Mortgage wire fraud in Arizona: how closing scams work, the one phone call that stops them, and what to do in the first hour if you already sent money. Built for Phoenix and Scottsdale buyers. Pillar Mortgage Group.
Closing Disclosure 3 day rule in Arizona: when the clock starts, which fees can change after your Loan Estimate, what restarts the wait, and what to check before you sign. Includes a Scottsdale example. Pillar Mortgage Group.
Refinance closing costs do not shrink with your loan. On $150,000 at 8.25%, break even is about 38 months. See the numbers for Scottsdale and Phoenix homeowners. Pillar Mortgage Group.
Two Arizona lenders can quote the same 7% rate and still be thousands apart in cost. Here is how to read pages 1, 2, and 3 of a Loan Estimate and pick the cheaper loan. Pillar Mortgage Group, NMLS #2700076
A lender credit is money your lender applies to closing costs in exchange for a slightly higher rate. With 30 year rates near 7%, it can cover $8,000 or more for Phoenix buyers. Here is the real math. 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).