Jake Krabbe

NMLS# 877141

Mortgage Loan Officer

Jake Krabbe
Mortgage Loan Officer

NMLS# 877141
State Lic: AZ # 0920357;
15333 North Pima Road
Suite 205
Scottsdale, AZ 85260
Direct: (480) 442-9291
Fax: (480) 374-5216
Mobile: (480) 442-9291
jake.krabbe@academymortgage.com

Academy's My Mortgage App

Welcome to Academy Mortgage!

I'm available 24/7 for all of your mortgage needs. As a native Iowan, I base my career as a mortgage banker on customer service, hard work, and integrity. I moved to Arizona in the summer of 2010 and began my career with Academy in March 2012.

In my first year as a loan officer I was honored with the distinction of Rookie of the Year. I continued my dedication to the industry and was awarded to the Top Producers Club for 2013. With a Relatively short time in the business, I have emphasized helping families into new homes offering conventional, FHA, VA, and USDA loans. My focus on the customer experience has helped to grow my career and extend my network of realtors, home builders, title agencies, and over course satisfied home buyers.

Please don't hesitate to reach out to me with any questions regarding the mortgage process and I look forward to helping you find your next home.

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ARTICLES

Read these articles to educate yourself on the mortgage process and industry.
Jake and his team were amazing! No complaints. Thaddeus Kirchhofer

NMLS# 877141

State Lic: AZ: 0920357;

Corp Lic: AZ: BK-0904081;

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Academy Mortgage Aquires Republic Mortgage

Academy Mortgage is pleased to announce its acquisition of Republic Mortgage Home Loans. The partnership will allow the two independent mortgage lenders to bring homeownership to a greater number of individuals and families across the United States. Republic Mortgage aligns well with the operational structure and the service-oriented and people-centric culture at Academy. Like Academy, Republic Mortgage is focused on purchase (vs. refinance) business and on the professional and personal development of its mortgage originators, employees, and referral partners. It is also actively involved in giving back to its communities and donates a portion of each closing to local charities. "By joining forces with Republic Mortgage, we will be able to accelerate our opportunities for growth, and, most importantly, our opportunities for each individual to push forward our vision to inspire hope, deliver dreams and build prosperity," said Adam Kessler, president of Academy Mortgage. The acquisition will not affect the high level of service provided to both companies' clients and referral partners. All loans that currently stand will be processed and funded regularly. The primary benefits of this alliance are increased access to resources and enhanced opportunities for growth. Republic Mortgage also brings to the partnership several innovative tools showcasing the latest advancements in mortgage technology. Republic Mortgage operates 44 branches in 12 states with 350 employees. Republic Mortgage's employees and branches will be transitioned to the Academy Team over the upcoming weeks. Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today. ×

Completed foreclosures drop 13.7%

The number of completed foreclosures dropped in December 2014, according to a national foreclosure report released by CoreLogic, a leading financial, property, and consumer information and analytics company. An improving housing market and the implementation of programs to help limit completed foreclosures may be responsible for the drop. 

This decline may encourage consumers' optimism in the housing market and ultimately further bolster the condition of national real estate. 

Completed foreclosures noticeably fall. The number of nationwide foreclosures dropped from 46,000 in December 2013 to 39,000 in December 2014. This 13.7% year-over-year decrease may signify continual improving conditions in the housing market and U.S. economy at large.

"The steady decline in the number of completed foreclosures is a good sign of healing in the U.S. housing market," said the president and CEO of CoreLogic, Anand Nallathambi. "Nonetheless, there remain many pockets of the country with very high foreclosure inventories, underscoring the unevenness of the nation's housing recovery."

HousingWire emphasized that while the number of foreclosures is still higher than the average before the housing market crisis, this progress bodes well for homeowners and real estate.

Programs implemented to help cut down the volume of foreclosure activity. The decreased number of total completed foreclosures may be due to an improving housing market as well as programs the government has developed to help individuals who may face foreclosure. The U.S. Department of Housing and Urban Development noted that the Obama administration enacted a number of programs to help alleviate the risk of foreclosure. The Making Home Affordable Program, Home Affordable Modification Program, Second Lien Modification Program and Principal Reduction Alternative are among the strategies officials implemented to help stabilize the real estate market.

These different programs provide individuals with options when foreclosing on a home becomes a significant threat. Each program can offer assistance to people who may be underwater, need to refinance for a more affordable home loan or must find a way to transition into a more affordable housing option. If homeowners are having difficulty making payments, HUD suggested that they reach out to their mortgage company to discuss options before it is too late. Homeowners do not have to feel trapped with new programs available.  

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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Rising rental rates may encourage homeownership

Buying a home might become a more appealing option for individuals. Experts expect rental rates to remain higher for a while, and purchasing real estate may prove to be a more affordable living arrangement.

Rental rates continue to increase. According to a press release from Zillow, an online real estate company, 51% of polled experts do not believe the affordability of rental units will improve for two or more years.

"Solving the rental affordability crisis in this country will require a lot of innovative thinking and hard work, and that has to start at the local level, not the federal level," said Stan Humphries, Zillow's chief economist. "Housing markets in general and rental dynamics in particular are uniquely local and demand local, market-driven policies."

The rising costs associated with renting may persuade more individuals to consider owning a home as a more affordable option. 

Homeownership more affordable than renting. Historically low interest rates on U.S. home mortgages, low down-payment options and the Federal Housing Administration's decision to lower mortgage insurance premiums may increase the attractiveness of buying real estate. The demand for rental properties is driving up rental prices, and changes to the cost of homeownership decreases those expenses.

Zillow noted that many current renters are becoming increasingly frustrated with the rising cost to rent. The hikes are encouraging some individuals to enter the housing market and purchase a home. Their potential contributions to the real estate market may continue to strengthen the continual recovery from the housing crisis in 2008. 

"Vacancy rates on rental units in the fourth quarter were down to 7 percent, the lowest in more than 20 years," said Nationwide Insurance's Chief Economist David W. Berson.

Realtor.com recommended comparing the costs between renting and buying before deciding which option is best for your local housing market. In some instances, renting is more costly. However, before buying, take a look at the local school district and the current graduation trend. Also, take notice of whether new businesses and restaurants are coming to a neighborhood or leaving. This can indicate whether purchasing a home in a certain area would be a quality investment.

Increasing rental expenses and more favorable homeownership conditions may persuade more people to purchase homes and bolster the housing market. 

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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