Your Mortgage FAQs - Frequently Asked Questions Answered by The Heath Team

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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...
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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...
Should You Waive the Appraisal Contingency in Your Next Contract? Find Out From Senior Loan Officer Tom Heath with NOVA Home Loansvideo

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...
How To Get Your Client a Manufactured Home or Condo Mortgage with Tom Heath of NOVA Home Loansvideo

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...
What To Do With a Below-Price Appraisalvideo

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...
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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...
Issues with Forbearance - Tucson Monday Mortgage Minute with Tom Heath and The Heath Team at NOVA Home Loansvideo

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...
Monday Mortgage Minute with Tom Heath and The Heath Team at NOVA Home Loans

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...
Mortgage Matters with Tom Heath, Senior Loan Officer - NOVA Home Loans - Credit Scoresvideo

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...
Monday Mortgage Update - May 11video

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...
Weekly Tucson Mortgage Update - Credit Scores and Home Loan Programsvideo

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...
Your Mortgage Questions Answered - Interest Rates, Home Loan Programs and Appraisalsvideo

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...
Did My Home Just Lose Value? - Understanding the Assessed Value

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 Stolen - In the Know with Tom Heath

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

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...
What's Happening with Interest Rates?

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?

“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

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: 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

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?

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 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?

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?

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?

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...
Contact Tom Heath with Your Mortgage Questions
Contact Tom Heath with Your Mortgage Questions

Ask Me Your Mortgage Questions

Send me your mortgage questions and you have the chance to have your question answered live on YourMortgageFAQs.com