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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 […]

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 […]

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 […]

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 […]

HOA Hurdles to be Aware of When Looking at New Properties

April 17, 2013 by · Leave a Comment

A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project. According to Wikipedia: A homeowners’ association (abbrev. HOA) is an organization created by a real estate developer for the purpose of developing, managing and selling a development of […]

First-Time Home Buyer Credit Checklist

October 23, 2012 by · Leave a Comment

Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps. Since there are so many rules and steps to follow, here is a simple list of Do’s and Don’ts to keep in mind throughout the mortgage approval process: DO: Continue […]

In The Phoenix, AZ Area, Where Does My Earnest Money Go?

October 21, 2012 by · Leave a Comment

Whether you are a first time homebuyer or if you are new to the Phoenix area, a common question is: Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers and new residents in Phoenix ask […]

Renting In Phoenix vs Buying A Home

October 18, 2012 by · Leave a Comment

To rent a home in Phoenix as opposed to purchasing a home can be a daunting decision. While there are several biased sources that can make arguments for or against owning a Phoenix area home, we’ve found that most home buyers base their ultimate decision on emotion. Yes, there are some tax advantages of owning […]

The New Mantra in Phoenix: Documents, Documents and More…..

October 18, 2012 by · Leave a Comment

The perception today while purchasing or refinancing a home mortgage is that securing the mortgage approval and satisfying the guidelines required by the underwriters of these loans is the most difficult aspect of the process.  NOT true in this day and age. Your difficulties lie in meeting the rigorous documentation the underwriters are demanding these […]

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