Rigo Avila

NMLS# 1231595

Loan Officer

Rigo Avila
Loan Officer

NMLS# 1231595
State Lic: AZ # 0935185;
2314 South Val Vista Drive
Gilbert, AZ 85295
Direct: (480) 339-2232
Mobile: (623) 738-6221
rigo.avila@academymortgage.com

Welcome!

It’s all about service at Academy Mortgage, and our company has been meeting the needs of homebuyers across the United States since 1988. As a Marine Corps veteran this core value resonates with me because I have always believe in being of service to others. I joined Academy because of its strong reputation for integrity-based mortgage lending, its unwavering commitment to responsible lending practices, and for its broad portfolio of mortgage solutions and tools.

Since joining Academy, I have helped many individuals and families attain the dream of homeownership. Whether you want to buy a new home or refinance an existing mortgage, I will provide a customized solution for you at competitive rates. No brokering, no middleman, no hassle, no surprises.

Academy is a direct lender, which means that my Branch and Regional Offices are equipped to complete the entire loan process in-house—all loan processing, underwriting, closings, and funding are handled locally. As a result, we have a proven track record of closing loans as quickly and efficiently as possible.

I will be in control of your loan file from start to finish, and I will be up-to-date on the status of your loan at all times. I understand the importance of maintaining continuous communication throughout the loan process and commit to providing you accurate, timely, and honest mortgage advice.

I invite you to put us to the test. Let me show you how simple and easy securing a mortgage can be.

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We are proud to be one of the top independent purchase lenders in the country. We achieved this distinction by continually providing exceptional customer service and by following responsible lending practices, especially in today’s rapidly changing economy.Adam Kessler, CEO, Academy Mortgage

NMLS# 1231595

State Lic: AZ: 0935185;

Corp Lic: AZ: BK-0904081;

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Tips for first-time homebuyers

Buying a home for the first time can be an incredibly exciting but also stressful time for those hoping to enter the housing market. A house may be the largest purchase made in a person's lifetime, so it's important that the process go smoothly to prevent unnecessary worry or financial strain.

Here a few things shoppers should know when looking for their first home.

a key with a keychain of a house is being handed from on person's hand to another with an actual house in the backgroundKnowing what you want ahead of time can be greatly beneficial when looking for a home for the first time.

Consider what you want first

It's important to determine what kind of living space works best for you and your family. Do you need a home with bountiful yard space and a two-car garage? Or would a condo in multi-unit building suit your needs? What does the ideal residential neighborhood look like to you? Are there certain home amenities you could not live without? These are all considerations you must take into account before beginning any other phase of the home buying process.

Perform a credit check

Your credit score can affect the kinds of mortgage loans you can be approved for and what your interest rates and loan terms will be once you are approved. USA Today noted that you should check for and subsequently dispute any errors found in your credit report. You should also try to pay off any outstanding debts which could be lowering your score even further.

Lenders often run an inquiry into your credit history when opening a new credit account of any kind, which could adversely affect your score temporarily. To prevent this happening during mortgage applications, do not open any new credit accounts.

Financing and down payments

Determine the total cost of any prospective homes you look at – considering the property taxes, closing costs, insurance, maintenance costs and other factors. This can help guide you in assessing your budget for a potential down payment and your monthly house payment, according to Investopedia.

Weighing your mortgage options is another huge step in the home buying processes. Would a fixed conventional mortgage work best based on your income? Could an adjustable rate mortgage benefit you the most early on?

Down payments also do not have to be at the traditional 20%. Some lenders allow for less but this could result in higher overall costs and paying for private mortgage insurance, according to USA Today.

There may also be tax credits and lending programs for first-time homebuyers, veterans and residents of certain municipalities you can use to your advantage to help lower interest rates and down payment amounts.

Home inspection

Once your loans are approved and you find your dream home, a thorough inspection of the residence still needs to be conducted to ensure it's safe and up to your standards. Hire a professional to inspect the property. If any abnormalities are discovered that were not previously discussed, you generally have the option to rescind your offer or have your deposit refunded.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2016 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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Meeting your family's changing needs: relocation or renovation, part 2

Over time, your family will change - it's unavoidable. As this happens, your housing needs might evolve with your growing family. Maybe you're welcoming an aging parent into your home, or the doctor just told you you're having twins. In any case, you may find your current home is too small or ill-suited for your changing lifestyle.

When this happens, you have two basic options. You can stay where you are and make renovations to meet your changing needs, perhaps by adding a bedroom or revamping the attic and converting it into a playroom. With programs like the Fannie Mae HomeStyle loan, these choices are easily attainable for many homeowners. Or, you can buy a new home that already meets your needs.

While both options are valid, sometimes a new house in a new neighborhood might be a better option for your situation than renovating your current home. Here are a few examples when this might be true:

Renovation isn't possible or doesn't make sense

Certain renovations may be hard on a given property. For example, say your changing priorities create a need for an extra bedroom, bathroom or a larger family room. This may call for an expansion, but if your yard space is limited, building your home outward may not be feasible. A homeowner might consider renovating the basement into a new bedroom or a mother-in-law suite, but if the cellar is prone to flooding, has a dangerously low ceiling or other foundational flaws, addressing these challenges may require more time and money than they're worth, MoneySense pointed out.

While some homes face insurmountable obstacles to renovations, others take to upgrades really well. However, there is such a thing as too much remodeling, Bankrate pointed out. Will your newly remodeled home look like a mansion among starter houses? If so, chances are the people home shopping in your neighborhood might not be looking for a house quite like yours when it comes time for you to sell, which will make recouping the costs of your hard work a challenge.

Local rules make renovating a challenge

Usually, when a homeowner makes major changes to a home, he or she needs to obtain a permit to do so. This allows the local government to ensure that changes you make aren't infringing on your neighbors or decreasing the value of the homes around you. In some cases, your plans can be turned down. If you live in a historic home or neighborhood, you may not be permitted to make the changes you need, Realtor.com pointed out. Owners of historic homes generally can't add square feet or another story, for example.

You might make out in the sale

Though being a buyer in today's real estate environment can be frustrating, a seller may have a different perspective. With limited inventory available, putting your home up for sale could attract determined homebuyers willing to move fast and increase their offers. According to NAR, in March, homes only lasted an average of 34 days on the market, an 11-day decrease from February. Further, prices increased 6.8 percent year over year to a median of $236,400.

Construction will take too long or be too stressful

The choice to renovate is followed by several months or even more than a year, in some cases, to complete, The Washington Post pointed out. During this time, your home may have makeshift walls, sawdust on the floor and construction crews hammering away during the day. For many, such as those who work from home offices, this is too much of a nuisance for their lifestyle. Or, if your parents and soon-to-be housemates need to change their living situation sooner rather than later, a renovation may not be a quick enough solution.

Knowing the best way to meet your family's changing housing needs isn't always simple or clear. Luckily, homeowners today have excellent options for an affordable renovation loan or a new residential mortgage. While one might be a better choice for a family than another, both are available when you work with Academy Mortgage.

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

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Is refinancing my mortgage a good idea?

https://academymortgage.com/news/article/industry-updates/is-refinancing-my-mortgage-a-good-idea I want the actual article to beable to post on my website, not the url. ×