Refinance with seasonal income in Arizona: the 2 year rule, the 24 month average, how off-season unemployment is treated, and how to verify a job that is closed for the summer. Pillar Mortgage Group.
Refinance with commission income in Arizona: how lenders average two years of variable pay, what happens when commission drops, and a worked Scottsdale example showing a 5 point swing in debt to income. Pillar Mortgage Group.
Can you refinance while on maternity or parental leave in Arizona? Yes, if the income math works. Here is how conventional underwriting counts leave pay, and when to apply. Pillar Mortgage Group.
Can you refinance in Arizona on a work visa? Often yes. See what lenders check, which documents you need, and how a non-QM loan at 8.75% can drop to 7.40% with a 17 month break-even. Pillar Mortgage Group.
Is a 10 year mortgage refinance worth it in Arizona? On $330,000 it saves about $299,000 in interest but adds $1,455 a month. See the math and the cheaper alternative. Pillar Mortgage Group.
Can you refinance a house you already moved out of in Arizona? Yes, as an investment property: higher rate, more equity, and only 75% of rent counted. See the numbers. Pillar Mortgage Group.
Straight answers on buying, refinancing, and selling a home in Scottsdale, Phoenix, and across Arizona, from Blake Hermann, Director of Lending at Pillar Mortgage Group (NMLS #2271358).