Refinance with a second job in Arizona: when part time income counts, how many years of history lenders want, how they average your pay, and a debt to income example. Pillar Mortgage Group.
Your 2-1 buydown is ending and the payment is stepping up. Should you refinance? On a $400,000 loan at a 6.75% note rate, a refinance saves just $17 a month. See the math. Pillar Mortgage Group.
A 20-year refinance on $400,000 costs about $372 more a month than a new 30-year and saves roughly $231,000 in interest. Here is the math for Scottsdale and Phoenix homeowners. Pillar Mortgage Group.
If you took a jumbo loan in Scottsdale or Phoenix since 2021, your balance may now sit under the $832,750 conforming limit. Here is when refinancing into a conforming loan pays and when it does not. Pillar Mortgage Group.
Net tangible benefit is the test a lender runs to prove a refinance actually helps you. With refinance rates near 7.4% in September 2026, more Arizona files are failing it. Here is what the test measures. Pillar Mortgage Group, NMLS #2700076
Most Arizona homeowners have no prepayment penalty, but DSCR and Non-QM investor loans often carry a 5 to 1 step down penalty for five years. Here is how to check your note before you refinance. Pillar Mortgage Group, NMLS #2700076
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).