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Spencer Anglin- RPM Mortgage
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Clients were originally working with a large bank, but after receiving an approval on their 15% down $1.4m home, the lender declined their loan. They had removed all contingencies, making them at risk of losing their deposit, but fortunately there was a backup offer and they were able to get out of the deal unscathed. They came to us for help and we suggested an equity sharing program that gave them 2 advantages: it increased their buying power up to $1.6m and decreased the amount they'd need to put down to 10%. Because this program offered the benefits of a 20% down payment, they could purchase a much nicer home, preserve their cash and keep their new monthly payment within their budget.
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From housing inventory to price appreciation to generational and regional shifts, these are the top trends that will shape, and reshape, real estate markets in 2018. These are the real estate trends that will define 2018. www.LoanProAZ.com

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For the second year in a row, the FHFA is increasing the conforming loan limits for Fannie and Freddie in 2018! With rising home prices this can increase buying power for potential homeowners. What this could mean for you?
www.LoanProAZ.com

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How do you know if your potential dream home might be a money pit? @nytimes lists the red flags to watch out for!

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Thank you to all of my clients and colleagues for helping me to achieve this honor!
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Previous clients referred their mom to us after she received a 60 day notice that her rent would be doubling. When we met with their mom, she said other lenders declined her because she was on a fixed social security income and had inherited thousands in debt from her late husband. We outlined a solution to pay off her debts with some proceeds from her investment accounts. The monthly interest on credit cards far exceeded investment returns, so this solution helped her save more and allowed her to qualify for a mortgage. Soon after, she found a condo and 30 days later she had a home to call her own with a 30-year fixed loan with total monthly costs drastically below her rent increase.
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Struggling to find a home in a competitive market, first time homebuyers came to us to get pre-approved. With limited inventory available, we told them a way to make their offer stand out was for us to approve their loan up front before their next offer. Because they were looking at the mid-600k range and wanted a specific style home, it took a few months to find the right property. But by having their loan underwritten in advance, it put them in a position to buy once they found a home. We educated them every step of the way to make them comfortable navigating their first home purchase, and once the right home came up, they won the offer easily and became new homeowners within 25 days!
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Now is the time to get things in order if you plan on buying a home in 2018. Contact me today to get preapproved!

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To keep your house in tiptop condition, consider making these updates every 10 years or so! www.LoanProAZ.com

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Today we honor the brave men and women who have served our country. #VeteransDay
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