You might have heard that the Federal Reserve will began raising interest rates for the first time in a decade. The first raise was only .025% but will continue to raise them in 2016 and 2017. Currently it’s effect on mortgage rates is minimal with a moderate increase in upfront closing costs or decrease in lender credits. If you have more questions on how this rate hike will affect your upcoming Arizona home purchase call United Mortgage at 480-503-3533 http://goo.gl/6gJjBh
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 many first time homebuyers they might have a family member that’s willing to help. If you are a Phoenix first-time home-buyer or looking to buy a new home, United Mortgage Financial Group, Inc. can be reached at (480) 503-3533 or at our http://goo.gl/38qkho
If you’ve proudly served your country in the military, you’re likely eligible for for a VA Loan. These highly-flexible, government-backed loans are a great option for veterans seeking to purchase of a home, refinance, or secure a home equity loan. If this sounds like you, call United Mortgage in Arizona at (480) 503‑3533 and we’ll help you navigate the process. For more information about us, visit our website: http://goo.gl/sVSDsy
In this edition of Arizona Mortgage News, local expert Mike Goblet of United Mortgage and Financial Group discusses how getting the money for a down payment is a little easier which may allow many first time home buyers a greater chance at owning their new home.
United Mortgage Financial Group 