Brady Holland
Senior Mortgage Banker
V.I.P. Mortgage, Inc. 8414 N. 90th St. | Suite 102 Scottsdale, AZ 85258 RETURN SERVICE REQUESTED
85026 PERMIT 1441
Real estate financing can be a daunting task. And that is especially true in today’s world where lenders are more cautious about lending due to economic uncertainty. I understand that choosing a mortgage is one the biggest decisions that you will make. You want the best interest rate and you want the pre-approval, application, and close of escrow process to be hassle-free. I understand. I listen to your needs. And I respond quickly and deliver. Let me put my nearly two decades of residential lending experience to work for you! • The needs of every client are different. I specialize in tailoring a loan and financing strategy that will best fit the individual needs of each client. • Have you ever closed on a mortgage and later had remorse that you may have picked the wrong loan program or paid too much in fees? I offer a benefit analysis on every loan to ensure that the loan program and the associated costs are the best fit and in the best interest of the client. • I use the latest lending technology to deliver a loan credit decision in hours, not days. • Closing thousands of loans over the course of my career assures you that as an industry veteran I have the knowledge and expertise to handle every situation. • My impeccable reputation is my best asset. I always strive to exceed your expectations and earn your business for life!
Call me today!
Arizona Homeowner November | December 2011
WELCOME TO FALL We are now nearing the 4th quarter of the year. And upon reflection, our real estate market has had an extraordinary year of strong home sales. In recent years we’ve seen a glut of homes on the market that at one time was almost a two-year backlog of homes to sell. Back in those days the simple law of supply and demand told us with that much inventory that prices would have to drop steadily for those homes to be sold. And today despite the train of foreclosure and short sale properties that are still hitting the market in numbers, exceptionally high buyer activity has dropped that huge backlog of homes for sale to a two-month’s time on market. A normal home selling market takes 5-6 months for a home to sell. For Metro Phoenix to be down to a two-month timeframe signals how white hot the market is now. And since demand is so high and home supply low, we should now start seeing home values move upward. Many people ask me how can our housing market be one of the hottest in the country with a national and local economy that is struggling and so many people out of work? The answer simply is that mortgage rates are near a 40-year low. And real estate prices in our market are cheaper than they were 10 years ago in many areas. Like any great sale, when the price is right, the inventory will sell briskly. For anyone wondering “when is the best time to buy a home,” the market signals all appear to be there. We have mortgage rates at a historic low with nowhere to go but up. And we have home prices that after four plus years of decline have showed signs of stabilization that are setting up for a price bounce upward. On the mortgage side of things, it’s a great time to refinance. We still have programs to help people refinance who are upside-down on their homes. And if you own a home and want to buy a new one at today’s remarkable prices, we also have some programs to help people do that prior to selling the old home (with qualifying). Please feel free to call me today to discuss your refinance and home buying options.
Don’t Miss The Party
MORTGAGE RATES Brady Holland
Senior Mortgage Banker NMLS 180079
Office: 480.278.8993 Cell: 480.272.3282 E-Fax: 480.223.4290 BHolland@VIPMtgInc.com
As of 8/26/11
Loan Rates for $150K-$417K: • 30-Year Fixed: 4.375%/4.484% APR • 15-Year Fixed: 3.625%/3.807% APR • 5/1 ARM: 3.625%/3.727% APR
Loan Rates for $418K-$1.5M: • 30-Year Fixed: 5.000%/5.055% APR • 5/1 ARM: 4.375%/3.535% APR • 7/1 ARM: 5.000%/4.008% APR
*Note: All rate quotes offered at 0% points for primary home purchase or no cash-out refinance financing with 720+ FICO score. Loans under $417K are quoted based on 20% equity while loans over $417K require 20%-30% equity. Other financing options are available upon request. NMLS 145502 AZ BK#0909074
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
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