Joe Edwards

NMLS# 205013

Branch Manager

Joe Edwards
Branch Manager

NMLS# 205013
State Lic: AZ # 0913714;
2150 East Highland Avenue
Suite 212
Phoenix, AZ 85016
Direct: (480) 256-9070
Mobile: (480) 650-4142
Fax: (888) 232-3115
joe.edwards@academymortgage.com

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I met with Joe. He was very professional and knowledge about the whole process. Colin and Alexis were also very helpfully. They always got back to me with answers to my questions. Over all the loan process went smoothly. Luis Ochoa
Academy's My Mortgage App

WELCOME AND THANK YOU FOR VISITING MY WEBSITE!

You have come to the right place for all of your lending needs. I am a licensed mortgage consultant who has been in the financial industry since 2005. During my tenure in the mortgage industry a lot has changed. I pride myself with keeping up to date with the latest lending guidelines and programs that will help maximize the needs of my clients and industry partners. I work all walks of life, if you are a first time homebuyer, a veteran, or a Real Estate investor you are talking to the right mortgage professional. I have pulled and analyzed thousands of credit reports which made me the credit expert I am today.

ACADEMY MORTGAGE

Don’t get lost in the shuffle of working with a large bank and don’t let outside broker financing jeopardize your home mortgage. The average closing time for a mortgage loan is 45 days, but at Academy Mortgage it is 14 days. How do we do it? We are the mortgage banker (lender), we underwrite, draw docs, and fund FHA, VA, USDA, Jumbo and Conventional loans right here in our Chandler office. If I have a question about your loan I can walk down the hall and get the question answered in person, not wait days for a response.

FOR OUR REALTORS

We offer many marketing options for our Realtor partners! Our marketing department can create email drip campaigns, produce and distribute branded videos, create flyers for open houses, help amplify your listings on social media, provide signage and decorations for properties and so much more! Just ask me for more information. I would be happy to sponsor you or any other agents with cobranded marketing.

CONTACT ME TODAY!

I look forward to assisting you or your clients with all of your mortgage needs. For your convenience, feel free to use the secure online application link below. Once you have submitted your information, I will be notified and you can expect a phone call from me shortly!

ARTICLES

Read these articles to educate yourself on the mortgage process and industry.

NMLS# 205013

State Lic: AZ: 0913714;

Corp Lic: AZ: BK-0904081;

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Mortgage applications rise 10%

According to the Mortgage Bankers Association, applications for home loans rose 10% for the week ending April 8. This is an impressive jump and suggests a higher number of consumers are feeling financially confident enough to invest in a new house.

"Helped by a persistently strong job market and low rates, applications for both conventional and government home purchase loans increased last week," said Mike Fratantoni, the MBA's chief economist. "The purchase index was at its second highest level since May 2010. Applications to refinance also increased as the 30 year contract rate decreased to its lowest level since January 2015."

Home loan rates rise to impressive level. The Market Composite Index measures U.S. home mortgage application volume, and it indicated a 10% rise in all home loans when compared on a week-over-week basis. The Refinance Index jumped to its highest level since February 2016, rising 11% from the previous week's level.

The share of refinance applications rose to 54.9% of all activity from 54.5% the previous week. Adjustable-rate mortgage applications accounted for 5% of all applications.

Home loans through the Federal Housing Administration decreased its share of total applications from 11.3% to 10.8%, and mortgages through the U.S. Department of Veterans Affairs also dipped from 12.2% of all activity to 11.9%.

When compared to the previous week, the share of home loans through the U.S. Department of Agriculture remained unchanged at 0.8% of all activity.

Low interest rates encourage more housing activity. CNBC reported current interest rates make affording a home easier for many American consumers.

"Rates dropped last week in response to concerns about further slowing in global growth, despite the fact that the U.S. job market continues to show real strength," said Fratantoni. "Rates also are increasingly volatile as markets react to different signals regarding the future path for the Fed. This drop in rates is providing what will likely be only a temporary boost in re-fi activity."

'Tis the season for real estate. In addition to historically low interest rates, the spring homebuying season has officially arrived. Traditionally, this time of year is especially busy for real estate professionals working in the industry, as more consumers are entering the market with the hopes of buying, selling or refinancing homes. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Contact me to find a loan, get a rate, or calculate your payment today.

