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Mortgage and Lending - Amerifirst Financial, Inc.
RECENT BLOG POSTS
With little other economic news, inflation concerns weighed on mortgage rates this week. Despite rising commodity prices, Fed officials appear to be in no rush to tighten monetary policy. Investors, worried about the risk of higher inflation, pushed mortgage rates a little higher. While the ECB (...
04/09/2011
Effective on all case numbers pulled on or after 04-18-2011 Loans > 15 years >95.00 LTV your annual MIP is 115bps <95.00 LTV your annual MIP is 110bps Loans < 15 years >90.00 LTV your annual MIP is 50bps <90.00 LTV your annual MIP is 25bps For more information or if you need to get pre-qualified...
04/07/2011
If the seller acquired the subject property fewer than 90 days from the date of the purchase contract, the loan is generally not eligible for mortgage insurance. However, loans can be submitted to be considered on a case-by-case basis. The appraisal will be reviewed on any property flips over 90 ...
04/06/2011
Condominium Projects are eligible for Mortgage Insurance.  Here are some of the guidelines.  Must meet Fannie Mae or Freddie Mac Guidelines No single entity may own more than 10% of the project No more than 15% of the total units in the project can be 30 or more days past due on the payment of c...
04/06/2011
Hello Everyone, I just completed my first Educate to Earn class.  It is a Continuing Education credit class for Real Estate Agents.  I received some great responses and I felt like a veteran.  I taught the HAFA class and it is filled with a lot of great information.  I am a licensed Loan Officer ...
04/02/2011
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After a busy week, the Economic Calendar will be extremely light next week. ISM Services will come out on Tuesday. The minutes from the March 17 Fed meeting will also be released on Tuesday. These detailed notes on the discussion between Fed officials provide additional insight into the reasoning...
04/01/2011
An improving economic outlook was unfavorable for mortgage rates this week. The Dow stock index reached a new high for the year, as investors shifted funds from bonds to stocks. Weaker than average demand for the 7-yr Treasury auction also helped push mortgage rates a little higher. The economic ...
04/01/2011
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The biggest economic event next week will be the important Employment report on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Early estimates are for a gain of 170K jobs in March. Before...
03/25/2011
With no major developments in Japan or the Middle East and little economic data on the schedule, mortgage markets had one of their quietest weeks of the year. The only significant market moving news was an unexpected announcement from the Treasury on Monday, which pushed mortgage rates a little h...
03/25/2011
Contact: Ryan McDonough Phone: 480-206-6821 Email: ryan@amerifirst.us Condominiums and Townhomes For Sale The Sage Scottsdale USD $519,000 Send To Subdivision The Sage Category Condo Type Condo Re-Sale Sq Footage 1775 Bedrooms 3 Bathrooms 2 Half Bathrooms 0 Lot Size 0 Short Sale No Year Built 20...
03/23/2011
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Ryan P.McDonough

Licensed Loan Officer
local_phone(480) 339-1564
smartphone(480) 206-6821
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