I want to sell my house, but I'm still underwater. Does that sound familiar? Many Phoenix area homeowners have been upside down on their mortgage for the past few years and would like to sell their house. Unfortunately, they have not been able to because they were in a negative equity position and did not want to short sale. Am I Still Underwater? It is possible that you are not. Get a free market analysis to see if you are underwater or not. A recent report on the Greater Phoenix Housing … [Read more...]
Arizona HARP Refinance: Is It a Good Option For You?
The Home Affordable Refinance Program was first announced in 2009 as a way to help underwater homeowners refinance their homes and hopefully stimulate the economy. After HARP 1 didn't go as well as hoped, the HARP program was modified and labeled HARP 2.0 early in 2012. While HARP 2.0 is helping more homeowners than HARP 1.0 did, there are still millions of homeowners left out in the cold when it comes to home refinancing and taking advantage of lower interest rates. As a result of these … [Read more...]
FHA Streamline Refinance: This is a big deal…
Dan Green, a mortgage originator with Waterstone Mortage and author of the fabulous blog, The Mortgage Reports, wrote a terrific (and truly important) piece, FHA Streamline Refinance Changes : Banks To Stop Verifying Income, Job, And Credit. Go. Read it. In a nutshell, if you have an FHA mortgage, you can refinance it. Even if you are underwater (owe more on your mortgage than the house is worth. A likely scenario in the Phoenix area). Even if you have lousy credit (though you can … [Read more...]
The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...