Mortgage insurance protects sellers in the event of a default on any value over 20%, but does little to serve the buyer’s interests. Buyers can avoid mortgage insurance is through Lender-Paid Mortgage Insurance or buyout the mortgage insurance through a low, one-time payment. If you are interested in learning more about which option is best for you, contact United Mortgage Financial at 480-503-3533 or visit us online at http://goo.gl/H04fdH
If you took out a HELOC [Home Equity Line of Credit] between 2000 – 2007 chances are the interest rate is re-adjusting now or will soon. If yours is going up contact your lender to see if you have the equity to roll the 2 mortgages together. Interest rates are still low so now is the time to consider a refinance if possible, call United Mortgage Financial Group at 480-503-3533 if you have any questions. http://goo.gl/ZhAK5T
Save and squirrel away money for a down payment used to be the only way you could buy a house. As years passed and home values rose for those looking to purchase their first home, this became a considerable cost. Recently Fannie and Freddy made changes removing the restriction that gift money, a contribution from a relative, can’t be towards the home purchase. To learn more about the changes to the law, call United Mortgage at 480-503-3533 or visit us online at http://goo.gl/MY3pyd
Some people think a low rate is the only variable to consider when thinking about refinancing. At United Mortgage Financial Group we will talk with you and look at your needs, wants and expectations are to find out if refinancing is the right option. To learn more about our refinancing guide, call 480-503-3533 or visit us online at http://goo.gl/aiI3EC
Money magazine has just ranked Mesa, Arizona “best big city in the Southwest.” They say it out ranks others because among other considerations “…it’s a great, affordable city for raising a family.” The Arizona Education Foundation has said that 9 Mesa area schools earned the A+ designation. Of course, cost of housing is considered even though prices went up 5.1% in the last year. The median home price in Mesa is $172,500. So let us help you get the mortgage that fits your family at your new Mesa area home. Call United Mortgage Financial Group at 480-503-3533 or at http://goo.gl/TNQQZZ
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. Watch our video to learn more https://goo.gl/lbAjTQ
One of the number one mistakes people make when applying for a mortgage loan is lack of transparency on the application. Your loan application could get declined if it includes inaccuracies or if you fail to include pertinent information. At United Mortgage Financial of Mesa, AZ, we can help get you get pre-qualified at no cost with no obligation. Give us a call at 480-503-3533 or visit our blog for more great advice for first time home buyers http://goo.gl/NXBcuO
The standard rule of thumb has been that you need to be prepared to put a 20% down payment on a new home. This can prevent a lot of potential home buyers from purchasing their dream home. The old 20% rule doesn’t need to hold you back. You can own a new home without putting 20% if you purchase Private Mortgage Insurance, or PMI. With PMI, a third party will essentially step in and says to the lender, “I will take money from these people, and if they happen to default, I will cover that difference between 20 percent and however much they’re putting down.” United Mortgage Financial can help you make your dream home a reality. Call us today at 480-503-3533 or visit us online: http://goo.gl/LYTqKV
Purchasing a home for the first time can be intimidating. To make process less daunting, take into account your wants and needs, the maximum monthly mortgage payment you are comfortable paying, and be sure to get pre-qualified. If you are looking for more guidance contact United Mortgage Financial at 480-503-3533. We can get you pre-qualified at no cost with no obligation. Visit our blog for more great advice for first time home buyers http://goo.gl/NXBcuO
Refinancing a loan can be a lengthy and complicated process leaving many wondering, is it worth it? In many cases the number of benefits justify the up-front expenditure, but you’ll want to make a decision that best serves your individual needs. At United Financial Group we will work with you to make sure you understand all of the nuances so you can select the best program for you. Give us a call at 480-503-3533 to get the conversation or visit us online at http://goo.gl/jbb4fI
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