Mortgage Blog | Arizona Mortgage Broker

Latest Articles

How Much Can I Afford?

There’s common sense and there are lending requirements when you go to determine how much home you can afford to buy. We strongly encourage borrowers to set their own limit on a monthly payment amount before even beginning to get prequalified. By analyzing your budget, income and monthly bills, you will set your comfort zone […]

Rate Increase by Fed of 0.25%

What does Fed Rate Increase Mean for Mortgage Rates? Not much now. This week saw the first rate increase by the Federal Reserve, as they raised their key interest rate by a quarter point for the first time since 2018. The US Federal Reserve central bank sets the Fed Funds Rate, which is the rate […]

Six Things You Need to Know About New Windows

Living in warm climates, you can benefit from installing highly efficient, dual-paned new windows to keep a lot of the heat and sun out of your home. In homes 20 years and older, you may already have dual-paned windows, but they won’t measure up to today’s models. Homes that are even older can have windows […]

The Value of a Second Opinion

The value of a second opinion has a real dollar amount. This is the story of a real client’s second opinion and why it can be critical to talk to more than one lender when shopping for a mortgage. We want to start by thanking Stephanie Olson for allowing E5 Home Loans the opportunity to […]

Getting Your Offer Accepted in a Seller’s Market

It’s a seller’s market and getting your purchase offer accepted is challenging. Desirable homes in good condition can receive 10, 20, maybe more than 30 offers. One of those offers is going to win. Why not have it be yours? Here are tips on how to get your offer accepted in a seller’s market 1. […]

Clues About the Condition of the House

Things You Should Look For When Shopping For a Home Before looking at houses, decide if you’re willing to make any major repairs that might be needed, such as structural, roofing, or plumbing. Pay attention to clues on the condition of the house before even placing an offer or get an inspection done. Maintenance issues […]

The E5 Zero-Zero Offer

As you might have guessed from “Zero-Zero,” you get something for nothing. And you’re right. At E5, we believe in shopping your home loan for the best fit loan program with a great interest rate. Most important, we don’t include a bunch of crazy fees. The value of a second opinion A homebuyer recently contacted […]

The Adjustable Rate Mortgage – Don’t Fear The ARMs

The Value of ARMs Besides helping lift things, hugging and being the perfect place to attach your hands, ARMs can play another important role in your life. I’m speaking of Adjustable Rate Mortgages (ARM). These got pretty scarce after the great recession, but they are becoming more popular home loans and here’s why. Inside the […]

No Appraisal Cost Purchase Loans

That’s right, no appraisal cost on a purchase. Now through March 31, 2022, we’re offering homebuyers up to a $600 credit towards the appraisal on a primary home purchase. With E5 Home Loans, we shop to ensure buyers get the best fit loan program with a great interest rate available. And we don’t include a […]

New Conforming Loan Limits for 2022

Each year, the Federal Housing Finance Agency (FHFA) evaluates conforming loan limits and makes adjustments to account for the increase in home values. The “conforming” loan limit (CLL) is the highest loan amount for mortgages to be acquired by Fannie Mae and Freddie Mac. Simply put, this confirming loan amount keeps borrowers out of a […]