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Why You Should Choose Us
It’s always nice to have something to be excited about – and buying a home is one of those experiences. You’ve done your research, selected a place and now you’re ready to secure your dream property. Or, maybe you’ve decided it’s time to refinance the loan on an existing space, and you’re ready to move…
How to Track Market Changes
When you begin the process of purchasing your first home, there are many things you need to consider. One of the most important factors to straighten out is mortgage price points and what you can afford. Market fluctuations happen, and you want to ensure that you’re in the best position to buy or refinance. If…
What Type of Mortgage Should I Get?
It’s the question that every potential homebuyer has to ask themselves: which type of mortgage loan should I choose? With such a variety of loan options available, we’d like to take a few minutes to detail four of the most common types provided by Minute Mortgage so you can make the best and most informed…
What Exactly is Refinancing?
We bet you’ve heard of refinancing, but have you ever looked into what the process entails? You can actually refi your home, your car, or just about any other debt you might have. It’s important to understand the refinancing process and evaluate if it’s right for you. Refinancing for the right reasons at the right…
What to Look for When Choosing a Mortgage Company
When utilizing any business, it’s important to select a vetted and trusted provider. This way you avoid unnecessary hassle, inconvenience, and costs – and instead, get what you’re looking for. When it pertains to acquiring a mortgage, quality and reliability are even more crucial. Whether you’re at the start of the process or needing to…
Common Reasons You Can Be Denied for a Loan
When you’re applying for a home, there are several steps to take to secure a loan. If you follow common protocol it is likely that you will be approved and move onto the next step. But, there are other issues that can potentially derail the process and result in a denial. Here are things to…
How Interest Rates Work
The day has finally arrived: you’ve searched for your dream home and it’s time to make one of life’s biggest purchases! There is quite a lot of terminology floating around and one phrase you may hear often is ‘interest rate’. This is a crucial aspect of the mortgage process and it is best that you…
How Debt Can Impact Home Buying
Buying a house is exciting – you envision all the projects and renovations that you want to do – and of course, all of the great memories that will be created. But, we all know that there is a lot that goes into making that happen. One thing to be mindful of is debt –…
This Just In: New FHA & Conventional Loan Increases for 2021!
It’s a new year — which means a lot of exciting things to anticipate and goals to accomplish. If one of your visions is to buy your first home, you’re probably looking into the process and details. There are a few things to consider when making this purchase, especially financial strategies and requirements. Luckily, a…
Home Away From Home: Tips for Buying a Vacation Property
You love your home and the surrounding city but sometimes it’s nice to get away. Especially with the seasons changing – depending on where you live you may be seeking tropical climates or conversely – a winter wonderland. Short weekend trips or a week out of town is exciting, but if you’re looking for a…
Discount Points
Discount points are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called “buying down the rate,” which can lower your monthly mortgage payments.
One point costs 1 percent of your mortgage amount (or $1,000 for every $100,000). Essentially, you pay some interest up front in exchange for a lower interest rate over the life of your loan.
In general, the longer you plan to own the home, the more points help you save on interest over the life of the loan.
General Assumptions and Disclosures
The example payments do not include taxes, insurance or assessments. Mortgage Insurance Premium (MIP) is required for all FHA loans and Private Mortgage Insurance (PMI) is required for all conventional loans where the loan amount exceeds 80% of the subject property value (LTV).
Mortgage interest rates shown are based on a 30 day rate lock period. All loan products and pricing assume the property type is single family and will be used as your primary residence. All loan products and pricing are based on the location of Maricopa County, AZ.
The Annual Percentage Rate (APR) is a measure the total cost to borrow money as an annual percentage. The APR includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination fees). The APR can be a useful method to compare the costs of similar loans between lenders.
The rate, terms and estimated closing costs above do not constitute a Loan Estimate. The Loan Estimate is prepared based on your specific information provided that you will receive once you apply for a loan. The rate, terms and estimated closing costs, are estimations based on the assumptions noted above. This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary, and may include city, county or other additional fees and costs.
The displayed interest rates and APRs are based upon a variety of assumptions and conditions which include an assumption for consumer credit profile. Your actual credit score may be higher or lower than the assumption shown. Your loan's interest rate will depend upon the specific characteristics of your loan transaction.
Minute Mortgage is located at 8388 E Hartford Dr, suite 111, Scottsdale, AZ 85255 NMLS 1696333. 1-602-443-5000. Copyright 2019. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Click Here for Licensing Information.
Minute Mortage is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA)
