Your Mortgage FAQs - Frequently Asked Questions Answered by The Heath Team
Zero Down Payment: A Game Changer or Just Hype?
In this episode, Tom Heath, Vice President and Senior Loan Officer at Nova Home Loans, dives deep into the zero down payment program...
Unlocking Home Equity with UpEquity: Your Bridge Loan Solution
In this episode, Tom Heath, Vice President and Senior Loan Officer at Nova Home Loans, discusses how UpEquity can help you unlock your...
Unlocking the Benefits of the Mortgage Credit Certificate (MCC) Program
https://www.youtube.com/watch?v=02U2sKJ0Bow
Welcome to another insightful episode of Mortgage FAQs. Today, Senior Loan Officer Tom Heath interviews Patty Gonzalez, the Director of Housing at the Community...
The Hidden Dangers of Buy Now, Pay Later with Jennifer Humphrey:...
https://youtu.be/vd8Lo1AAL78
In this special episode of YourMortgageFAQs, host Tom Heath welcomes Jennifer Humphrey, a Credit Analyst at NOVA® Home Loans, to explore the increasingly popular...
Understanding the Mortgage Credit Certificate for Home Buyers
https://www.youtube.com/watch?v=XmK30ULvHF4
Transcript (Unedited)
Well, welcome everyone. Thank you for joining us. My name is Patty and I'm with Community Investment corporation and I'm here with Tom...
Stay Ahead of Deed Fraud: Protect Your Clients with Pima County’s...
You're gonna start hearing more about deed fraud and Pima County is offering a way to help homeowners stay on top of their...
Real Estate Security in a Digital World: Best Practices for Fraud...
https://www.youtube.com/watch?v=lyG3l-3GZsQ
Lisa Nutt, a seasoned professional with Coldwell Banker, is at the forefront of combating real estate fraud, leveraging her extensive background in various sectors,...
Unlock New Opportunities: Empower Your Clients with PreQualify For The Refi
Well, interest rates are continuing to be stubborn. My name is Tom Heath. I'm Vice President, Senior Loan Officer, and I work the...
Important Update: How the Corporate Transparency Act Affects Your Clients
Are you aware of the Corporate Transparency Act and how it might impact your business or your clients? If not, stay tuned and...
Connecting Home and Community: The Tucson Festival of Books
The Tucson Festival of Books is a celebration of stories, authors, and the power of words that draws a crowd from all corners....
Seize the Lighthouse Advantage: Guide Your Clients to Success with Down...
Transcript (Unedited)
You know, sometimes the math doesn't add up until you look a little bit more closely at the underlying numbers. My name...
Unlock the Door to Your First Home with Essential Loan Programs
https://youtu.be/m6nRX6puR9g
Welcome to MGGroupTucson, where our mission is to empower your homeownership journey with the right knowledge and tools. We understand that stepping into the...
Lending a Hand: Binding Community Bonds at the Tucson Festival of...
In just a few weeks, the Tucson Festival of Books will be on the U of A Mall, bringing 100 ,000 plus people...
Tucson’s Hidden Gems: Your Guide to Economic and Cultural Insights
Tucson is a vibrant hub of community and economic development, and whether your clients or business owners, investors are just simply curious about...
Beat Cash Offers: Commitment to Lend Makes You a Stronger Home...
We've heard cash is king. In fact, we've seen instances where a seller will take a lower cash offer over a financed offer...
Discover Tucson’s Vibrant Jazz Scene at the Tucson Jazz Festival
Did you know Tucson was becoming a worldwide jazz city destination? My name is Tom Heath. I am the Vice President, Senior Loan...
How to Prepare to Become a Homeowner if You’re a Renter
https://www.youtube.com/watch?v=eHmKiq-L4-A
100 % of the people who paid their landlords this month are never gonna get that money back. If you're one of those people,...
Stay On Top of The New Year with Our Desk Calendars
2023 is coming to a rapid close and we're launching into a brand new year. My name is Tom Heath, I'm Vice President...
Lock in Lower Rates With the Float Down Program
Just in time for the holidays we've seen some good news on interest rates as they have been coming down and hopefully we'll...
Get Relief from Property Taxes
Love paying taxes? I know you do. If not, there are exemptions available for certain individuals on their property taxes here in Pima...
Economic Development Tour Announcement
We have heard you and the Downtown Economic Development and Cultural Tour is back. It'll be on December 7th. My name is Tom...
