Zillow Advice RSS: Question-Discussion-Guide,Pro-to-Pro,AZ http://www.zillow.com/advice/AZ/pro-to-pro/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate if yourstill living in a home that is going up for auction how long do we have to move out? http://www.zillow.com/advice-thread/if-yourstill-living-in-a-home-that-is-going-up-for-auction-how-long-do-we-have-to-move-out/350818/ If you are referring to the foreclosure auction or trustee sale you will no longer own the property after that date.&nbsp; It could be purchased by an investor or the bank that holds the mortgage.&nbsp; Ocassionally the lender or investor may be willing to let you pay rent and stay in the property but that is rare.&nbsp; In Arizona you can be evicted fairly quickly probably in a matter of weeks and if you are not out at that point they can lock you out of the property.&nbsp; It is probably best to be out by the date of the sale.&nbsp; Quite often that date can get postponed but you usually don't know that it is postponed until the date the sale is scheduled.<br \><br \>0 replies Mon, 17 Jan 2011 23:10:00 GMT http://www.zillow.com/advice-thread/if-yourstill-living-in-a-home-that-is-going-up-for-auction-how-long-do-we-have-to-move-out/350818/ 2011-01-17T23:10:00Z renters asked to be let out of lease early , then A/C went out and home foreclosed on http://www.zillow.com/advice-thread/renters-asked-to-be-let-out-of-lease-early-then-A-C-went-out-and-home-foreclosed-on/397300/ @Pasadenan, the rental agreement between the landlord and the tenant is a separate agreement than the one between the owner and his lender. &nbsp;Neither agreements are contingent upon the other, so if the owner stops paying his mortgage, it's at his own discretion, but that fact doesn't release his tenant from fulfilling the rental agreement.<br/><br/>I agree that it's best to pay your bills on time and honor your agreements, but there are many circumstances that may cause this situation.<br/><br/>If the landlord has simply decided to take advantage of the situation, then I'd say he's in the moral wrong, but we don't know.<br/><br/>If I were stuck unable to pay my mortgage, I would make provision for my tenants as well, passing the savings on to them but only as incentive for them to begin finding new housing so I could short sell the home vacant. &nbsp;It would be a reasonable trade-off.<br \><br \>0 replies Thu, 12 May 2011 23:01:00 GMT http://www.zillow.com/advice-thread/renters-asked-to-be-let-out-of-lease-early-then-A-C-went-out-and-home-foreclosed-on/397300/ 2011-05-12T23:01:00Z PNC Mortgage contact http://www.zillow.com/advice-thread/PNC-Mortgage-contact/367037/ Working on a short sale deal as a buyer's agent.&nbsp; The second lien holder is PNC mortgage.&nbsp; Just truying to help the seller's agent get this deal done.&nbsp; Anyone had any experience with them? Any helpful contacts?<br/><br/>Oh, by the way...I'm never too busy for your referrals for Scottsdale, Phoenix and Paradise Valley.<br/><br/>Dan Gonen<br/>"Working harder for you since 1993"<br/>RE/MAX Excalibur Realty<br/><a href="http://www.finelocations.com/" rel="nofollow">www.FineLocations.com</a><br \><br \>0 replies Mon, 20 Sep 2010 18:19:00 GMT http://www.zillow.com/advice-thread/PNC-Mortgage-contact/367037/ 2010-09-20T18:19:00Z Tenant credit check http://www.zillow.com/advice-thread/Tenant-credit-check/385006/ I use a mortgage company<br \><br \>0 replies Fri, 15 Jul 2011 03:36:00 GMT http://www.zillow.com/advice-thread/Tenant-credit-check/385006/ 2011-07-15T03:36:00Z i found a place the place i want do i need a credit report to get into it? http://www.zillow.com/advice-thread/i-found-a-place-the-place-i-want-do-i-need-a-credit-report-to-get-into-it/362228/ No, you do not need the credit report to get it, go to your bank or the small local mortgage offices to apply for the pre approval letter.<br \><br \>0 replies Sun, 15 Aug 2010 18:00:00 GMT http://www.zillow.com/advice-thread/i-found-a-place-the-place-i-want-do-i-need-a-credit-report-to-get-into-it/362228/ 2010-08-15T18:00:00Z If I do want to use one of your brokers, ho w do I begin the process? http://www.zillow.com/advice-thread/If-I-do-want-to-use-one-of-your-brokers-ho-w-do-I-begin-the-process/179434/ <p>Hello Sandi,</p><p>You should&nbsp;request a loan quote on Zillows Mortgage Section.&nbsp; You should get a fair amount of quotes from Brokers and Bankers.&nbsp; But keep in mind so many are out to quote the lowest <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a> (Even if it is not available) to get you to contact them... Be cautious and research them.&nbsp; Best to go with someone who has reviews and contributions.&nbsp;&nbsp; Best of Luck to you.<br/><br/>The best loan officers are always watching the proper market indicators in real-time.&nbsp; You wouldn't work with a stockbroker quoting yesterday's closing price, and you shouldn't work with a loan officer ignorant to the mortgage bond market.&nbsp; After all, mortgage bonds trade just like stocks and change minute-by-minute.