FREE CONTINUING EDUCATION CLASSES FOR ARIZONA REALTORS
You are invited to attend the continuing education seminar " Answers To Tough Questions About Credit In Today's Market" on Wednesday, October 28th from 9:00 am - 12:00pm. This event is FREE and provides (3) three Accredited General Hours towards your continuing education requirements.
David Krushinsky, a Certified Mortgage Planning Specialist, will address those tough questions regarding your clients credit in today's real estate industry. The following are a few key topics that will be discussed:
-Is it better for your client to file bankruptcy or to foreclose?
-What is a short sale and how can it affect your clients credit?
-What about a Deed-In-Lieu of Foreclosre?
-Foreclosure vs. Short Sale
-What should my clients do???
-Many more items to cover!!!
Don't miss out on this opportunity to learn about new and changing information and get your questions answered by a mortgage professional.
The Seminar will be held at the Foothills Recreation & Aquatic Center 5600 West Union Hills Drive, Glendale, AZ 85308 on Wednesday, October 28th from 9:00am - 12:00pm.
Please RSVP to reserve your seat. For any questions or to RSVP, please contact David Krushinsky at 623-594-7600 or email david.krushinsky@wjbradley.com
Hope to see you there!
Accredited by C. David McVay School - 3412 E. Dunlap Ave., Phoenix, AZ 85028
602-749-2098 Email: dmcvay@cdavidmcvayschool.com ; www.cdavidmcvayschool.com
How do you purchase a home in Arizona using the Your Way Home Arizona loan program?
You are invited to attend the seminar explaining the "Your Way Home Arizona" on Monday, October 5th
from 9:30 am - 12:30 pm.
Reginald Givens from the Arizona Department of Housing will be presenting on the Your Way Home Arizona program. This is a great opportunity if you, your business partners or clients want to learn more about the Your Way Home Arizona Program.
Don't miss out on this opportunity to learn about new and changing information and get your questions answered.
The seminar will be held at the W.J. Bradley Mortgage Branch conference room located on 9237 East Via de Ventura, Scottsdale, AZ 85258.
Please RSVP no later than September 30th to reserve your seat. For any questions or to RSVP, please contact David Krushinsky at 623-594-7600 or email david.krushinsky@wjbraldey.com
* Breakfast will be provided.
USDA Home Loans
Are you interested in purchasing a home in Arizona but don't have the available resources for a down payment? Look no further than the U.S. Department of Agriculture (USDA) Home Loan. The USDA has a guaranteed home loan program available to help individuals and families purchase a home in Arizona located in certain qualified rural areas.
How do you qualify for a USDA loan? As with most mortgage loans, you must demonstrate your ability and willingness to repay the loan in monthly installments. Your credit history and other monthly obligations will be analyzed to determine if you have the reasonable ability to meet repayment obligations on your current debts and the new mortgage payment. Additionally, you must show that you have steady and sufficient income that is enough to meet mortgage payments, as well as discretionary income remaining each month.
Credit Eligibility
If you know you have made all past credit payments on time and have a good credit history, you are in good standing and should be a good candidate for a USDA home loan. But even if you have some "spotty" or derogatory credit, you may still be eligible for a loan. USDA mortgage guarantee home loans do not have a minimum credit score but most banks have an overlay of a 620 FICO requirement.
The mortgage loan underwriter wants to know that you are willing to repay the loan. If your credit history shows late payments or even previous bankruptcy, you can still repair your credit report. It may take some effort but don't get discouraged. Your first step is to find out what your credit rating is.
Most late payments should usually be at least one year in the past, and your current history must show that you have met your credit obligations on-time and diligently for at least 12 months. If you have filed for previous bankruptcy, the discharge date will usually need to be at least two years ago. Since the bankruptcy, you must show that you re-established credit and have been diligent with credit and debt payments.
Income Eligibility
The USDA home loan guarantee program is designed to help low to moderate income families. There are income restrictions depending on the area you wish to purchase a home. Your loan underwriter will look at your gross income, income from any co-applicants, as well as any other adults who plan to live in the household. If your income exceeds the maximum limit, you may still receive certain adjustments to your gross income that will help you qualify.
In order to give a loan underwriter a clear picture of your income, you will need to submit copies of at least two years of W-2 or 1099 tax filings. If you are self-employed, two years of full tax returns may be necessary to determine a good average income. If you currently work for an employer, you should provide copies of at least one months of pay stubs. You may also click here for a checklist of items you may need for the processing of your home loan.
