Lets listen to what Great Southwest Mortgage, the retail arm of First Magnus says about themselves..
"Great Southwest Mortgage joined the mortgage community in Arizona in December, 1995. Erik Lutz, our founder and President, started with the concept of a mortgage company that dedicated itself to outstanding customer service and creativity in matching the most advantageous loan program with each individual client’s specific needs.
As Great Southwest Mortgage continued to grow, we sought to further expand the options available to our customers and to increase the market to which we could bring our particular branch of home-town service. We accomplished this in October, 1999 when we teamed with First Magnus Financial, a mortgage broker and banker headquartered in Tucson, Arizona."
Read on.....
Thursday, August 16, 2007
About Great Southwest Mortgage, the retail arm of First Magnus
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An ARM can be a great solution for borrowers with bad credit who have a reasonable time frame for paying off the loan by refinancing or selling. Plan to get your finances in order to achieve this. Then make a back up plan in case the first one doesn't work. The number of bad credit mortgage foreclosures today is evidence that depending on luck to pay your mortgage can cause you to lose your home. Your bottom line should be that if you can't get out of a bad credit mortgage and into a conventional or FHA loan within five years you should probably consider putting off home ownership and get some financial counseling.
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