2011 Best Mortgage Options

As we embark into another year, Most of us are always wondering about which mortgage options are available and what kind of rates and fees are tied to those specific products. So let me share what I think will be the best mortgage options for 2011.







Best Refinance Mortgage Options:

This year refinances will NOT be driven by rates. Here are some of the options that will come up this year.

Cash-Out Refinance:

Yes for you lucky ones that have equity in your home, this option will be available, understand the rates are a little higher than 2010, but not bad by any standards.

Adjustable Rate Mortgage (ARM) conversion:

Some of you will be having your adjustable rate mortgages reset this year. The rate could go up or down but knowing your best option of either staying the course with will be important to know. I can always do a mortgage review and help you determine if a refinance option into a fixed option makes sense for you.

Term Limit Mortgage Conversion:

30 to 15 year conversion: This is a great option to get that mortgage paid down.
15 to 30 year conversion: This can be a great option to help with having more cash back in your pocket.


Best Purchase Options:

Right now home prices in Arizona are at record all time lows, so the timing could not be any better to buy some property. Here will be the hottest options for 2011.

Primary Home Mortgage Option:

If you are a first time home buyer or want to convert your current home into a rental and buy a bigger home now is the time. Rates are still very attractive.

2nd Home Mortgage Option:

Arizona is a great place to own a 2nd home, we have excellent retirement communities for 2nd homes and great vacation homes in the mountains. Rates are excellent and so are prices.

Investment Home Mortgage Option:

This one is got to be one of the best for investors. Not only is our inventory of rental units affordable but our 2010 census report showed a huge growth in population statistics in the last 10 years. Sharpen those pencils and lets make the math work out.


The Mortgage Option of the Future:

Green Home Mortgage Option:

Did you know that the Federal Housing Administration has a special program for buying green homes or converting a current home into a green home. We have an Energy Efficient Mortgage. Not only will it save you lots of money on long term utility costs but will be great for our carbon footprint.

As your 2011 year comes together, as always, I hope you think of me for your next mortgage, where I stand behind my advice, products and services.






"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.", Chinese proverb