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 […]
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? […]
What You Need to Know: What is Consumer Financial Protection Bureau CFPB? For more than 30 yeas, federal laws has required all lenders to provide two disclosure forms to consumers when they apply for mortgage and two additional short forms before they close the home loan. These forms were developed by different federal agencies under […]
5 Things You Didn’t Know About FHA Mortgage Rates The Federal Housing Administration (FHA) is a government agency that sets the standards for building construction — but for homeowners or home buyers it can be a lot more. FHA-approved loans can help borrowers overcome obstacles standing between them and homeownership, and give homeowners options to […]
First Time Home Buyer: What is Debt to Income Ratio (DTI) When Applying for Mortgage? A debt to income ratio is one way lenders measure your ability to manage the payments you make every month to repay the money you have borrowed. Lenders use your DTI ratio to evaluate your current debt load and to […]
First Time Home Buyer: How Important Is Your Down Payment When Buying a Home in Phoenix AZ? When buying a home, most people take on a mortgage. There are many things to consider when taking on a mortgage loan, including interest rate, closing costs and the down payment. Once you calculate how much house you […]
First Time Home Buyer: What is Private Mortgage Insurance (PMI) When Buying a House? When you buy a house in Phoenix AZ and you are getting mortgage, your lender will look at the amount of your down payment compared to the sales price. This is to determine your loan to value ratio aka LTV ratio. […]
What is Good Faith Estimate When Buying Home in Phoenix AZ? One of the most confusing aspects of the process for first-time homebuyers is the mortgage. Common homebuyer questions include: Where to get one, how to get one, and what does all that jargon mean? Advice abounds, especially on the Internet. One common tip is […]
Do Not Apply For Credit Before Closing of Escrow When Buying a Home You found your dream home and you are under contract. So what’s next? First thing first: Do Not apply for new credit between the time you apply for a home loan and the day the mortgage closes aka close of escrow. The […]
The 6 Steps to Securing a Home Loan When Buying a Home From the word “mortgage” to the methods used by lenders to determine how much to loan, the home loan process can be confusing to first timers. In fact, one third of the respondents to a 2011 Wall Street Journal survey of homebuyers said […]
My commitment to my clients is to ensure your home buying or selling experience are the most rewarding, most cost & time efficient and as stress free process as possible, while maintaining a professional and ethical business.
