Buyer information

Title Fraud Alert for Maricopa

Tool to avoid title fraud The Maricopa county recorder recently rolled out a tool to help homeowners avoid title fraud.  It has been on the rise and can be financially devasting to a homeowner. This title fraud alert tool notifies homeowners when a document is being recorded that has their name or the name of

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Questions for your lender

Critical questions for the lender Once you’ve uploaded and sent all the documents that your lender has asked for, it’s your turn to ask the questions.  How do you know the lender or loan officer has chosen the best loan program for you? Have they shared the closing costs that you’ll need in addition to

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Home Equity Theft & Tax Liens

What is Home Equity Theft? Home Equity Theft is a phrase that is used when governments and investors use tax liens and tax deeds to legally take a homeowner’s property and their equity.  This has been become common practive in many states. It is finally getting the attention it deserves now that the case Tyler

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Tips when buying a new build home

Things to know when buying a new home A brand new home can be so appealing in many ways.  You can choose your flooring, cabinets, type of counter tops and numerous upgrades.   Not to mention all the appliances are and mechanical systems are new.  So what if anything could go wrong with purchasing a new

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What is a Community Facility District?

What is a Community Facility District? A community facility district is often referred to as a CFD. You may not always be aware that a house is located in a CFD.  So what are the drawbacks or advantages and how do you determine if a house is in a subdivision with a community facility district? 

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What are seller concessions?

Can Sellers Contribute Toward Buyer Closing Costs? Does the Arizona Association of Realtors contract allow for sellers to contribute toward buyer closings costs?  What about assisting with the down payment?  These are questions that come up in the course of a transaction. And in what type are market are they more common?  Keep reading to

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Prequalification and Your Credit Score

Can your credit score affect your prequalification? Getting prequalified before looking for a home and especially prior  to submitting an offer is mandatory. What can be done to prepare a prospective buyer before getting prequalified?  The answer is to become credit worthy. How does your credit score influence your prequalification?   Understanding how credit bureaus measure

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Removing MIP on a FHA loan

Eliminating MIP on a FHA Loan When you review your mortgage statement every month you are reminded of something called mortgage insurance.  For a FHA loan it is called MIP, Mortgage Insurance Premium.  Removing MIP on a FHA loan is a different animal than removing it from a conventional loan.  Market appreciation does not enter

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What to do after closing – a short list

You’ve closed, now what? It all started with searching the internet for that dream house, then getting prequalified and uploading bank accounts, tax returns and more. This was followed by viewing properties day after day, then submitting an offer,  probably multiple offers to get the house you want.  Not that you endured that process, you

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Appraisal Contingency Waiver-Good idea or not?

Waiving The Appraisal to Compete with Cash Offers In this seller favored market, buyers requiring a loan are looking for ways to compete with cash offers which have two distinct advantages. One is there is no unfulfilled loan contingency and the second is there is nno appraisal contingency.  In an attempt to  remove concerns over

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