You may ask: What is Escrow Account when buying home? When you buy a home in Phoenix AZ with mortgages, you typically pay extra money into escrow accounts every month, along with their home loan payments. When you open an escrow account for your mortgage, the mortgage company will make payments on your behalf for […]
Top 3 Real Estate Deal Killers When Buying a Home The way some people talk, it would take a miracle to make it from a signed purchase agreement to the closing table. But in reality, most real estate transactions go through with nary a hitch. Those that do hit snags, however, run the very real […]
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 […]
How does real estate agent get paid in a real estate transaction? When you are buying or selling your home, you’re likely to work with a real estate agent for your transaction. It is helpful to know how your Realtor is compensated, this will help you determine the best way to work with your agent. […]
Budgeting to Buy a House in Arizona 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. Photo by Tierra Mallorca on Unsplash Most lenders […]
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. Photo by MART PRODUCTION on pexels 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 […]
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 […]
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.
