A 40-year refinance in Arizona lowers your payment roughly $150 to $350 a month, but it is Non-QM only, priced 0.50% to 1.25% above 30-year terms, and can add more than $200,000 in lifetime interest. Pillar Mortgage Group, NMLS #2700076
If your Arizona balloon payment is coming due, start the refinance 6 to 9 months early. Balloon notes rarely include a grace period, and the maturity date is a hard deadline. Here is the timeline and your real options. Pillar Mortgage Group, NMLS #2700076
Most Arizona refinances need about 12 documents: 30 days of pay stubs, two years of W2s and returns, two months of bank statements, ID, insurance, and your current mortgage statement. Full checklist inside. Pillar Mortgage Group, NMLS #2700076
Extending a rate lock on an Arizona refinance runs 0.125 to 0.375 points, about $500 to $1,500 on a $400,000 loan. Letting it expire triggers worst case pricing, which costs far more. Pillar Mortgage Group, NMLS #2700076
You can refinance an Arizona home with solar panels, but a leased system files a UCC-1 lien that your new lender needs subordinated first. Here is how the process works in Phoenix and Scottsdale and how long it takes. Pillar Mortgage Group, NMLS #2700076
A mortgage rate float down lets Arizona refinance borrowers capture a lower rate after locking, usually if market rates fall 0.25% to 0.50%. Fees run 0.25% to 1.0% of the loan. Here is when it pays. 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).