Pilot Mortgage - Blog , UncategorizedPilot Mortgage - Blog , Uncategorizedhttps://pilotmortgage.com/blogs/UncategorizedMon, 20 Apr 2026 18:00:57 -0700http://zoho.com/sites/<![CDATA[Shopping for a Mortgage in Arizona? Here's What Most Lenders Won't Tell You (But We Will - Up Front and With Zero Barriers]]>https://pilotmortgage.com/blogs/post/shopping-for-a-mortgage-in-arizona-here-s-what-most-lenders-won-t-tell-you-but-we-will-up-front-and

Hi, I’m Gordon Goosen, NMLS 162267, owner of Pilot Mortgage, LLC – a local, Arizona-only mortgage broker based in Chandler. 


Every day we talk to home buyers (and their Realtors) who are frustrated with the mortgage process. They’re told “We can’t give you real numbers until we pull credit, verify income, and see 60 pages of documents.”


That’s not how we do it.


At Pilot Mortgage, you can get an actual, transparent, executable mortgage quote in minutes – with nothing more than three pieces of information:

  1. Purchase price
  2. Your estimated credit score
  3. How much you plan to put down (as low as 3%)

No credit pull. No pay stubs. No barriers.


Here’s what that looks like in real life.

Real Quote Example – November 18, 2025

(Anyone could have requested this exact quote on our website)

Buyer Profile

  • Purchase Price: $630,000
  • Down Payment: 10% ($63,000)
  • Estimated Credit Score: 680
  • Loan Type: Conventional 30-year fixed, primary residence, no prepayment penalty
  • Purchase Price: $630,000
  • Down Payment: 10% ($63,000)
  • Estimated Credit Score: 680
  • Loan Type: Conventional 30-year fixed, primary residence, no prepayment penalty


Option 1 – No Points / Lender Credits Cover Most Closing Costs

Interest Rate: 7.500% (7.500% APR) 

Loan Amount: $567,000 

Estimated Monthly Payment (Principal + Interest + MI): $4,177.17 

Total Cash to Close (down payment + prepaids + closing costs): ≈ $63,000


Option 2 – Buy the Rate Down to 6.625%

Interest Rate: 6.625% (6.777% APR)

Estimated Monthly Payment: $3,843.19 Total Cash to Close: ≈ $71,793 (extra $8,793 buys the lower rate) 

Mathematical Break-Even: 27 months (2 years, 3 months)

After month 27, the lower rate saves you money for the rest of the 30-year term (or until you sell/refinance).

We show both options side-by-side so you can decide what’s best for your situation.


What’s Actually Included in That “Cash to Close” Number?

Most online calculators and big-bank quotes hide or estimate these fees. We don’t. You’ll see the real dollars for:

  • Appraisal
  • Credit report
  • Origination/underwriting/processing
  • All title company fees (settlement, lender’s policy, CPL, endorsements)
  • Prepaid interest (prorated from funding date to month-end)
  • One full year of homeowner’s insurance
  • Private mortgage insurance (when applicable – and yes, ours is among the lowest in the country)

No surprises at the end.


Why Realtors Love Sending Their Clients to Pilot Mortgage

Because we give their buyers real numbers before they write an offer.

With our quote in hand, your Realtor instantly knows:

  • Exactly how much of your cash is going toward the down payment vs. closing costs
  • The precise monthly payment at different rate scenarios
  • How many seller concessions to ask for (in the example above, a smart Realtor could request $8,993 in concessions and keep the buyer’s out-of-pocket almost identical while getting a much lower rate)

Buyers stay in the driver’s seat, and offers become stronger and cleaner.


Common Questions We Answer Every Day

Q: Can I really get an accurate quote without pulling credit or giving income? A: Yes. We use your estimated credit score tier and conservative debt-to-income assumptions. Once you have decided to choose Pilot Mortgage, we pull credit/verify income, 99% of the time the numbers either stay the same or get better.


Q: What if I have a 620 score or want only 3% down? A: Still no problem. We quote 3–25% down payment options all day long.


Q: Why are your private mortgage insurance (PMI) rates the lowest I’ve seen? A: Because we focus on the customer experience. We also do not mandate and escrow/impound account, we will waive this with no charge, we have access to delegated PMI pricing that most retail banks and online lenders simply don’t.


Q: Do you only work with buyers who already have a Realtor? A: Not at all. First-time buyers, move-up buyers, investors (we do those too) – anyone is welcome to run numbers with zero obligation.


Ready for Your Own Zero-Barrier Quote?

Head over to www.pilotmortgage.com (or just reply to this post) and tell us:

  • Purchase price you’re looking at
  • Approximate credit score
  • How much you feel comfortable putting down

We’ll have a full Pilot Mortgage Planner back to you (and your Realtor, if you have one) in minutes – no login, no hard inquiry, no sales pitch.

