Phoenix Company Offers Free Mortgage Advice

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Free consultations offered to homeowners seeking to "dis-ARM" their mortgage

When mortgage rates were low and the housing market was booming many homeowners chose to finance with an adjustable rate mortgage (ARM). But when the housing market buckled as the recession hit in 2008, many homeowners were concerned about the interest rate they could pay in the future.

Homeowners don't have to worry, said Steve Huml, president of CFS Mortgage Corporation in Phoenix. With interest rates still low, homeowners can take away the stress of that ARM and refinance at the lower fixed rates.

"The rates are around five percent right now and we don't expect this rate to last," said Huml, who has been in the mortgage business since 1976. "Our staff is taking the time to sit down with homeowners at no charge to discuss their options with them."

Unlike an adjustable rate mortgage, a fixed rate mortgage payment never changes. If the market interest rate increases due to a change in the economy, the loan payment stays the same. The borrower can also choose to make a larger monthly payment that will further reduce the remaining principal.

"Many people decided on an ARM believing, like many of us, that the economic picture was bright," Huml said. "Now foreclosures are at their highest rates ever and families are choosing between groceries and paying the mortgage. We want to help homeowners keep their homes and lower their payments, if possible."

Before the consultation, Huml said homeowners should make sure they have several documents available:

  • A copy of their current mortgage
  • Proof of income (tax returns, pay stubs)
  • Documents that show outstanding debt such as credit card statements
  • Proof of homeowner's insurance

"Some of our staff members have been in the mortgage business for 30 years," Huml said. "They have seen the ups and downs of this industry and can help you find the best solution."

To schedule your free consultation, call CFS at (602) 241-9875.

About CFS Mortgage Corporation:
Founded in 1982, Phoenix-based CFS Mortgage Corporation is a closely-held mortgage banking firm licensed by the state of Arizona. The company originates all types of real estate loans including conventional, conforming, FHA, VA jumbo, lot and construction, second mortgage/home equity and investor loans. Commercial loans are offered on a limited basis. CFS has been recognized as one of the top 25 lenders in Maricopa County by the Phoenix Business Journal. CFS is a member of the National Assn. of Mortgage Brokers, Arizona Assn. of Mortgage Brokers, Phoenix and Scottsdale Assns. of REALTORS®, Better Business Bureau of Central Arizona and the Executives Assn. of Greater Phoenix. For more information call (602) 241-9875 or visit


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Mike Toll
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