Mortgage Myth Busters by Blake Mortgage, the Best Mortgage Brokers in Arizona

Entering the housing market as a newbie can be intimidating. Even more so when you hear rumors about how “difficult” or “expensive,” it is. But don’t believe it! The best mortgage brokers in Arizona have debunked some of the most common myths related to mortgage financing:

-- You need 20% down payment
While a 20% down payment means you won’t pay private mortgage insurance (PMI), you can buy a home with much less down.

-- You won’t qualify for a home loan if you have student loans
Got student debt? So do most borrowers! Student debt and credit card debt are different “in the eyes of lenders.”

-- Avoid adjustable-rate mortgages like the plague
An ARM is a great option if you plan on refinancing or selling within 3-5 years.

-- You won’t qualify for any government home loan program
Eligibility is much easier than other loan programs and could be based on the location of the home, your income, your military status, and even your first-time homebuyer status!

Schedule your one-hour consultation in Phoenix with the best mortgage lenders by dialing 480-699-1055.

About Blake Mortgage

Blake Mortgage is a residential and commercial mortgage firm based in Scottsdale, AZ and has served the Phoenix Metropolitan market since 2002. They offer comprehensive yet customized mortgage solutions to their clients.

Their strength lies in their detailed, personalized, and client-focused approach. Additionally, their extensive network of resources provides financing solutions for their clients in the most Professional manner possible. They have longstanding relationships with an array of residential, commercial and portfolio lending institutions; this gives them the flexibility to finance even the most complicated transactions.

For more information, visit www.blakemortgage.com or call @ 480-699-1055!