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What You Need To Know About The Home Inspection Process

June 7, 2017 by · Leave a Comment

Congratulations on finding a house! You now have only a few days from when you signed the purchase and sales agreement to have a home inspection. Chances are your real estate agent made the offer contingent upon a satisfactorily home inspection and obtaining mortgage financing. What Is A Home Inspection? According to Wikipedia, a home inspection […]

What Do Phoenix Appraisers Look For When Determining A Property’s Value In AZ?

June 7, 2017 by · Leave a Comment

Most Phoenix area residents are surprised to learn what Arizona appraisers actually look at when determining the value of a real estate property, especially when it the property they are interested in. The first misconception homeowners generally have is that the value of their home is determined after the appraiser has measured and photograhed their physical property inspection. However, the […]

Buying a Home in Phx! Where Do I Begin?

June 7, 2017 by · Leave a Comment

Getting Started The decision has been made, I am BUYING a new HOUSE!! and I don’t know what to do next. First things first: Get organized and do your homework. CAN I AFFORD THE HOUSE? You will need to determine what’s affordable.  Remember, when you purchase a home, you will also incur some additional costs, […]

Assembling Your Home Buying Team In Phoenix- Knowing The Players

June 7, 2017 by · Leave a Comment

Buying a new home is literally a team sport since there are so many tasks, important timelines, documents and responsibilities that all need special care and attention. Besides working with a professional team that you trust, it’s important that the individual players have the ability to effectively communicate and execute on important decisions together as […]

Top Five Market Factors That Influence Mortgage Rates

June 7, 2017 by · Leave a Comment

Timing the market for the best possible opportunity to lock a mortgage rate on a new loan is certainly a challenge, even for the professionals. While there are several generic interest rate trend indicators online, the difference between what’s advertised and actually attainable can be influenced at any given moment by at least 50 different […]

What’s My Debt-to-Income (DTI) Ratio?

June 7, 2017 by · Leave a Comment

Debt-to-Income (DTI) is one of the many new mortgage related terms many First-Time Home Buyers will get used to hearing. DTI is a component of the mortgage approval process that measures a borrower’s Gross Monthly Income compared to their credit payments and other monthly liabilities. Debt-to-Income Ratios are designed to give guidance on acceptable levels […]

Manufactured Homes: Foundation Certification & Up

November 19, 2014 by · Leave a Comment

Manufactured Homes: The Foundation Certificate   There are a number of factors to consider when purchasing or re-financing your Manufactured Home.  As usual, the best place to start is the beginning which is: What is a Manufactured Home? To be considered a manufactured home it must have been built completely off-site in a controlled environment […]

Manufactured Homes: Four Critical Documents

June 17, 2014 by · Leave a Comment

Purchasing or refinancing a Manufacture Home can be difficult and extremely confusing.  First and foremost, they are hard to find and very time consuming. Here are four items that are highly suggested to have or have access to before you start the loan process. 1.  HUD Certification Label (HUD Tag) which is attached to the […]

Conventional or FHA Loans In Phoenix

October 31, 2013 by · Leave a Comment

How does one decide between a FHA loan or Conventional loan?  In a nutshell, if you can qualify for a Conventional loan, go for it.  Conventional loans are harder to qualify for but well worth it. The main reason for this rational is the Mortgage Insurance associated with a FHA loan. Mortgage insurance  is an […]

Important Factors To Consider When Getting Financing On A Foreclosure, Short Sale or New Construction

April 19, 2013 by · Leave a Comment

Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing. If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or potentially even a denied loan. Short Sales & Foreclosures – Short sales and foreclosures are everywhere. They often represent great […]

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