The Mortgage Brothers Show

Up to date news, tips, and advice, so you can make real estate decisions with confidence.

How to Refinance Student Loans Into Your Mortgage

01-30-2020About MortgagesEddie Knoell

In this episode, we discussed how to refinance student loans into a mortgage without it being considered a cash-out refinance.

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New VA Loan — No Loan Limits

01-22-2020About MortgagesEddie Knoell

In this episode we went over some exciting changes that are effective January 1st, 2020. As of that date, there will be no VA loan limits for borrowers who purchase a home, subject to them having no outstanding used entitlement.

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No Appraisal Needed! — What is an Appraisal Waiver?

01-10-2020About MortgagesEddie Knoell

In this episode, we talked about appraisal waivers. If you’re getting a conventional loan on a refinance or purchase, you might not need to get an appraisal done on your home. About 20% of loans today are receiving appraisal waivers in the underwriting process.

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FHA Loan Limit Increased to $331,760 for most Arizona Counties

12-11-2019About MortgagesEddie Knoell

In Arizona and most of the USA as of January 1st, 2020, FHA loan limits have been increased from $314,827 to $331,760. This is great news! If you’re a single-family residence the limit went from $314,827 to $331,760.

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Conventional loan limit in Arizona has just been increased to $510,400

12-03-2019About MortgagesEddie Knoell

In Arizona and most of the US, the conventional loan limits have been increased from $484,350 to $510,400. This is amazing news, just four years ago that limit was $380,000.

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Phoenix Mortgage Brothers Youtube Channel

11-18-2019About MortgagesEddie Knoell

On our YouTube channel we answer all sorts of mortgage questions our borrowers have when buying and refinancing our homes.

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How to Freeze and Unfreeze Credit Reports

11-14-2019About MortgagesEddie Knoell

In this episode, we covered how to freeze your credit report files. Doing this online is the easiest, most efficient, and cost-effective way to protect your credit from hacks and theft.

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How to Count Commissions and Bonuses and Tips

11-05-2019About MortgagesEddie Knoell

This episode covers how to count commissions, bonuses, and tips when it comes to getting conventional, VA, or FHA loans.

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Getting a Mortgage with Employment Gaps

10-31-2019About MortgagesEddie Knoell

In this episode, we covered gaps in employment. In some time in their life, most people will probably have a gap in employment. The reason why gaps are even defined or talked about is that underwriters are looking to see the sustainability and likelihood of you continuing to make an income.

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Parent and Child Co-borrowers: What You Need to Know

10-16-2019About MortgagesEddie Knoell

In this episode, we covered how a parent can purchase a home for their child while treating it as a primary residence, allowing for better rates and lower down payments. The good news is that this can also be done the other way around, with the child helping out the parent.

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Conventional Versus FHA Mortgage. What is best for you?

10-09-2019About MortgagesEddie Knoell

In this episode, we discuss the advantages of FHA versus conventional loans and which might be right for you. We hear a lot about how people don’t want FHA loans because of mortgage insurance and we also get people calling concerned about FHA loans because of the appraisals. This is more of an old school issue that used to exist. Today, the FHA appraisals should be very standard, just like conventional.

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What You Need To Know About Combo Mortgages

10-09-2019About MortgagesEddie Knoell

In this episode, we talked about combo mortgages. In most cases, we talk about these when someone needs a loan above the maximum conventional loan limit of $484,000. A combo mortgage will help you bridge a gap and get a little more money.

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How to Navigate A Mortgage After a Divorce

10-02-2019About MortgagesEddie Knoell

In this episode, we talked about something that is, of course, a sad, hard time for a lot of folks — divorce. Divorce is a tough emotional time for everyone with a lot of things to consider, one of which is the roof over your head. One common piece of advice you’ll hear is to find a good attorney, a good financial planner, and a good mortgage broker. In most cases, when our borrowers come to us, one spouse is going to stay in the home and refinance that loan into their name alone and the other will want to get off the title and buy another property.

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