SOME Eligible Areas in Arizona:
Metro Areas:
County Areas:
You can click here to determine if the property your purchasing could be financed with this program.
Before you begin the search for the home of your dreams contact the David Krushinsky Team at 602-695-7575 or david.krushinsky@wjbradley.com to see if you qualify for the USDA 100% financing home loan in Arizona.
* Because of the complexity with financing homes with swimming pools under the USDA home loan guidelines, we recommend that you avoid submitting offers on homes with swimming pools.
If you're like 8 out of 10 homeowners in Arizona that owe more than their house is worth but could benefit from refinancing your home mortgage to a lower rate then continue reading. The first step would be to determine who actually owns your home loan. Chances are pretty good that the mortgage servicer, the bank that sends you the payment statement, and the actual "owner" of the mortgage are two different parties. So how do you determine who owns your loan(s)? Click here to determine if Fannie Mae or Freddie Mac own your loan(s).
Is your home loan owned by Fannie Mae?
If so, Fannie Mae now offers the Desktop Underwriter (DU) Refi Plus Program. This home mortgage refinancing program will prevent unnecessary foreclosures by lowering monthly mortgage payments for millions of eligible homeowners.
What This Means For You...
Through refinancing, borrowers like you can take advantage of today's low rates and reduce their monthly payment. This will help monthly cash flow for millions of families across the nation.
Another goal of the DU Refi Plus Program is to help homeowners who live paycheck-to-paycheck, stabilize their finances. This means that Fannie Mae and other lenders will now turn riskier loans, such as Adjustable-Rate Mortgages (ARM), into more stable loans, such as Fixed-Rate Mortgages (FRM).
Easier to Qualify Than Before...
The purpose of the DU Refi Plus Program is to help the economic burden that many of us face today. One way to help with this is to offer assistance to homeowners who were previously ineligible. Under the new DU Refi Plus Program, Fannie Mae reduces eligibility restrictions and requires less documentation.
DU Refi Plus Terms and Conditions
Though Fannie Mae will now help more homeowners than ever before with DU Refi Plus, there are still certain restrictions that will apply.
Ineligible new loan products for the DU Refi Plus Program are:
You may also be ineligible to participate in the DU Refi Plus program if you made a payment more than 30-days late within the past year.
If you have any questions about how to reduce your monthly mortgage payment, contact The David Krushinsky Team today at 602-695-7575 or david.krushinsky@wjbradley.com.
All good things must come to an end and the $8,000 tax credit for Phoenix first time home buyers is no exception. The $8,000 tax credit program expires on November 30, 2009. This means you must CLOSE ESCROW on your new home purchase no later than November 30th, 2009.
The $8,000 tax credit does NOT need to be paid back and you do not need to wait until 2010 to claim the credit. One can claim it on their 2008 taxes by filing an amended return after you close on your home. Taxpayers can file Form 5405, First Time Homebuyer Credit, electronically for home purchases in 2008 to claim the first-time homebuyer credit. The IRS began processing these returns electronically on March 30, 2009.
If you are thinking to yourself, "November 30, 2009 is a long ways off". Well it's NOT - just 77 days away so you need to take the following into account:
So, if you take the 2 months of searching and add another 30 days for the mortgage, you can easily see that you need to begin NOW!
For a list of Frequently Asked Questions (FAQ's) visit www.dkhomeloans.com under "Current Home Mortgage Incentives". Before you begin your home search please contactThe Krushinsky Teamat 602-695-7575 or david.krushinsky@wjbradley.com to get pre-approved.
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David Krushinsky - Credited with helping more than 800 families finance their home to date, Mortgage Consultant David Krushinsky of Scottsdale-based State Mortgage is passionate about his profession. Guided by a personal mission to teach, inspire and lead his clients, he takes an all-encompassing approach to the loan process and devises a financing strategy to work with each client's short- and long-term financial goals.
While attending college in the 90's, Krushinsky worked in the construction industry. Once building homes for buyers of varied financial backgrounds, he now walks clients through the arduous mortgage loan process and helps fulfill dreams of homeownership.
Krushinsky joined State Mortgage in 2002 and has steadily earned recognition for his stellar work performance including two awards for Employee of the Month. Additionally, he has been recognized for successfully closing the most loans in a month on numerous occasions, and has been ranked in the company's internal top ten performance list since joining the firm. With more than $100 million in mortgages under management, Krushinsky ended 2006 as State Mortgage's number one loan officer. David also recently obtained the highly sought after designation of Certified Mortgage Planning Specialist. The CMPS designation is held by less than 1% of the country's mortgage professionals.
