Nick Porter's (nporter) Blog

The House has flipped and agreed to increase the loan limits for Fannie and Freddie. The increase is to be temporary until the end of the year and got traction because the jumbo loan market continues to be soft with rates for jumbos 50 to 75 basis points higher than conforming limits. As it is be...

Despite all of the recent well reported real estate related woes, I have great news for everybody.  RATES ARE DOWN!  And truth be told, rates are actually way down.  Rates are currently better than anything we have seen in the last 3 years, and by the time you read this, they could be at an all t...

Law Enforcement 1st is now providing more services and discounts through business partnerships.  I recently teamed up with Jessica Lucas from Hester, Heitel & Associates.  She is a top notch insurance agent who has been working with Phoenix Law Enforcement Association for over a year now.  We hav...

I believe these Officers need a trusted adviser in the Real Estate and Mortgage Industry.  Who looks after their best interests?  I have listed below what PLEA offers it's Phoenix Law Enforcement Personnel.  These services are so important to support our Law Enforcement Community and is why I wan...

This is one detail that many Police Officers forget to complete when purchasing a new home.  In this line of work you don't want your address or phone number listed in the public directory or on public records.  Given their profession, many Police Officers are too busy to seek out the forms or do...

Historically Police Officers looking for 100% financing have had to pay higher interest rates and have squeaky-clean credit histories.  The first programs that rolled out required $500 down and we now have these no money down loans with $0 due at closing.  It makes sense to provide these workers ...

7. CLOSE on the propertyClosing takes place at a title/escrow company.  As we discussed in step 6 - Loan Analysis, you will need to know how much money to bring to the closing table. There are a lot of documents, take the time to make sure you know what you are signing.  If you don't know what a ...

4. CONTRACTWhen in doubt, tie up the property by getting the property 'under contract' and just ensure that your escape clauses are in place.  Earnest money...it is important to know 'how much' earnest you need to put down.  Truth is, all that you need to put down is $1 to $100, whatever amount i...

1. Build your TEAMIf there was one thing that will make a difference between a good experience/deal or a bad experience/deal...it is your team.  Your team could consist of a Real Estate Agent, Mortgage Broker, Title/Escrow Agent, Insurance agent, Home Inspector, General Contractor, Real Estate At...