Our Mortgage Blog
Why does the amount of my down payment have an effect on my interest rate?
Lending is largely based on risk, where lower risk loans can have lower interest rates. This can seem abstract. Here’s an example: If you had two friends who needed to borrow $100, and Friend A already had $20 but Friend B only had $3, which Friend seems like a higher...
What Exactly Is a 203K Loan
A 203K loan is one which is offered by the FHA and is commonly referred to as a home renovation loan, because it includes the cost of both purchasing a home and renovating it. This kind of loan is generally applied for by individuals who have chosen to rehabilitate an...
Jumbo Mortgages in Phoenix, AZ
Jumbo loans have been made available to the public these days in response to the constantly rising cost of home buying. Specifically, jumbo mortgages are those which are higher than the allowable dollar amount which are placed on homes by loan-servicing organizations...
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