Welcome to a better way to shop for a mortgage in Arizona.


Pilot Mortgage, LLC – NMLS #393286 | Licensed only in Arizona MB - 0917581  | Equal Housing Lender] 480-320-2322 | hello@pilotmortgage.com | Chandler, AZ


Let’s make sure you keep more money in your pocket and less stress in your home-buying experience.

Get Started Now
]]>Sat, 29 Nov 2025 16:17:45 -0700<![CDATA[How do I get a free copy of my credit reports?]]>https://pilotmortgage.com/blogs/post/how-do-i-get-a-free-copy-of-my-credit-reportsFree Copy of Your Credit Report.]]>

Where can I get a credit report?

You have the right to request one free copy of your credit report each year from each of the three major consumer reporting companies (Equifax, Experian and TransUnion) by visiting AnnualCreditReport.com. You may also be able to view free reports more frequently online.

About this Link: AnnualCreditReport.com

AnnualCreditReport.com is the official site to get your free annual credit reports. This right is guaranteed by Federal law. You can verify this is the official site by visiting the CFPB's website.

Don't be fooled by look-alike sites. You can be sure that you are on the right site if you type www.AnnualCreditReport.com in your browser address line. Don't come to this site by clicking on a link in another site or in an email.

This site is maintained by Central Source, LLC. Central Source, LLC is sponsored by Equifax, Experian and TransUnion so you have a single site where you can ask for all three of your free credit reports.

Where can I get a credit report?

You can request and review your free report through one of the following ways:

Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281


You can request all three reports at once or you can order one report at a time. By requesting the reports separately (for example, one every four months) you can monitor your credit report throughout the year. Once you’ve received your annual free credit report, you can still request additional reports. By law, a credit reporting company can charge no more than $14.50 for a credit report.


You may be able to view free credit reports more frequently online. When you visit AnnualCreditReport.com , you may see steps to view your updated credit reports at no cost, online. This gives you a greater ability to monitor changes in your credit. If needed, you can also ask whether your credit report is available in your preferred language.


You are also eligible for reports from specialty consumer reporting companies. We put together a list that includes several of these companies so you can see which ones might be important to you. You have to request the reports individually from each of these companies. Most of the companies in this list provide a report for free every 12 months. Other companies may charge you a fee for your report.

How can I get additional free credit reports?

You can get additional free reports if any of the following apply to you:

  • You received a notice that you were denied credit, insurance, or employment or experienced another “adverse action” based on a credit report. In this case, you have a right to a free report from the credit reporting company identified in the notice. To get the free report you must request it within 60 days after you receive the notice. Other types of “adverse action” notices you might receive include notice of an unfavorable change in the terms or amount of your credit or insurance coverage, or unfavorable changes in the terms of your employment or of a license or other government benefit.
  • You believe your file is inaccurate due to fraud.
  • You have requested a credit report from a nationwide credit reporting company in connection with placing of an initial fraud alert on your credit file (you may request two free copies for an extended fraud alert).
  • You are unemployed and intend to apply for employment within 60 days from the date of your request.
  • You are a recipient of public welfare assistance.
  • Your state law provides for a free credit report.

Still have questions about credit reports and scores?

Call us at: 480-320-2322. 

We are here to help you better understand them, learn how to correct errors, and improve your credit record over time.

]]>Sat, 16 Mar 2024 13:20:00 -0700<![CDATA[What is a 2-1 Buydown?]]>https://pilotmortgage.com/blogs/post/what-is-a-2-1-buydownIn the conventional mortgage world, a 2-1 buydown is a type of mortgage financing arrangement that involves temporary interest rate reductions for the ]]>

Explanation of a 2-1 Interest Rate Buydown

In the conventional mortgage world, a 2-1 buydown is a type of mortgage financing arrangement that involves temporary interest rate reductions for the borrower during the initial years of the loan. This arrangement is often used to make homeownership more affordable for borrowers, especially in the early years of the mortgage.

Here's how a 2-1 buydown typically works:

1. First Year (Year 1):  In the first year of the mortgage, the borrower enjoys a reduced interest rate. In the case of a 2-1 buydown, this reduced rate is usually 2 percentage points below the actual interest rate specified in the loan agreement.

2. Second Year (Year 2):  In the second year, the interest rate increases by 1 percentage point compared to the initial reduced rate. It is now 1 percentage point below the original interest rate.

3. Remaining Years (From Year 3 onward):  From the third year onward, the interest rate remains constant at the originally agreed-upon rate specified in the mortgage contract. This rate is usually higher than the rates experienced in the first two years.