The same deep-rooted interest in financial markets that led to Krushinsky's career as a loan officer also led him seek out additional knowledge and training to share with his clients. Along with his colleague Jim Barnett, Krushinsky lectures on the subject of mortgage planning and payment options to suit an array of financial needs and ultimately teach others to build wealth through home equity.
From September 2005 through June 2006, the duo maintained a weekly talk radio program on KFNX - 1100 AM during which they offered loan advice and discussed Arizona's ever-changing mortgage industry. Beginning in October 2006, the two kicked off a seminar series focused on teaching homeowners how to build wealth through equity.
An Arizona native, Krushinsky resides in Glendale with his wife, Kristen, and 9-year-old daughter, Kelli.
The Seminar Series is presented by David Krushinsky as an ongoing series of educational seminars designed to cover multiple topics that homeowners are faced with. He also teaches and inspires new strategies on how to become an affluent homeowner by managing your mortgage as a financial tool to open up possibilities of wealth creation.
If everything you thought about your home equity turned out not to be true... when would you want to know? Ask yourself that question and come find out the real answers at our next Equity Mastery Seminar.
David also instructs classes which are Accredited Continuing Education seminars, designed to educate Realtors. These classes educate on the current facts their clients face when purchasing their home.
Listen to what our recent seminar attendees had to say!
David & Jim: I just wanted to say thank you for the fantastic seminar you conducted last night. It was incredibly informative and eye-opening. I am definitely Brother A, but see that I should probably look at becoming more like Brother B. I appreciated the handouts very much as well, as they allow me to review everything and have a greater opportunity for everything to sink in. I'm not the best at financial matters (beyond a balanced checkbook and great credit), so it usually takes a few runs for concepts to stick. :)
I hope you do another one, so I can recommend it to my friends.
Thanks again and great job! - Angela Stone
"The Ramsey Team does a high volume of business and I work with approximately 10 lenders a month. I could not let this transaction close without sharing with you how impressed I was with your team. They were clear about your procedures, professional yet friendly and the communication and updates were outstanding. We currently work and refer our clients to a couple of lenders, but would be proud to add you to our preferred lender list." - Denise Ransom, Realtor/Transaction Coordinator, The Ramsey Team
"We have only had one other great experience like this one; the last time we used State Mortgage." - Matthew & Suzette Prante
"Dave - Thanks to you and State Mortgage for helping my parents get their dream house" - Billy Boat 1998 Indy 500 Pole Winner
I am a much stronger investor because of the home purchase experience I had with State Mortgage. In particular, David Krushinsky provided me with the knowledge I needed to select the best possible combination of mortgage loans that ultimately will get me closer to my financial goals. He was steadfast with his support and very knowledgeable about the business. His guidance and expertise were all I needed to come out of this experience with pride and confidence. Thanks State Mortgage and thanks David Krushinsky and his staff. All the best..
Teresa Tison
"A GREAT BIG THANK YOU! For helping make the Hacienda Drive transaction a smooth and successful one. Your cooperation, communication, and professionalism were outstanding. I am certain we will be working together again in the future and look forward to it." - Susy Larkins; Ken Meade Realty
I wanted to say Thank you for all your help during our home purchase. You guys have great customer service, we were never left in the dark. You provided direct straight forward information. Whenever we had a question we quickly got an answer which helped minimize our stress throughout the process. I really appreciate your availability whenever we would call. I will recommend you to everybody I know who is in the market for a new home. - Jeremy Zimmerman
"I just wanted to take a moment to let you know how thankful we are for all you have done. Buying a new home is stressful and you made it a lot easier. We will let everyone know you're the person to go to." - Rachael & Greg Brooks
Dave was very helpful on the front end in determining what mortgage options were available and informing us about the pros and cons to each. Both my agent and the seller's agent made a comment about how unusual it was to work with a loan officer that kept them so well informed at each step of the process. At the end when there were several challenges at the Title Company that may have prevented our transaction from closing on time, Dave met us at the signing and then physically delivered the documents to the lenders office in order to make sure there were no delays.
Julie was also extremely professional and knowledgeable on several items that I contacted about.
Thanks again, we will definitely be contacting Dave with all of our future mortgage needs." - Scott Leech
"My experience with State Mortgage has always been positive and I do appreciate your feedback during this loan. Rest assured if the opportunity comes up I will refer your services." - Bill Heady; Prudential Arizona Properties
"Thank you for such a smooth transaction with Toshiko Tolar! I look forward to many more deals with you! I also anticipate years of friendship!" - Mike Foulds; Re/Max Professionals
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