Our Blog

As 2024 unfolds, the trajectory of interest rates has become increasingly uncertain, driven primarily by evolving inflation data, particularly the Core Personal Consumption Expenditures (PCE) Price Index. This index, a key metric favored by the Federal Reserve for tracking inflation, has recently sparked significant shifts in market expectations and policy considerations. At its core, interest […]

In the fast-paced world of real estate, timing can often feel like everything. As prospective homebuyers, you might find yourself asking, “Should I wait for mortgage rates to come down before making a move?” At AZ Mortgage, we understand the importance of staying informed and making strategic decisions when it comes to purchasing a home. […]

Arizona Governor Katie Hobbs and the Arizona Department of Housing (ADOH) announced this week the rollout of a new $13 million housing program called ‘Arizona is Home’ to increase homeownership across the state. The program consists of enhanced down payment assistance and mortgage interest rate relief, qualifying low-to-moderate income first-time homebuyers. It is expected to […]

As we approach the final day to submit taxes it is important to discuss the many advantages of homeownership. No need to scramble, there’s a silver lining-your mortgage can be a powerful ally in easing the tax burden. Here’s how:  Homeownership isn’t just about owning a home-it’s about leveraging valuable financial benefits, especially during tax […]

Rates are still high and the idea of raising your interest rate on what you already owe to get cash out isn’t very appealing. With that in mind, Home Equity Line of Credit (HELOC) is a versatile financial tool that can empower homeowners leverage the equity in their homes for various purposes. At AZM, we understand […]

The housing market continues to evolve and recent insights from Fannie Mae shed light on a potential shift. In its latest report, Fannie Mae anticipates a “thaw” in the housing market, offering hope for both buyers and sellers alike. So how does this impact prospective homebuyers?   Fannie Mae’s forecast suggests a gradual easing of […]

Remember watching HGTV and feeling excitement to see the before and after of the home renovation process? While purchasing a home in need of a little TLC can be appealing, it is essential to weigh the pros and cons carefully. Have you been wondering if a fixer upper is right for you? Let’s start with […]

For those who have served our country in the military, VA loans offer a pathway to homeownership with unparalleled advantages. VA loans can open doors for veterans and active-duty service members alike. Funding fee exemptions and adaptations are also available through this loan, making homes more accessible to veterans. The power of VA loans starts […]

As millennials navigate their financial journey, many are seeking innovative ways to build wealth, generate passive income, and secure their financial future. One often-overlooked strategy with significant potential is investing in rental properties. Why should millennials consider investing in rental properties and how can it create lucrative long-term investment strategy? Diversification in investment portfolios are […]

While many may associate refinancing with younger generations, baby boomers can also benefit significantly from this financial strategy. With retirement on the horizon and changing financial priorities, boomers can leverage refinancing to optimize their financial situation, reduce expenses, and secure their retirement dreams. In this blog post, we’ll explore the compelling reasons why boomers should […]

Securing a loan is often a significant milestone in achieving personal or professional goals.  Whether it’s purchasing a home, starting a business, or funding an education… the process of obtaining a loan can be complex and even daunting. While conventional banks have been the go-to-option for borrowing money, there’s a growing trend towards working with […]

What Happens During the Underwriting Process?  The process of buying a home involves several key stages, and one of the most critical steps is underwriting. During underwriting, a lender thoroughly assesses your financial situation and the property you intend to purchase to determine whether you qualify for a mortgage. In this blog post, we’ll explore […]

A Valuable Perk for Homeowners Owning a home is a significant milestone for many, not only because it provides a sense of stability and security but also because it comes with certain financial advantages, including tax benefits. In this blog, we’ll explore the tax benefits of owning a home and how they can positively impact […]

What Are Seller Concessions? Understanding a Valuable Homebuying Tool When you’re in the market to purchase a new home, you’ll encounter a variety of terms and concepts related to the homebuying process. One such term that often arises is “seller concessions.” But what are seller concessions, and how can they benefit homebuyers and sellers? In […]

What Is A Non-QM Loan? When it comes to mortgage loans, most people are familiar with traditional options such as conventional, FHA, and VA loans. However, there’s a less-known category of mortgage products known as Non-QM loans. In this blog post, we’ll explore what Non-QM loans are, who they’re designed for, and their key features. […]

What’s Needed for a Pre-Approval, and How Long Does a Pre-Approval Last? Becoming a homeowner is an exciting journey, but before you start shopping for your dream home, it’s essential to get your financial ducks in a row. One crucial step in this process is obtaining a mortgage pre-approval. In this blog, we’ll explore what’s […]