The purpose of the buydown is to provide borrowers with a gradual transition into higher mortgage payments. This can be particularly beneficial for individuals who anticipate an increase in income over the initial years of homeownership. By starting with lower payments that gradually increase, borrowers may find it easier to manage their finances.


It's important for borrowers to carefully review the terms of the buydown arrangement, including the specific interest rates for each year and how they will be adjusted. Additionally, borrowers should consider their financial situation and whether they expect changes in income that would align with the increasing payment structure of the buydown.


Does a 2 - 1 Interest Rate Buydown Help the Seller?

A 2-1 buydown primarily benefits the buyer rather than the seller. It is a financing arrangement designed to make homeownership more affordable for the borrower during the initial years of the mortgage. This type of buydown allows the borrower to start with lower monthly mortgage payments that gradually increase over time.

While the 2-1 buydown can make the property more attractive to potential buyers by offering lower initial payments, it doesn't directly provide financial advantages to the seller. Sellers might find it beneficial in the sense that it could attract more potential buyers, especially those who are initially concerned about the affordability of homeownership.

In a competitive real estate market, offering financing options like a 2-1 buydown might make a property stand out and potentially lead to a quicker sale. However, it's crucial to note that the financial impact on the seller is indirect, and the primary advantage is perceived by the buyer who benefits from lower initial mortgage payments.

Ultimately, the decision to offer a 2-1 buydown or similar financing options rests with the seller and their real estate agent. It's important for sellers to carefully consider the market conditions, buyer demographics, and their own financial goals when deciding on such incentives.

Keep in mind that mortgage terms can vary, and it's advisable for borrowers to consult with a mortgage professional to fully understand the implications and benefits of a 2-1 buydown in their specific situation.
Get Started Now
]]>Mon, 22 Jan 2024 09:37:36 -0700<![CDATA[Merry Christmas - 2023]]>https://pilotmortgage.com/blogs/post/MerryChristmas2023Christmas Greeting]]>
As we approach the most wonderful time of the year, the entire team at Pilot Mortgage is filled with joy and gratitude. Christmas is a special occasion that brings families together, and we believe in cherishing these moments with our loved ones.



In the spirit of the season, we want to inform you that Pilot Mortgage will be taking a break from all mortgage-related activities today to allow our dedicated team members to fully immerse themselves in the warmth and joy of Christmas festivities with their families.



Christmas is a time to reflect on the year gone by, express gratitude, and celebrate the bonds that make life meaningful. At Pilot Mortgage, we understand the importance of family, and we want to ensure that our team has the opportunity to create lasting memories with their loved ones.



Rest assured, while our offices may be closed for mortgage work today, we remain committed to providing you with the best possible service when we resume regular business hours. Our team will be back in full swing tomorrow, ready to assist you with all your mortgage needs.



As we take this brief pause to celebrate Christmas, we extend our warmest wishes to you and your family. May your home be filled with laughter, love, and the magic of the holiday season.



Thank you for choosing Pilot Mortgage as your trusted partner on your homeownership journey. We look forward to serving you in the coming year and continuing to make your dreams of home ownership a reality.



Wishing you a Merry Christmas!
]]>Mon, 25 Dec 2023 08:31:42 -0700<![CDATA[Want More Spending Money?]]>https://pilotmortgage.com/blogs/post/want-more-spending-moneyEliminate monthly private mortgage insurance Accelerate your equity and pay off your loan faster Increase your cash flow with a cash-out refinance progr ]]>

NOW MAY BE THE RIGHT TIME TO REFINANCE AND POTENTIALLY SAVE HUNDREDS OF DOLLARS EACH MONTH

    • Eliminate monthly private mortgage insurance

    • Accelerate your equity and pay off your loan faster

    • Increase your cash flow with a cash-out refinance program

    • Pay off debt, make home improvements or fund large purchases

    • Potentially lower your interest rate

    Ask me about our RefiNow™ program that could help you take advantage of low interest rates, even with little or no equity in your loan.

Learn how you can have more money in your pocket. Call today.
]]>Wed, 20 Dec 2023 07:45:46 -0700<![CDATA[Maximize Your Savings: Exclusive Refi Opportunities for Our Valued FHA and VA Borrowers in Arizona!]]>https://pilotmortgage.com/blogs/post/save-money-on-your-fha-or-va-mortgageFrom now through January 31, 2024, Pilot Mortgage is offering sharper pricing on FHA Streamlines and VA IRRRLs to help borrowers lower their monthly payment while growing Pilot Mortgage's customer base with rates and service my competition cannot match.]]>

Exclusive Rates and Unmatched Service with Pilot Mortgage

Limited Time!!

