What to Look For When Buying a Fixer Upper House? Buying a house with a little TLC might seem like a bargain, especially for buyer who love older houses — and love to work on them. The notion of buying a fixer-upper can be irresistible. Just think: You can get a good deal a rundown […]
Parties Involved in Real Estate Transaction in Arizona
Parties and Responsibilities Involved in Real Estate Transaction in Arizona Buying and selling a home in Phoenix may be the biggest business transaction in your life. Ever wonder how many people are involved in the buying and selling of a residential property? The typical sale of a home today involves more than 20 steps and […]
Common FHA Appraisal Repairs
Common FHA appraisal repairs when buying home with FHA loan When buying a home with FHA mortgage, the Federal Housing Administration (FHA) of the U.S. Department of Housing and Urban Development (HUD) requires that properties financed by the FHA meet its minimum standards of safety, security and soundness. Essentially, the home must be habitable, with […]
Buying a House with FHA Loan in Phoenix AZ
What you need to know when buying a house with FHA loan in Phoenix AZ Home buyers today don’t often buy homes with 20% down payment. Low and no down payment mortgages remain popular with first-time buyers and repeat buyers and one of the most popular low-down payment mortgage program is the FHA loan. Read […]
Which mortgage is right for you when buying a home in Phoenix AZ
FHA Loan vs Conventional Loan Which Mortgage is right for you when buying a home in Phoenix AZ? There’s no one-size-fits all when it comes to real estate mortgages. It depends on your situation and comfort level when paying for mortgage. For some borrowers a Federal Housing Administration-insured aka FHA loan will win hands down; […]
Pathway to Purchase Down Payment Assistance Program
Pathway to Purchase Down Payment Assistance Program – Up to 10% Grant for targeted Arizona Communities The Arizona Department of Housing (ADOH), acting jointly with the Arizona Home Foreclosure Prevention Funding Corporation (AHFPFC) and the Arizona Housing Finance Authority (AzHFA), to provide down payment assistance to qualified home buyers purchasing a primary residence in 17 […]
What is Title Insurance?
What is Title Insurance? What You Need to Know About Title Insurance Buying a home is probably the single biggest investment you will ever make. Before closing on the house, you’ll want to know that no other individual or entity has a right, lien or claim to the property. Determining that your rights and interests […]
Home Ready Mortgage Program
Home Ready Mortgage Program by Fannie Mae Most first time home buyer faces financial challenges such as they can’t afford a large down payment, they may have student loan or may need parents and other family member to help out when buying a home. They are Willing, Ready but un-Able to buy because financial situation. […]
What is the difference between Mortgage Pre-Qualification & Pre-Approval?
First time home buyer: What is the difference between Mortgage Pre-Qualification and Pre-Approval? When you are buying home in Phoenix, your Real Estate Agent may ask you whether you had pre-qualified or pre-approved for mortgage. So, what’s the different between Mortgage Pre-qualification and Mortgage Pre-approved? Photo by Precondo CA on Unsplash What is Mortgage Pre-Qualification? […]
Top 3 Real Estate Deal Killers
Top 3 Real Estate Deal Killers When Buying a Home The way some people talk, it would take a miracle to make it from a signed purchase agreement to the closing table. But in reality, most real estate transactions go through with nary a hitch. Those that do hit snags, however, run the very real […]