Opt Out from the Deluge of Marketing Calls
Hi, Tom Heath, Vice President and Senior Loan Officer with Nova Home Loans. Just wanna let you know that we're seeing a significant...
FHA Now with More Options for ADU Properties
FHA now allows income to be used from an accessory dwelling unit. My name is Tom Heath. I'm Vice President and Senior Loan...
Good News for Conforming Loans!
Hi, it's Tom Heath, vice president and senior loan officer with NOVA Home Loans. I thought it was about time to share some...
Mortgage Interest Rates in 2023
Well, we're going to take a dive into the second half of 2023 mortgage rates and get a sense of where they might be...
Post-Closing Audits Happen
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage and...
How Can A Solar Lien Affect Your Client’s Refi?
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of Mortgage and...
Prequalify For The Refi
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of Mortgage and...
How Can You Best Survive The Current Housing Market Downturn?
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of Mortgage and...
Can My Clients Use Investment Property Rental Income For Income Verification?
Hi, this is Tom Heath with a Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage and...
Go Jump In A Lake
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage and...
How an Accessory Dwelling Unit Can Maximize Your Clients’ Real Estate...
Hi, good morning. My name is Tom Heath. I'm with the mortgage guidance group at Nova Home Loans. This is our weekly installment...
How To Expand Your Social Media Presence with Spotify
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage and...
When Mortgage Insurance Is A Better Option For Your Clients
Hi, it's Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage and real...
How Can A Home Seller Gain A Competitive Advantage in This...
Hi, it's Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage and real...
How Can 1099 Employees Qualify For A Home Loan?
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage and...
How Can Conditional Approval Give My Client’s a Competitive Advantage?
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of mortgage and...
What Is The Family Opportunity Loan?
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage and...
What Is a Listing Agreement Contract and Will My Client Benefit?
https://youtu.be/b0ZRhGrMRsM
Hi, good morning. This is Tom Heath with the Mortgage Guidance Group at Nova Home Loans, and this is our weekly installment of mortgage...
Will Your Client Benefit From The New Essential Workers Down Payment...
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of Mortgage and...
Get A Head Start On Your Business with Success Circles –...
Hi, this is Tom Heath with a Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of Mortgage and...
Mid-Year Marketing Reset
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of Real Estate...
Building For The Future
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of mortgage and...
Tidewater Initiative for VA Appraisals
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of mortgage and...
Desktop Appraisals
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of mortgage and...
Trigger Leads
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of mortgage and...
Equity Co-Sharing
Hi. This is Tom Heath with a Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of mortgage and...
More Changes to the Condo Process
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans. And this is our weekly installment of mortgage and...
Focusing on the Monthly Payment Range
Hi, it's Tom Heath with the Mortgage Guidance Group at Nova Home Loans in this is our weekly installment of mortgage and real...
Mortgage Interest Rates
Hi, it's Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of Mortgage and Real...
Interest Rate Increase
Hi, this is Tom Heath with the Mortgage Guidance Group at Nova Home Loans. And this is our weekly update on mortgage and...
Tom’s Tools For Agents
Hi, it's Tom Heath with the Mortgage Guidance Group at Nova Home Loans and this is our weekly installment of Mortgage and Real...
Is a Post-Purchase Leaseback an Option for Your Clients?
Hi, it's Tom Heath with the Mortgage Guidance Group at Nova Home Loans. This is our weekly installment of Mortgage and Real Estate...
What Other Ways Can I Help My Clients Prepare for Home...
Hi! This is Tom Heath with the Heath Team at NOVA Home Loans and this is our weekly installment of Mortgage and Real Estate...
How Fast Can I Order an Appraisal for My Clients?
Hi, it's Tom Heath with the Heath Team at Nova Home Loans and this is our weekly installment of Mortgage and Real Estate Related...
Does NOVA Home Loans Charge Lender Fees for VA Loans?
Hi. This is Tom Heath with the Heath Team of NOVA Home Loans and this is our weekly installment of Mortgage and Real Estate...
Special NOVA Home Loans Program Offers Great Rates on New Construction...
Hi, it's Tom Heath with the Heath Team at Nova Home Loans. This is our weekly update on Mortgage and Real Estate Related Matters....
Why Are Mortgage Interest Rates for Second Homes Going Up?
Hi! It's Tom Heath with the Heath Team at Nova Home Loans and this is our weekly update on Mortgage and Real Estate Related...
What is the FED Funds Rate and How Does it Affect...
Hi! Tom Heath with the Heath Team at Nova Home Loans. This is our weekly installment of Mortgage and Real Estate Related Matters. And...
