a FREE mortgage calculator?


Arizona Mortgage Question of the Day (now affectionately called “QD”) Where do I find a FREE mortgage calculator?

First, this is an easy one.  I’ve got you covered.  We have MANY mortgage calculators on our website.  

It’s easy. Click here —>http://fcfs.net/loancenter-calculators-default.aspx

Many home buyers/refinancers looking for an Arizona mortgage want to do their own research BEFORE they call a loan officer. I understand that. 

Use the Arizona mortgage calculators to:

1. Calculate monthly payment —>http://fcfs.net/loancenter-calculators-monpmt.aspx

2.  How much you can you afford? —>http://fcfs.net/loancenter-calculators-howmuch.aspx

3.  The affect of making an extra mortgage payment? —>http://fcfs.net/loancenter-calculators-extrapmt.aspx

4.  Chart an amortization schedule —>http://fcfs.net/loancenter-calculators-amort.aspx

5.  The cost of renting -vs- owning —>http://fcfs.net/loancenter-calculators-rentvsown.aspx

6.  The difference between and ARM (adjustable rate mortgage)  and a fixed rate mortgage ->http://fcfs.net/loancenter-calculators-fixedvsarm.aspx  

7. Should I refinance —>http://fcfs.net/loancenter-calculators-interestsaving.aspx  

and many more!

You owe it to yourself to get started today!

Click here —> https://secure.web-loans.com/security-logon.aspx?timeout=1  to apply for your Arizona mortgage online today!

Having a dream is good, owning one is better!

Leslie Nilsen

Owner/Broker

First Class Financial Services, proudly mortgage lending since 1999!

602.294.9288(O)

602.294.9830(F)

www.fcfs.net                 mortgagedr@fcfs.net

 MB#0902810 / NMLS #162494 / AZDFI Loan Officer # LO-0911453

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Buy AZ investment properties! Buy AZ investment properties! Buy AZ investment properties! (subliminal message)


Buy AZ investment properties! Buy AZ investment properties! Buy AZ investment properties! (subliminal message)

NOW IS THE TIME! Buy Arizona Investment Properties!

Why am I saying this again? I know from personal experience! I recently got married. Yes. Yay for me! In doing so, we bought a house together. This required me to determine what I was going to do with the house I already owned. Never having been a landlord, I was concerned. My fear was outweighed by the fact that I am underwater on my mortgage. Leslie Landlord here I am! S

o, I listed it as a rental in MLS and waited. What? 35 minutes? That is probably a liberal guess. My phone INSTANTLY started ringing. Literally.

Now I know I am not telling you anything you don’t already know I just thought from hearing my personal experience you may have a different listening for the story.

In 21 days, I had over 15 people look at it. More who just called but were eliminated from the amount of the monthly rent. I have put my heart and soul into remodeling the property so I wanted to find just the right tenant. In the end, I had several applications, all from qualified tenants, to choose from! Hopefully, I found the tenant that is going to care for my property as their own, and given their prior landlord verification, they will leave it nicer than when they got it! Now thats the tenant anyone would want!

With rates being CRAZY low, property availability still abundant enough to find viable options and even HOMEPATH financing which allows for 10% down and no appraisal…why would you NOT want to look into the next level of investing?

Wish me luck!

Having a dream is good, owning one is better!

Leslie Pelletiere, Owner First Class Financial Services, proudly mortgage lending since 1999!

602.294.9288(O) 602.294.9830(F)

www.fcfs.net

MB#0902810

NMLS #162494

AZDFI Loan Officer # LO-0911453

AZ Mortgage Question of the Day: My wife mortgaged our primary residence only in her name, do I need to count that against me when I qualify?


AZ Mortgage Question of the Day: My wife mortgaged our primary residence only her name, do I need to count that against me when I qualify?
 

Simple answer, YES. Arizona (and many other states- see below) is a community property state so debt is considered “common” between husband and wife regardless of who signed the note.  This is important for several reasons but primarily for asset requirements.  Every loan has a “reserve” requirement.  This means “a number of months of principal/interest/taxes and insurance for EVERY property that you own needs to be available in liquid funds.”

 

IF the wife, in this case, holds the Arizona mortgage note but BOTH parties are on the deed, this is considered community property and is subject to reserve requirements.  We want to make sure that the amount of assets available meet the reserve requirement.

 

Reserves are considered checking, savings, stocks, mutual funds, bonds, and retirement accounts.  Retirement accounts only receive credit for 60% of their balance (due to restrictions on having access to the money).

 

Special rules apply to spousal property and income in the community property states:

  • Arizona
  • California
  • Idaho
  • Louisiana
  • Nevada
  • New Mexico
  • Texas
  • Washington
  • Wisconsin

Feel free to contact me if you have any questions.

 
Having a dream is good, owning one is better!

 

 

Leslie Pelletiere, Owner

First Class Financial Services, proudly mortgage lending since 1999!

602.294.9288(O)

602.294.9830(F)

http://www.fcfs.net

MB#0902810

NMLS #162494

AZDFI Loan Officer # LO-0911453