Sun American Mortgage Company began in 1984 with the dream of making homeownership in the southwestern U.S. a seamless process. We are an independent mortgage banking firm that has been rated top amongst home lenders in the region. For more than 30 years, we have helped individuals, families and seniors with a variety of mortgage needs; home purchase, reverse mortgages, rate and term refinances, cash-out refinances, FHA loans, VA loans, construction loans and many more. Get ready to experience the easiest home loan mortgage process ever. Your home loan experts in Arizona, Utah, California, New Mexico.
7 Lessons Learned While Looking for a Mortgage Broker in Arizona. Finding the best mortgage lenders in Utah is never complicated if you are an organized borrower.
Why I opted for Arizona Home Buying program? - Home Loan - Sun American Mortgage. As a child and throughout my teenage years, I wanted to leave my home badly.
To see the world, be free and create my own identity. Having grown up now I realize the importance of having a place to call home for me and my loved ones. But it’s not easy, especially as a first-time buyer. There are a lot of legalities and paperwork that I didn’t even know. My most pressing concern was that it required a lot of money that I didn’t have. How Arizona Home Buying Program Helped me: For me, help in the form of Arizona home buying programs which helped me get easy AZ home loans recommended by the Arizona Department of Housing (ADOH). How to buy a home with Zero Down Payment in Arizona - Home Loan - Sun American Mortgage. Much has been said about the importance of home.
The serenity, peace, security, and everything that comes with it. Once you reach a certain point in life you start to understand and experience the longing to have your own home. Even if it is a small place in the whole wide world, it is for you and your loved ones. Buying a home at any stage of life is a huge achievement and an equally daunting experience for everyone. It becomes more intimidating for first-time buyers as they know very little about the whole process. It Doesn’t Cost as Much as You Think. Sun American Mortgage COVID19 Announcement - Home Loan - Sun American Mortgage. This might be a red light right now but on the other side will be a green light, and we will make it to the other side even stronger and better than before.
Together, we will beat this! Read below for our action plan regarding COVID19: Business continuity is about preparedness, redundancy, flexibility and responsiveness. As we all adjust to this pandemic’s effects and how it has, or may, impact our businesses and more importantly our families and loved ones, our team is closely monitoring the news and updates by the hour. Home Buyers! Are You Leaving Real Good Deals on Table? You may be paying a high cost of buying a house because you have not researched the market well.
Ensure you carry out a thorough research on the houses available for sale, finding out what amounts the available houses go for. You will find that houses in certain areas are sold at high prices while a similar house in different locations is cheaper. Therefore, if the cheaper option satisfies your expectations, you end up saving a huge amount. Fix your Reverse Mortgage Doubts Now! A traditional mortgage lets the borrower access funds for purchasing a home while reverse mortgage works in the exact opposite way.
By taking the reverse mortgage AZ, the borrower is simply withdrawing some of their home equity and converting it into cash. However, the reverse mortgage is not available to everyone. The borrower should be aged 62 years and above. Therefore, the reverse mortgage Arizona is a good option after retirement. Consider this type of scenario…after retiring, funding daily expenses can get tough, as you may not have a regular source of income.
Renting vs. Buying a Home: Pros and Cons You Should Know. To rent or to buy is an intimidating question, and unfortunately, there is no universal answer to it.
Well, the reality is that owning a home is considered the American Dream. However, if you have bad credit or no credit, owning a home remains a fantasy, and you are left to rent. Evaluating the advantages and responsibilities that come with either option is the best approach helping you answer the question. Fix your Reverse Mortgage Doubts Now! You are likely paying recurring bills already, like rent, utilities, and subscriptions.
If you are an on-time and in-full payer, then leverage that by asking your landlord and service provider to report your payments to the three major credit bureaus. Granted, landlords and companies aren’t mandated to report your account activity, so they can refute your request. But if you were to get one or two of them to report your payments, then the impact will be significant. Remember: payment history accounts for 35% of your credit score. So, do try to get those payments reported. You are likely paying recurring bills already, like rent, utilities, and subscriptions. How to Fix Your Bad Credit in 6 Easy Steps. If a bad credit score is keeping you from applying for a conventional loan, do not lose hope!
You may qualify for a reverse mortgage in AZ, so long as you have enough equity. Seniors can apply for the reverse mortgage Arizona program and use the money to finance their retirement. This includes traveling, paying medical bills, clear outstanding home mortgages, and anything they wish to spend the money on. Best Tips on How to Break the Monthly Rent Cycle. The CARES Act Relief Bill and How it Can Help You as a Homeowner - Home Loan - Sun American Mortgage.
Here are examples of what your servicer may discuss with you as options:
Renting vs. Owning a Home in Tempe, Arizona: What's the Difference? Renting Vs. buying a home in Arizona has always been subject to debate. Are you struggling to choose between renting and buying a house in Arizona? Choosing to buy or to rent requires proper evaluation of the advantages and the disadvantages associated with either of the two. Moreover, there are similarities in terms of things to consider whether renting or choosing to buy a house. In this post, we look at some important aspects to take into account when choosing to rent or buying a house in Arizona. The Cost (Monthly Budget) The first item to come into your mind when considering your housing future relates to affordability. To determine the available budget, consider your total income.
Remember that the debt to income ratio determines whether you qualify to borrow under the Arizona home buying programs. 6 Proven techniques to save on a Home Loan in Mesa. Are you planning to buy property in Arizona? Look no further!