David 's Blog

FREE CONTINUING EDUCATION CLASS FOR ARIZONA REAL ESTATE PROFESSIONALS

Have your clients asked you any of the following questions and you just weren't quite sure how to answer them?

• Is it better to file bankruptcy or to foreclose?
• What is a short sale and how can it affect my credit?
• What about a Deed-In-Lieu of Foreclosure?
• Foreclosure vs. Short Sale - which is better for me?
• Many more items to cover!!! 

You are invited to attend the continuing education seminar " Answers To Tough Questions About Credit In Today's Market" on Thursday, February 25th from 1:00 pm - 4:00 pm.  This event is FREE and provides (3) three Accredited General Hours towards your continuing education requirements.
 
David Krushinsky, a Certified Mortgage Planning Specialist, will address those tough questions regarding credit in today's real estate industry.  

Don't miss out on this opportunity to learn about new and changing information and get your questions answered by a mortgage professional. 

The Seminar will be held at the W.J. Bradley Mortgage Capital Corporation Conference Room located at 9237 East Via De Ventura Suite #100 Scottsdale, AZ 85258 on Thursday, February 25th from 1:00pm - 4:00pm.
 
Please RSVP to reserve your seat.  For any questions or to RSVP, please contact David Krushinsky at 623-594-7600 or email david@dkhomeloans.com 
 
Hope to see you there!
 
Accredited by C. David McVay School - 3412 E. Dunlap Ave., Phoenix, AZ 85028
602-749-2098 Email: dmcvay@cdavidmcvayschool.com ; www.cdavidmcvayschool.com

So you're in the market to purchase a home in Phoenix, Arizona?  You've saved your money, but were hoping to find something with a low down payment.  Unfortunately, most of the affordable houses in your price range are unable to be financed with a FHA home loan.  It is beginning to seem like your only option may be Conventional financing, which requires a significantly larger down payment. 

There is another option.  It is possible to take advantage of today's low interest rates and affordable home prices in Phoenix, while still benefiting from a reasonable down payment.

You can purchase a home, which is owned by mortgage giant Fannie Mae, for as little as 3% down.  Fannie Mae currently owns many homes taken over through the foreclosure process in Arizona.  These homes can be financed through their new HomePath^® program, specifically for Fannie Mae REO properties.  Listed below are some of the highlights. 

HomePath^® Financing Highlights

You can search for Fannie Mae REO's at in Arizona by clicking here.  Fannie Mae is also offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010.  Buyers purchasing properties listed on this site that are closed within this period may receive up to 3.5% of the final sales price for:

• Closing costs;
• The purchase of new Whirlpool® appliances by Fannie Mae; or
• A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%.

Our mortgage team works with many Real Estate Professionals that specialize in locating these homes for our borrowers.  Please feel free to contact us for a referral of someone who is qualified to assist you in writing a contract, negotiating terms and obtaining the best long-term strategy for you and your family.  Purchasing a home involves many other aspects than just negotiating a sales price.  It's very important to know, upfront, how to properly structure your real estate offer upon submitting your contract to Fannie Mae.  Contact us today to begin the process.