Are you ready to make a significant impact on your lives and elevate your household cash flow to new heights? Look no further than Pilot Mortgage's exclusive offer, designed to help you create your own refi boom. At Pilot Mortgage, our commitment to providing you with the best mortgage solutions continues, and we are excited to share an exclusive opportunity designed specifically for our valued FHA and VA borrowers like you. From now through January 31, we are offering a unique chance to refinance your current mortgage, potentially lowering your monthly payments with discounted rates. This limited-time offer is our way of showing appreciation for your trust and loyalty and to bring in new customers to Pilot Mortgage.

Click Now To Create Client Profile, Start Saving Now
Questions? We're Here to Help!

We understand that you may have questions or need personalized assistance. Our dedicated team of mortgage experts is ready to assist you at every step. Feel free to reach out to us at (480) 980-1428.

At Pilot Mortgage, we value your trust, and we are thrilled to extend this exclusive refi opportunity to you, our esteemed FHA and VA borrowers. Don't miss out on this chance to maximize your savings and experience the unparalleled service that defines Pilot Mortgage. Act now to unlock your refi potential!
]]>Wed, 13 Dec 2023 13:15:38 -0700<![CDATA[5 Reasons Why Buying a Home is Better than Renting]]>https://pilotmortgage.com/blogs/post/5-reasons-why-buying-a-home-is-better-than-renting

Choosing to buy or rent a home is a big decision. For a lot of people, owning a home is worth it because it gives a sense of security and stability that renting won’t bring.

Renters do not have the opportunity to make long-term investments in their property, which will appreciate over time and increase their net worth. On the other hand, owning a home can have a lot of benefits. Homeowners get to capitalize on their home’s equity, which accumulates over time. They also get to enjoy tax deductions on mortgage interest payments and other homeowner expenses. Paying off your home will also enable you to live mortgage-free, and this will support a comfortable retirement. Someday, your home will be worth more than what you paid for it, and if you decide to sell, you’ll cash in on your home’s higher value. You may also have the potential of having a passive income in the future, if that is the route you want to take.

If you are on the wrong side of the block wall debating whether it’s best to buy or rent your next house, read on. Below are some of the major reasons why buying a home is better than renting.

1. Long-term, buying is cheaper than renting

Rent is money that you cannot take back. When you are renting a home, you are making monthly payments for a property that you don’t own, which means that you don’t build equity.

A home is a major purchase and can be initially expensive, but if you consider the fees that come with renting, buying and owning a home will ultimately be cheaper.

In a lot of cases, buying a home can be comparable in cost to renting, considering the rates. And of course, paying off a property that you own is way better than paying off someone else’s asset.

2. Buying a home allows you to build wealth over time

Having a house of your own is a smart way to build lifelong wealth. A home is a valuable asset – worth more than just simply having a place to live in.

Real estate properties have been known to increase its value over time or appreciate. No other asset can build your wealth more consistently. When you rent, you are building your landlord’s wealth, and not your own.

Combined with leverage, real estate appreciation can offer big returns. For instance, if you purchase a property worth $300,000 and it appreciates to $320,000, you have already made a 10% return on your property.

3. Buying a home lets you lower your living expenses significantly in the long run

For a lot of people, the idea of living mortgage-free or rent-free someday is very attractive. This is not something that you will be able to do if you are renting a home.

Of course, you will still need to be responsible for paying property taxes and insurance, but that is a minimal expense compared to the costs of renting a home.

Get approved to refinance.

See expert-recommended refinance options and customize them to fit your budget.


Start My Application

4. You have all the power to make it your own

Do you have a bathroom or kitchen that is in need of an update or a refresh? It’s your call – if the house is yours.

Owning a home allows you to do whatever you like with it – from repainting the walls to full remodels. The flexibility that purchasing your own home provides is a seriously appealing aspect to many. If you own your home, you have the freedom and full control to do what you want with it without having to worry about extra fees, lease contracts, terms, and other costs associated with renting.

5. Buying a home gives you stability

Many homeowners will agree that the privacy, peace, and stability of owning a home is beyond price. Purchasing a house means that your children will always have a place to call their own, the opportunity to go to school in a good district, and friends who live nearby.

 

As you can see, there are many reasons why buying a home is better than renting. Not only does it help you save on rental costs and help build your net worth, purchasing a home empowers you and your family and gives you the stability that you need to create lasting memories as you build a life together.

If you are looking for new homes for sale in Arizona, get in touch. 

480-699-9685

Gordon Goosen

Gordon Goosen is a Mortgage Loan Originator for Pilot Mortgage and has owned mortgage banking and mortgage brokering firms.  He holds a two bachelor’s degrees, one in Economics with an emphasis in Business and the other in Agriculture with an emphasis in Business from South Dakota State University.  Gordon is also a Veteran, Major (R) in the US Army, served for over 21 years.

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