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Zillow Group continues to emerge as an MLS leader

Zillow Group, an online real estate database, continues to develop and grow substantially. The company recently signed agreements with 24 other multiple listing services, according to a press release.

In addition, Inman noted that Zillow Group further developed its tool, Agent Finder, which allows individuals to find nearby real estate agents who have demonstrated a high success rate for sales.

Zillow Group is making bold moves and might be changing the face of real estate.

A substantial number of services sign agreement to share data with Zillow Group. Currently, the company is the largest online real estate portfolio. On March 23, Zillow Group announced that 24 additional multiple listing services partnered with the company and will send all listings directly to Trulia and Zillow.

"With every partner that decides to send Zillow and Trulia a direct feed, it improves the overall accuracy as well as home shoppers' experience, resulting in more opportunities for agents to engage with homebuyers and sellers," said Greg Schwartz, Zillow Group's chief revenue officer.

Schwartz also noted that a direct feed will help ensure that the highest-quality data reaches the individuals who use the tool during their home search. Zillow is especially excited about the new partnerships. 

Some of the new partners include:

Zillow Group releases new version of real estate agent search platform. In addition to a growing business, Zillow Group is further developing what its company can offer customers. According to a press release from Zillow Group, the company announced the launch of Agent Finder. This tool will help more individuals find a real estate agent after applying for a U.S. home mortgage. 

"Millions of home shoppers visit Zillow every month, and many of them have not yet found a real estate agent to help them buy or sell their home," said Zillow Chief Marketing Officer Amy Bohutinsky.  "Being able to evaluate an agent based on his or her local reputation, experience in a given area, as well as individual expertise, is incredibly useful for buyers and sellers. Having access to this information will help buyers and sellers find the right person to guide them through what is arguably one of the biggest financial and emotional decisions in their lifetimes."

The company is publishing agent reviews from former clients as far back as 2010. In addition, real estate agents can emphasize their experiences and update their profiles on Zillow. 

"Every day, agents tell us how important online reviews are to their marketing efforts, and how increasing their online presence has resulted in more business," said Zillow Director of Industry Outreach Jay Thompson. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Home equity improves for 1.2 million homeowners

More individuals who were impacted by the real estate crisis in 2008 have regained equity in their homes. According to the Fourth Quarter 2014 Equity Report from CoreLogic, a leading financial, property, and consumer information and analytics company, more than 1 million people who own homes saw their equity go up again after being underwater in 2014.

CoreLogic's report indicated an impressive number of borrowers regained equity in 2014. The data indicated that the national equity share climbed to 89%. However, number of homeowners now have positive equity on their houses. However, some properties remain underwater.

"Negative equity continued to be a serious issue for the housing market and the U.S. economy at the end of 2014, with 5.4 million homeowners still 'underwater,'" said CoreLogic President and CEO Anand Nallathambi. "We expect the situation to improve over the course of 2015. We project that the CoreLogic home price index will rise 5% in 2015, which will lift about 1 million homeowners out of negative equity."

While underwater homes persist, progress among some homes is a good sign of a strengthening housing market. Based on CoreLogic's Home Equity Report from the fourth quarter of 2013, the results of the latest edition revealed notable progress in the volume of underwater homes. In 2013, 13.3% of homes had negative equity. The new report indicated that this statistic dropped 2.5 percentage points in the fourth quarter of 2014. 

Different regions have varying equity situations. While the share of properties with negative equity across the nation sits at 10.8%, certain areas of the country have varying portions of local homes that are underwater compared to the national figure. The top five states with mortgaged homes underwater included: 

  1. Nevada
  2. Florida
  3. Arizona
  4. Illinois
  5. Rhode Island

The top five states containing properties with mortgages that had positive equity included:

  1. Texas
  2. Alaska
  3. Montana
  4. Hawaii
  5. North Dakota

In addition, the total value of the home seemed to impact whether the property had a positive equity position. A total of 94% of houses valued at more than $200,000 had positive equity, while only 84% homes worth less than $200,000 were above water.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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