Tom and Eddie Knoell discuss how past due or delinquent accounts can quickly be turned over to a collections department or agency that will then become responsible for collecting the debt. Debt collectors can be intimidating to consumers, especially when their attempts to collect a debt lead to daily calls, emails, letters, and text messages. The idea of facing off with debt collectors can be overwhelming, but knowing what mistakes to avoid when dealing with debt collectors can be beneficial to consumers.

This week, my brother Tom and I discuss "How High will your Lender allow your Insurance Deductible to be? $1,000? How about $5,000? Maybe $10,000?" As many of you know the higher your deductible, the lower your premium. If you are intrigued about the idea of having really low premiums and a high deductible, watch this episode...banks don't let borrower go above a certain amount. Listen to our podcast to get the quick details and be sure to share this episode

Customers will say "I pay my credit cards off every month" but when we pull their credit report, we'll see large balances reported on their credit report and their credit scores will be lower than they thought. We discuss why that happens and the trick to avoid the bureaus reporting a high balance on your credit cards.

This week, Tom and Eddie Knoell discuss "How to refinance student loans into a Mortgage without it being considered a cashout refinance'. Did you know that if you take cashout of a your home in a refinance, the interest rate is higher? There is an exception with student loans, but there are some details you need to know. 

The VA department has made some exciting changes effective January 1st 2020. There will be no VA loan limits for borrowers who purchase a home, subject to them having no outstanding used entitlement. What an incredible opportunity this is for borrowers who are looking for larger home values!

If you are getting a conventional loan on a refinance or purchase, you might not need to get an appraisal done on your home...you read that right! About 20% of loans today are receiving 'Appraisal Waivers' in the underwriting process. Tom and Eddie Knoell discuss what an appraisal waiver is, how it works in the mortgage process, and the benefits to consumers.

In Arizona and most of the USA the 2020 FHA loan limits have been increased from $314,827 to $331,760. Listen to our podcast to learn why this is great news for Arizona buyers and sellers.

In Arizona and most of the USA the 2020 conventional loan limits have been increased from 484,350 to $510,400. Listen to our podcast to learn why this is great news for Arizona buyers and sellers.