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
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
2022 Phoenix Real Estate Market Update The Phoenix real estate market in 2022 was quite a ride! Appreciation in the first half of the year was followed by falling prices in the last 6 months. The result was that prices at the end of the year were roughly where they began at the first of
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
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?
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
How Much House Can I Qualify For? Have you ever wondered how lenders calculate how much you can qualify for when you’re looking for a house? What do they take into account? Income, debt, monthly obligations? Are you getting prequalified for an amount that you can’t afford? These are all questions that would be good
How’s the Phoenix Real Estate Market started off in 2022? Has the trend of multiple offers within 48 hours waiving appraisals and inspections continued through the first half of 2022? What has the increase in interest rates done to buyer demand in the Phoenix real estate market? And has this affected home sale prices throughout
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
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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Gilbert, AZ. 85233
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