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The internet is filled with content about the housing market, but not all of it is reliable. In fact, many self-proclaimed experts use exaggerated claims and shock tactics to gain views and subscribers. Don't be swayed by these sensationalized pronouncements. Instead, let's dive deep into the Phoenix real estate market, focusing on foreclosures and the factors influencing them.
READ MOREIf you're planning to buy a home with an FHA loan, you'll be pleased to know that the Federal Housing Administration (FHA) has recently announced a significant update to its mortgage insurance premiums. Effective March 20, 2023, the FHA is reducing its annual mortgage insurance premiums by about 35% for all FHA loans. This is great news for homebuyers, as it means lower monthly payments and more money in your pocket. In this article, we'll explore the details of this FHA mortgage insurance update, including the new premium rates and what it means for homebuyers.
READ MOREWant to purchase or refinance a home but struggling with documenting your income? Consider a no-income mortgage. This game-changing product is designed to help retirees, self-employed individuals, seasonal workers, and those who have experienced a life event to secure a mortgage without income documentation. In this article, we dive into the features of a no-income mortgage and how it can benefit you.
READ MOREHomebuyers who have recently had their credit pulled may be bombarded with unsolicited phone calls from companies trying to sell them services related to their home buying journey. These calls can be frustrating and time-consuming, and can often leave homebuyers feeling overwhelmed and unsure of what to do.
READ MOREPurchasing a home is a significant financial and emotional investment. As a first-time homebuyer, it's essential to understand the entire process from start to finish. Here are the key steps involved in the home buying process:
READ MOREIn this post, we’re going to explore 2-1 Buydowns and when one might be right for you. Let’s dive right in.
READ MOREYou may have heard mixed reviews about HOAs. Some people love them, while others could live without them. So, what's the verdict? In this blog post, The Mortgage Brothers Team explores the ins and outs of HOAs so you can decide for yourself if living in one is right for you.
READ MOREToday, we have a story. For twenty years, Eddie had heard borrowers say that whenever they had a mortgage late it was because of an issue with auto-pay. He never fully got it. But, now he does, because it happened to him!
READ MOREA Loan Status Update, also known as a LSU, is a document specific to the state of Arizona that shows updates to the transaction between a buyer and a seller. It helps real estate agents communicate with the buyer and seller realistic expectations, as well as other details throughout the entire process of the loan.
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