What is earnest money when buying home in Phoenix Arizona? When you are buying a home in Phoenix AZ, your real estate agent may ask you how much earnest money you are putting down when writing an offer. So, what is earnest money actually and how much earnest money I need to put down when […]
What Escrow means when buying home in Phoenix AZ? You finally found your dream home, your Real Estate Agent had worked hard negotiate the best price, best terms and conditions. Now, I am the home owner right? Not so fast. Once purchase contract is accepted by Buyer and Seller, the next step of home buying […]
Budgeting to Buy a House No matter how good the credit rating, today’s homebuyer no longer has the luxury of buying with little or zero down. Unless you are low-income with good credit, or a veteran, no-down loans are also a thing of the past. Most lenders today want at least 20 percent of the […]
Ways to Take Title when Buying a Home in Arizona When buying a home in Phoenix AZ, home buyer must determine how they wish to hold title before they can close the escrow. Arizona is a Community Property State. There is a statutory presumption that all property acquired by husband and wife is community property. […]
What You Need to Know: What is Consumer Financial Protection Bureau CFPB? For more than 30 yeas, federal laws has required all lenders to provide two disclosure forms to consumers when they apply for mortgage and two additional short forms before they close the home loan. These forms were developed by different federal agencies under […]
What is Buyer’s Agent in Real Estate transaction? Buyer’s Agent Q: Who Represents Home Buyers? A: NOBODY… unless you hire Buyer’s Agent to work with you. Introducing: Buyer’s Agent Services Listing Agents represent seller. Builder Home Sales Associate represent builder. Who represents buyers in real estate purchases? Only Buyer’s Agent and their Brokers represent buyers. […]
First Time Home Buyer: What is Debt to Income Ratio (DTI) When Applying for Mortgage? A debt to income ratio is one way lenders measure your ability to manage the payments you make every month to repay the money you have borrowed. Lenders use your DTI ratio to evaluate your current debt load and to […]
First Time Home Buyer: How Important Is Your Down Payment When Buying a Home in Phoenix AZ? When buying a home, most people take on a mortgage. There are many things to consider when taking on a mortgage loan, including interest rate, closing costs and the down payment. Once you calculate how much house you […]
First Time Home Buyer: What is Private Mortgage Insurance (PMI) When Buying a House? When you buy a house in Phoenix AZ and you are getting mortgage, your lender will look at the amount of your down payment compared to the sales price. This is to determine your loan to value ratio aka LTV ratio. […]
The difference between CMA and Appraisal When you want to sell or buy a house in Phoenix AZ area, one term that you will always hear is CMA and Appraisal. You may ask what are the differences and how it will affect me to buy or sell a home? The difference between a CMA and […]
My commitment to my clients is to ensure your home buying or selling experience are the most rewarding, most cost & time efficient and as stress free process as possible, while maintaining a professional and ethical business.
