arizona homeowner presented by arlene friedman
Post on 15-Mar-2016
Embed Size (px)
DESCRIPTIONLifestyle and real estate information for Phoenix, AZ
custom closetsGetting Dressed Goes From Mundane To Marvelous
scrumptious summer side dish Maria Marias Mango Cerviche
Produced by Desert Lifestyle Publishing 480.460.0996 www.DesertLifestyle.net
Theneedsofeveryclientaredifferent.Ispecializein tailoringaloanandfinancingstrategythatwillbestfit theindividualneedsofeachclient.
Haveyoueverclosedonamortgageandlaterhad remorsethatyoumayhavepickedthewrongloan programorpaidtoomuchinfees?Iofferabenefit analysisoneveryloantoensurethattheloanprogram andtheassociatedcostsarethebestfitandinthebest interestoftheclient.
Closingthousandsofloansoverthecourseofmycareer assuresyouthatasanindustryveteranIhavethe knowledgeandexpertisetohandleeverysituation.
Call me today!
Brady HollandSenior Mortgage Banker
Office: 480.278.8993Cell: 480.272.3282
Brady HollandSenior Mortgage Banker
NMLS 145502AZ BK#0909074
MORTGAGE RATES as of 2/24/11
Loan Rates for $150K-$417K: 30-Year Fixed: 5.000%/5.115% APR 15-Year Fixed: 4.375%/4.566% APR
5/1 ARM: 3.625%/3.727% APR
Loan Rates for $418K-$1.5M: 30-Year Fixed: 5.625%/5.684% APR
5/1 ARM: 4.375%/3.535% APR 7/1 ARM: 5.000%/4.008% APR
*Note: All rate quotes offered at 0% points for primary home purchase or no cash-outrefinance financing with 720+ FICO score. Loans under $417K are quoted based on 20% equity
while loans over $417K require 20%-30% equity. Other financing options are available upon request.
Welcome to spring. While most of the rest of the country is just starting to warm to a slight thaw, we are in for a treat. March and April offer some of the best weather of the year in the Valley. Enjoy it while you can!
Mortgage lending has gone through a lot of changes this past year. To help you understand, here are some questions I commonly receive from clients:
Q: With the real estate market in disarray we are leaning toward renovating our home rather than trying to sell it. How do we go about getting a loan for this?
A: The cheapest way to finance a smaller home improvement project is by securing an equity line or second mortgage. We still have a few investors we work with that offer those. But with fixed rates so low, many clients are opting for our fixed rate 1st mortgage renovation loan. Here, we refinance your existing mortgage to a low fixed rate and then add-in an additional amount to pay for your home improvement project.
Q: We think our house is worth less than what we owe and we would like to refinance out of our existing ARM loan before it rises. What are our options?
A: To refinance, you typically need 5-10% equity. But if your existing loan is FHA or VA there are some options to refinance without an appraisal.
If you have a Fannie Mae or Freddie Mac loan you can owe more on the loan than the house is worth and still qualify for a refinance. And lastly, you can also call your existing lender
and make a case for them to modify your loan to a fixed rate. Give me a call and Id be happy to help you review your options.
Q: We are considering a purchase and like the fixed rate but were amazed at how much lower the ARM rates are. Is it wise to choose an ARM?
A: On a 30 year fixed mortgage the lender guarantees the rate for 30 years. On an ARM loan such as a 5/1 ARM, the rate is fixed for 5 years and adjusts every year thereafter based on the movement of the ARM index. Since the lender is only guaranteeing the fixed rate portion for 5 years, they offer the rate at a 1/2%-1% discount to the fixed rate. We are at a 40 year low with mortgage rates so the assumption is that rates will be quite a bit higher in the coming years, making a good case for you to lock in a 30 year fixed rate at todays lows. However, with the ARM rates even lower it can make sense and save you money if you plan to move or refinance before your ARM loan adjusts. I dont recommend a monthly or 1 year ARM as they are high risk with adjustments in the short run. But we do offer a 3/1, 5/1, 7/1, and 10/1 ARM where the rate is fixed for 3, 5, 7, or 10 years before adjusting annually thereafter. With careful planning you can save a lot of money with an ARM loan program.
Arizona HomeownerMay | June 2011
V.I.P. Mortgage, Inc.8414 N. 90th St. | Suite 102Scottsdale, AZ 85258RETURN SERVICE REQUESTED
Event CalendarMay | June 2011
Arizona Wish BallWestin Kierland Resort, May 14th602.395.9474 | WishAZ.orgCome celebrate the mission of the Make-A-Wish Foundation of Arizona at this hosted cocktail reception, silent auction, dinner and dancing program. Your participation benefits hundreds of children with life- threatening or life-immobilizing illnesses and helps them to see their most heartfelt wishes come true.
