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Here is 5 steps to take when shopping for a mortage loan.1. Always get 2-3 names of Mortgage Brokers from which to obtain quotes. Make sure to obtain these referrals from a trusted friend, associate, or real estate professional and set time aside to call them on the same day. 2. Be prepared to tell the mortgage broker (loan officer) about your plan/intentions to purchase or refinance. Have social security numbers, income figures, and down payment information handy. |
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Financing Your 2nd Home or Vacation HomeYou'll need to identify sources for your down payment, since you're not selling your current house and using the proceeds, and you'll need to expect a larger monthly obligation for housing expenses. Work with your lender to create a customized loan program with the best combination of rate, points, and closing costs for your needs. |
Which Mortgage Should I Choose?
Key Questions to Ask Yourself and Lenders When Shopping for a Mortgage!Traditional Fixed Rate Mortgage? Graduated-Payment Mortgage? Adjustable Rate Mortgage? FHA Mortgage? Two-Step Mortgage? You are wondering which kind of mortgage is best. The answer: There is no one correct answer. Deciding which type of mortgage will best fulfill your needs can be difficult. There are so many types of loans and different term lengths. |
Loan Requirements
Here is a list of typical documentation required for a home loan...Copy of Drivers License
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Mortgage Terms
Twenty Terms You Must Know and Understand Before You Sign Off On Your Mortgage!
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Buying a home is a major achievement in most everyone’s life. Pride of ownership, tax breaks and equity are just a few of the many benefits you’ll enjoy with your new home. Your home purchase may also be one of the largest you will ever make.
Mistakes to Avoid
The Nine Most Common Mistakes to Avoid When Obtaining a Home Mortgage!
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You are about to make what will most likely be the largest transaction of your life: your home mortgage. Unfortunately, many homebuyers do not take the time to research some of the little but weighty intricacies of mortgages. Researching the mortgage process takes little time compared to the tens of thousands of dollars it could save you. Secrets Lenders Don't Want You to Know!
The right or wrong decision when signing your home mortgage can mean thousands of dollars difference in interest paid.There are very important considerations to evaluate before you commit to a 15 or 30 year note. For many of us our mortgage payment is the most important financial decision we’ll ever make. Doesn’t it make sense to know as much as possible about the financing of our home? Take the time to thoroughly investigate all of your options! |
Prequalify for an Arizona Mortgage
Today, thanks to our experience and contacts we can refer you to experienced local lenders who will pre-qualify you.When you work with us in the Arizona real estate market, we do more than just show you homes and write up contracts. We work with many local lenders who offer terrific rates and offer a wide array of options to help you finance your home purchase and get the best value for your budget. |
Financing First Home
Each buyer is unique - and we'll help you find out just what you can afford. Your income and your debts will typically play the biggest roles in determining your price range.Here are some good things to know while obtaining financing for your first home. |
Your Credit Report Matters
When considering purchasing your first home, whether you get the mortgage or not, may depend on your credit score.Your score is determined by a network of credit reporting agencies, that either share information with, or are owned by, three major credit bureaus. The bredit bureaus take the information reported by the agencies and turn it into one report. This is your credit report and is what lenders use to determine whether or not to issue mortgages or other loans |