</p><p>In the game of <a href="http://www.zillow.com/mortgage/">home loans</a> and high finance, those with the best information preserve the most wealth, so next time you're talking to a loan officer, just ask the simple question: "Where do <a href="http://www.zillow.com/Mortgage_Rates/">mortgage rates</a> come from?".&nbsp; If the answer is anything <em>other</em> than "mortgage-backed securities", end the relationship on the spot -- you deserve a better loan officer than that.<br/></p><br \><br \>0 replies Fri, 19 Dec 2008 19:13:00 GMT http://www.zillow.com/advice-thread/If-I-do-want-to-use-one-of-your-brokers-ho-w-do-I-begin-the-process/179434/ 2008-12-19T19:13:00Z what can I do about my interest rate?! http://www.zillow.com/advice-thread/what-can-I-do-about-my-interest-rate/256663/ Countrywide was acquired by B of A. They can't change your <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a>. Go find your original <a href="http://www.zillow.com/mortgage/">mortgage</a> note and you will see it's 5.875. A 3 and aa 8 look very similar in fine print. .... Rudi<br \><br \>0 replies Wed, 15 Jul 2009 20:43:00 GMT http://www.zillow.com/advice-thread/what-can-I-do-about-my-interest-rate/256663/ 2009-07-15T20:43:00Z Seeking 10/1 or 30 yr fixed Interest Only Mortgage http://www.zillow.com/advice-thread/Seeking-10-1-or-30-yr-fixed-Interest-Only-Mortgage/326309/ Put a request in the <a href="http://www.zillow.com/mortgage/">Mortgage</a> Market Place.<br \><br \>0 replies Fri, 19 Feb 2010 19:20:00 GMT http://www.zillow.com/advice-thread/Seeking-10-1-or-30-yr-fixed-Interest-Only-Mortgage/326309/ 2010-02-19T19:20:00Z is arizona a non-recourse loan state, or both recourse and non? http://www.zillow.com/advice-thread/is-arizona-a-non-recourse-loan-state-or-both-recourse-and-non/257252/ AZ is non recourse providing it was a purchase money mortgage. (No refi or cash out). <br/><br/>See this page: <a href="http://www.loansafe.org/forum/foreclosure-laws/4130-recourse-v-non-recourse-states.html" rel="nofollow">http://www.loansafe.org/forum/foreclosure-laws/4130-recourse-v-non-recourse-states.html</a><br \><br \>0 replies Fri, 17 Jul 2009 05:05:00 GMT http://www.zillow.com/advice-thread/is-arizona-a-non-recourse-loan-state-or-both-recourse-and-non/257252/ 2009-07-17T05:05:00Z upside down on my loan. Want to sell it and buy another one. What are my options? http://www.zillow.com/advice-thread/upside-down-on-my-loan-Want-to-sell-it-and-buy-another-one-What-are-my-options/266691/ Not unless you can afford both mortgages, which any new lender will verify via your income, DTI (debt to income ratio), credit, and other factors.<br/><br/>What you're trying to do is so common that it has a name:&nbsp; buy and bail.&nbsp; You can try to short sell your current home, but generally speaking short sales have less than a 10% close rate, so it's probably not an option.&nbsp; Your current lender would have to approve the short sale at any rate.<br/><br/>You could try to refi your current home; I believe there are new <a href="http://www.zillow.com/mortgage/">loan</a> programs out there that will allow you to refi up to 120% of the current value of your home.&nbsp; This would be a good option if you don't currently have a 30 year <a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/">fixed mortgage</a> at a low interest rate.&nbsp; You could signficantly lower your monthly payments this way.<br/><br/>However, the bottom line is that it would be very tough for you to buy another house while you still own your current house, unless your income, DTI, etc. would support both <a href="http://www.zillow.com/mortgage/">mortgages</a> at the same time.<br \><br \>0 replies Tue, 11 Aug 2009 06:07:00 GMT http://www.zillow.com/advice-thread/upside-down-on-my-loan-Want-to-sell-it-and-buy-another-one-What-are-my-options/266691/ 2009-08-11T06:07:00Z What is your business plan for 2015? http://www.zillow.com/advice-thread/What-is-your-business-plan-for-2015/571018/ One of my mortgage lenders does a Tuesday morning update call to all parties (listing agent included) in each transaction. It goes over really well. I need to implement that to all my clients- listings and purchasers.&nbsp;<br \><br \>0 replies Fri, 02 Jan 2015 20:38:00 GMT http://www.zillow.com/advice-thread/What-is-your-business-plan-for-2015/571018/ 2015-01-02T20:38:00Z Are there any lenders that offer 5% down mortgages for a property in Arizona? http://www.zillow.com/advice-thread/Are-there-any-lenders-that-offer-5-down-mortgages-for-a-property-in-Arizona/195409/ FHA would allow that as long as you would be occupying the property.<br/><br/>Conventional also could allow that, however it might not be possible to obtain <a href="http://www.zillow.com/mortgage/help/Private-Mortgage-Insurance.htm">mortgage insurance</a> on conventional with less than 10% down.<br/><br/>Any <a href="http://www.zillow.com/directory/lenders/">lender</a> that offers <a href="http://www.zillow.com/fha-loan/">FHA</a> would be able to help you.<br \><br \>0 replies Tue, 03 Feb 2009 23:30:00 GMT http://www.zillow.com/advice-thread/Are-there-any-lenders-that-offer-5-down-mortgages-for-a-property-in-Arizona/195409/ 2009-02-03T23:30:00Z