2012 Best Mortgage Options

As we embark into another year, Most of us are always wondering about which mortgage options are available and what kind of rates and fees are tied to those specific products.  So let me share what I think will be the best mortgage options for 2012.     Best Refinance Mortgage Options: Rate/Term Refinance: This [...]

MetLife Pulling out of the Mortgage Business

    I was watching Fox Business News yesterday and confirmed it that MetLife is pulling out of the mortgage business.  MetLife entered the market back in June 2008 when it bought a bunch of divisions of First Horizon Corp.  They are now exiting out of this market 3 and 1/2 years later.  This is [...]

The Ins and Outs of Understanding “the basics” of a Reverse Mortgage

In the last 60 days I’ve had 2 clients call me about looking into a reverse mortgage. I am not sure if I even shared with most that I actually DO offer this product and service. First of all the Reverse Mortgage is NOT your traditional type of mortgage product. It does not follow the [...]

Coming Soon: Refinance Option for Underwater Homeowners

I am not the first to report this good news, but felt it was worth sharing.  The Obama Administration announced on October 24, 2011 details of expanding a government sponsored refinance program to help more underwater homeowners refinance to reduce their payments. Many clients of mine wanted to refinance in the past, but due to [...]

Scariest Home Mortgage Concerns

    As we enter the month of October, and Halloween draws near, we wonder if a goblin, ghost or something scary is about to pop out at us. Many clients feel this same way with their home mortgage these days.  Some of my clients are not even aware of what type of mortgage product [...]

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Hiding material information about a borrower for a loan decision is Mortgage FRAUD!

Hiding material information about a borrower for a loan decision is Mortgage FRAUD!

I had a real estate agent call me the other day that I did not know.  She was calling around looking for a lender to place a loan for her borrower.  She specifically asked me if my company can offer her client a Fannie Mae HomePath loan. I told her yes, got out my yellow [...]

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Arizona Mortgage Revenue Bond Revisited Again

Arizona Mortgage Revenue Bond Revisited Again

The Arizona Housing Financing Authority is back at it again implementing new first-time home buyer programs to assist with the finance arm of a first home purchase. Based on the right situation, the Arizona Mortgage Revenue Bond, can be a great niche product to help with that certain homeowners who is needing some financial help [...]

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$100.00 Down HUD Deal Cancelled

Back in August 2008 I wrote a post (And You Really Thought You Can’t Get a Home with $100.00) about FHA HUD homes having a special deal on certain properties that allowed only $100.00 down.  Well Folks FHA and HUD have decided to cancel this program for the time being. The marketing company for Hud [...]

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Review your “ARM”

Review your “ARM”

I know so many people that still do not realize that their ARM (adjustable rate mortgage) might not be broken.  I wrote about this way back in March 2008. Is your ARM (Adjustable Rate Mortgage) Really Broken? Most homeowners always assume that if they have an adjustable rate mortgage that their payment and interest rate [...]

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Low Mortgage Interest Rates Create More Incentive Than First Time Homebuyer Tax Credit

Low Mortgage Interest Rates Create More Incentive Than First Time Homebuyer Tax Credit

With interest rates dipping as low as 4.25% to 4.75% on a 30 year fixed, the tax credit gone should not make much of a difference in the minds of home-buyers. However, that has not been the case.  So far the mortgage application volumes since the tax credit ending has been very low.  Most borrowers [...]

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Gary Miljour
Mortgage Consultant
MyCityLender
2350 E. Germann Road, Suite 34
Chandler, AZ 85286

Office: 480-945-4545
Mobile: 480.251.0002
Fax: 480-945-4546

MyCityLender | NMLS ID: 207208 | ARIZONA MB-0910380

Gary Miljour, Licensed Loan Originator NMLS#207208

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