Mamma Mia!ASU Gammage, May 17th 22nd480.965.3434 | ASUGammage.comPerhaps youre a veteran of this fun, smash-hit musical. Or maybe youve only seen the film. Or, alas, perhaps neither! Dont miss this heart-warming and toe-tapping tale of love, laughter and friendship; all set to musical artists ABBAs greatest hits. Guaranteed to put a smile on your face and a dance in your heart.
Celebrating Women Tea FundraiserPhoenix Art Museum, May 22nd602.265.4014 | TheHarpFoundation.orgSpend a lovely afternoon in celebration of the women in your life. Hear keynote speaker Cynthia Richmond on the power of interpreting our dreams, take a self-guided exploration of the museum and indulge in a delicious afternoon tea. The event is hosted by The Harp Foundation, which provides soothing harp music for hospital and hospice patients.
Live & Let Die: The Music of Paul McCartneySymphony Hall, June 10th 11th602.495.1999 | PhoenixSymphony.orgAre you a tried and true McCartney fan? Were you blown away by the Phoenix Symphonys salute to The Beatles last year? Dont miss Tony Kishmans award-winning re-creation of the sound and look of Paul McCartney at this special weekend event.
Japanese Origami and MusicMusical Instrument Museum, June 19th480.478.6000 | TheMIM.orgAs part of the museums Summer Series for Kids, artist and musician Kuniko Yamamoto will guide children in the art and tradition of origami. Along with sharing folding techniques, children will learn the symbolic meanings of origami design. Followed by a flute and koto concert, the program promises to spark imaginations and encourage cultural discovery.
Arizona Diamondbacks vs. Cleveland IndiansChase Field, June 27th 29th602.514.8400 | Arizona.Diamondbacks.MLB.comTake me out to the ball game. Join fellow D-Back fans at this three-game home stand against the Indians. But first, take a guided tour of the ballpark and get your fill of hot dogs and peanuts before you settle in for the game. Play ball!
Featuring Maria MariaMariaMariaRestaurants.com
Thereareahandfulofareasineveryhomethatgetdailyuse.And,ifyougetdressedeveryday,yourclosetisoneofthem!Foranareathatisusedwithsuchfrequency,itonlymakessensetohaveaclosetthatisfunctional,ergonomic,streamlinedandpleasing. Whyaresomanyhomeownersinterestedinaclosetmakeover?Unlessyourhomewascustom-built,youprobablyhaveclosetsthatareasimplehomebuilderstandard;sometimesasbarrenasarodandashelf.Acustomdesigncantransformyourclosetfromcrowdedandblandtoanorganizedanduser-friendlyspace.Often,closetsmayhavearodthatishungtoolowortoohighforeitherthehomeownerorfortheclothingitemsthemselves.Then,thereistheissueofwastedspacebelowthehangingclothes.Withacustomcloset,youcanhavemultiplelevelsofshelving,rodsandstoragethatareadjustableandtrulymaximizeyourspace. Redoingyourclosetcanoffermanyadvantages.Whetheritsasmallancillaryclosetoralargewalk-incloset,havingyouritemsneatlyorganized,easilyaccessibleandarrangedaestheticallycandowondersforyourframe-of-mind.Sincemanyofusbeginourdaywithgettingdressed,thesenseoforderinawell-organizedclosetcanhelpcultivateastateofcalmnesstoourentireday. Oneofthebestthingsaboutdesigningaclosetplanfromscratchisthatyouareabletodetermineexactlywhattypeofitemsyoullbestoringandhowyoullbeaccessingthem.Haveatonofshoesscatteredaboutyourclosetfloor?Doyoucollectbaseballcaps?Doyouhaveseasonalitemsthatyoudliketostoreoutofyourwaybutstillhavewithinreach?Lookingforamoreorderlywaytokeepyourlaundryhamper?Needextrashelfspaceformultiplehandbags?Couldyoubenefitfromdividersinyourdrawersfortiesandsocks?Lastly,doyouwantyourclosettoreflecttherestofyourhome:aspacethatyouenjoyspendingtimeinandwouldntbeembarrassedtobringhousegueststo? Oneofthemostpopularitemsinwalk-inclosetsisanislandorpeninsulaaccompaniedwithabench.Havinganislandallowsforplentyofdrawerspaceanditsabuilt-incountertopagreatplacetoswitchouthandbags,re-chargeyourcellphoneorstashyourwalletandchange.Abenchisanexcellentadditionaswellasitsperfectforputtingonshoes.Manyhomeownersaremovingthegettingdressedpartoflifeoutofthebedroomandintothecloset.Withsomuchclosetstorage,youmayfindthatalargedresserorbureauisunnecessaryasbulkybedroomfurniture;leavingmoreroomforasittingarea,exerciseequipmentorelaborateelectronics. Whileyourecontemplatingyouridealwalk-incloset,itsfuntoconsiderthemultitudeofoptionsandconveniencesnowavailable.Somehomeownersareaddingthre