Why Might the Interest Rates on Investment Homes Be Going Up?
https://www.youtube.com/watch?v=b-tGXCvyU6Q
Hi Tom Heath with the Heath Team at Nova Home Loans. This is our weekly installment of mortgage and real estate related matters. Today...
Why Does Your Client Need a Backup Funding Solution with the...
https://www.youtube.com/watch?v=Y_AA4Jvxae0
Hi, Tom Heath with the Heath Team at Nova Home Loans and this is our weekly update on mortgage and real estate related matters....
NOVA Home Loans is Working Hard to Better Server You and...
Hi, it's Tom Heath with the Heath Team at Nova Home Loans. Today is February 8th and this is our weekly installment of Mortgage...
How To Get Your Real Estate Client a $2,000 Tax Credit...
Good morning! Tom Heath with the Heath Team at Nova Home Loans. Today is February 1st and this is our weekly installment of Mortgage...
How Will The Program Changes to USDA and DACA Affect You...
Good morning! This is Tom Heath with the Heath Team at Nova Home Loans. Today is January 25th and this is our weekly installment...
Why Is Your Client’s Credit Score Different From What They Expected?
Good morning. It's Tom Heath with the Heath Team at NOVA Home Loans. Today is January 11th, 2021, and this is our weekly update...
Support Local Businesses – Home Values Depend on A Strong Community
Good morning. Tom Heath with the Heath Team at Nova Home Loans. Today is December 21st, and this is our weekly installment of Mortgage...
Down Payments for Freddie Mac First Time Buyer Program Go Up...
Good morning, Tom Heath with the Heath Team at Nova Home Loans. Today is December 14th. and this is our weekly update on Mortgage...
More Buying Power For Your Clients in 2021 – Monday Mortgage...
Good morning. My name is Tom Heath with the Heath Team at Nova Home Loans. Today is December 7th and this is our weekly...
Thank You For Sticking With Us During These Challenging Times
Good morning! This is Tom Heath with The Heath Team at Nova Home Loans. Today is November 23rd and this is our weekly update...
Do I Need a Road Maintenance Agreement When Buying a Home...
Hi, good morning! My name is Tom Heath with the Heath Team at Nova Home Loans. Today is November 16th and this is our...
Mortgage Interest Rates – Have We Seen The Bottom?
Good morning, It's Tom Heath with the Heath team at Nova Home Loans. This is our weekly update on mortgage and real estate matters...
When Is A Home Classified As A Second Home – Mortgage...
Tom Heath with The Heath Team at Nova Home Loans here! I want to wish you a very happy welcome to the month of...
How Will Next Weeks Election Affect Mortgage Interest Rates? – Mortgage...
Good morning! It's Tom Heath with the Heath Team at Nova Home Loans. Today is October 26th and this is our final installment for...
My Client is a Surviving Spouse of a Deceased Veteran. ...
Good morning! Tom Heath for the Heath Team at Nova Home Loans. Today is October 19th and this is our weekly installment of Mortgage...
5 Keys to Business Planning in 2021 – Mortgage and Real...
Good morning! Tom Heath with the Heath Team at Nova Home Loans. Today is October 12th and this is our weekly installment of Mortgage...
Will Interest Rates Go Up or Down in 2021?
Good morning, Tom Heath with the Heath Team at Nova Home Loans. Today is October 5th, and this is our weekly update on mortgage...
How Will Solar Panels Affect Your Home Loan Prequalification? Monday Mortgage...
Good morning, Tom Heath with the Heath Team at Nova Home Loans. Today is September 28th. And this is our final update of the...
Tom Answers You Appraisal Waiver Questions – Monday Mortgage and Real...
Good morning, Tom Heath with the Heath Team at Nova Home Loans. Today is Monday September 21st and this is our weekly installment of...
Great News for Realtors – Tucson Relocation is Top Google Search...
Good morning. Tom Heath with the Heath Team at Nova Home Loans. Today is September 14th. And this is our weekly installment of mortgage...
Don’t Forget The Pre-Qual – Mortgage and Real Estate Matters with...
Good morning. My name is Tom Heath with the Heath Team at Nova Home Loans. Today is August 31st and this is our weekly...
How To Plan Your Real Estate Transaction Timeline – Mortgage Matters...
Good morning, my name is Tom Heath with the Heath Team at Nova Home Loans. Today is August 24th and this is our weekly...
Real or Fake: 1.99% Home Loans Real Estate and...
Good morning. My name is Tom Heath with the Heath Team at Nova Home Loans. Today is August 17th and this is our weekly...
