Real Estate Industry Blog » David Krushinsky

Phoenix Mortgage Refinance Relief Program for Underwater Mortgages

David Krushinsky — Thu, 01 Dec 2011 22:55:10 +0000

The much anticipated details of the new Home Affordable Refinance Program (HARP) rules have been released – NOW WHAT?? If you haven’t heard, HARP is designed to help Phoenix home owners with mortgage rates above the current market refinance that previously couldn’t because of appraised value restrictions. The old HARP program limited lenders to refinancing [...]

Phoenix Home Buyer Foundation Program

David Krushinsky — Tue, 16 Aug 2011 20:52:54 +0000

PHOENIX HOME BUYER FOUNDATION PROGRAM Helping families rebuild the foundation after suffering from a foreclosure or short sale. What is Phoenix Home Buyer Foundation Program? Phoenix Home Buyer Foundation Program was founded on the idea to assist people in purchasing a home again and help stabilize home prices in the Phoenix community at the same [...]

Will Someone Please Turn On The F@#king Radio????

David Krushinsky — Wed, 01 Jun 2011 00:12:31 +0000

As each day passes, new loan guidelines continue to prove that those setting the policies are clueless. After all, the guidelines are created to prevent lenders from extending credit to borrowers that may be susceptible to default creating a loss. Denying a loan should be for such reasons as the loan is believed to have [...]

Why A Lender Pre-Approval Could Be Worthless

David Krushinsky — Fri, 14 Jan 2011 23:41:10 +0000

I received a phone call today from a real estate broker that I have worked with over the last few years. I have some very loyal clients that I’ve done many loans for when they have purchased homes in Phoenix. These clients actually found her after I had pre-approved them. They have purchased a few [...]

FSBO Online Marketing for Phoenix Home Owners

David Krushinsky — Tue, 07 Dec 2010 23:21:48 +0000

For Sale By Owner Phoenix Real Estate For Sale By Owner or FSBO is the process of selling Phoenix real estate without the representation of a Phoenix real estate broker or Phoenix real estate agent. Phoenix home owners may employ the services of a marketing, online listing company or market their own property. When a home [...]

Got Collections?? Your Home Mortgage Application is at Risk of Being Denied

David Krushinsky — Fri, 01 Oct 2010 00:07:44 +0000

Updated Underwriting for Collections, Charge-Offs, Judgments, Garnishments and Liens Conventional, FHA and VA mortgage loans in Phoenix may soon become harder to obtain for those with a troubled credit history. Currently, a borrower with up to $5,000 in collections may still eligible to purchase a home in Phoenix, in many cases. The new guideline change could also affect current [...]

What’s the Disposition of Your Previous Mortgage? Don’t Let this Blow Your Transaction

David Krushinsky — Mon, 20 Sep 2010 17:53:15 +0000

Anyone that has successfully closed a short sale in the last few years can benefit from knowing what to expect when purchasing a home in the future. It’s very likely the borrower had to make late payments during their negotiations with the bank before their short sale closed. These late payments may no longer be [...]

The Future Compensation of Today’s Mortgage Originator

David Krushinsky — Tue, 31 Aug 2010 16:16:33 +0000

The government has finally created another great solution to stop Mortgage Loan Originators (MLO) from abusing and deceiving consumers. This new rule will likely have the same benefit to today’s consumer that HVCC and the new GFE has – more fees and higher loan costs. Is that really a benefit to consumers??? Below are the highlights on [...]

Buying Your First House in Phoenix? Five Tips To Improve Your Credit Score & Save Money

David Krushinsky — Wed, 23 Jun 2010 21:06:16 +0000

Many first time homebuyers in Phoenix have recently decided to purchase their first home only to discover that they have less than perfect credit. Don’t be discouraged. There are many ways to rehabilitate your credit. Here are a few key tips to improve your credit score in the quickest and most effective manner. •1. Review Your Credit Report For [...]