Reduce Your Clients Tax Bill By $2,000 with a Mortgage Credit...
Good morning, my name is Tom Heath with The Heath Team at Nova Home Loans. Today is August 10th and this is our weekly...
How To Tell Condos From a Townhouses – Monday Mortgage Minute...
Good morning. My name is Tom Heath with the Heath Team at Nova Home Loans. Today is August 3rd. And this is our weekly...
Should You Waive the Appraisal Contingency in Your Next Contract? Find...
Good morning. My name is Tom Heath with the Heath Team at Nova Home Loans. Today is July 13th and this is our weekly...
How To Get Your Clients a Manufactured Home and Condominium Mortgage...
Good morning, Tom Heath with The Heath Team at Nova Home Loans. This is our weekly update on mortgage and real estate matters. And...
What To Do With a Below-Price Appraisal – Monday Mortgage Minute...
Good morning. My name is Tom Heath with the Heath Team at Nova Home Loans. Today is July 13th and this is our weekly...
Calling All REALTORS®! Get Your Clients a Delayed Financing with Tom...
Monday Mortgage Minute with Tom Heath of NOVA Home Loans - July 6
Good morning. Welcome to the second half of 2020. It's July 6....
Issues with Forbearance – Tucson Monday Mortgage Minute with Tom Heath...
Hi, good morning. It's June 22nd. My name is Tom Heath with the Heath Team at Nova Home Loans. And this is our weekly...
Interest Rates – Monday Mortgage Minute with Tom Heath and The...
Hi, good morning. This is Tom Heatt with the Heath Team at Nova Home Loans. Today is the 15th of June. We're halfway through...
Mortgage Matters with Tom Heath, Senior Loan Officer – NOVA Home...
Good morning, it's June 8. My name is Tom Heath and this is your weekly update of Mortgage Matters that may be important to...
Monday Mortgage Update – May 11
Good morning. It's Monday, May 11th. Hope you had a fantastic Mother's Day weekend. My name is Tom Heath with the Heath Team at...
Weekly Tucson Mortgage Update – Credit Scores and Home Loan Programs
Good Monday morning. This is your weekly mortgage update and welcome to the month of May. It's May 4th. My name is Tom Heath...
Your Mortgage Questions Answered – Interest Rates, Home Loan Programs and...
Hi, this is Tom here from the Heath Team at Nova Home Loans. I wanted to bring you an update from the mortgage world...
Did My Home Just Lose Value? – Understanding the Assessed Value
Each year the Pima County Assessor sends out the annual tax statement. For those with a mortgage on the home, the loan servicer typically...
How to Prevent Your Credit Profile from Being Sold
It's called a "Trigger Lead”– a consumer applies for a home loan with The Heath Team or any other lender and within minutes, may...
Beware of Condominium Hurdles for Mortgages
A condominium is a specific property type and the term can have a different meaning in different regions of the country. In Tucson, we...
Why Are Interest Rates Rising so Quickly?
Interest rates may not be fully controllable, but some entities have a say in how they fluctuate and react to the economy! The...
“Mortgages Made Easy”, but Should They Be Easy?
When I see ads for “easy mortgage” or “no hassle loans” etc, I know what that really means– easier for the lender. I’m...
Successful Homeowners Practice: Learn Habits of the Pros
We always advise a potential home buyer to schedule a meeting well in advance of when they anticipate buying. There are several reasons for...
Down Payment Assistance: Know the Full Story
Down Payment Assistance Programs (DPA) provide a boost over a major hurdle to homeownership– cash for the down payment. Most loan programs allow a...
How We Protect You From Wire Fraud
We live in an increasingly electronic world where the speed of transactions is reduced to micro seconds.
In the instant data age, we have to...
What is Mortgage Insurance?
Traditional lenders expected borrowers to pay at least 20% of the purchase price from their own funds. However, it’s become common for borrowers to...
How Interest Rates Come To Be
How are interest rates determined?
You have probably been hearing that interest rates are moving up. What does that mean and why are they moving?
Neither...
What is a FICO Credit Score?
Good news, your credit score is 900! Unfortunately, that doesn’t do much for you because it is not based on a formula recognized by...
What is a Down Payment?
Traditional lenders expected borrowers to pay at least 20% of the purchase price from their own funds. However, it’s become common for borrowers to...
Can Seller Pay Closing Costs?
The seller, or any other third party may not contribute to the buyer’s down payment, but Loan programs allow them to contribute towards the...
