What is Mortgage Recasting? When homeowners looking to reduce their monthly mortgage payments, they often consider refinancing their homes. The issue with refinancing is that it resets the clock on your mortgage and may extend your payments over a longer period of time. While you save monthly, it may cost you more in the long […]
2023 Conventional Loan Limit in Arizona Starting January 1 2023, the 2023 conventional loan limit in Arizona Maricopa County for single-family properties will be $726,200. This means home buyers using (3% down payment) can buy at a maximum purchase price of about $748,659! This is great news for Arizona home buyers planning to use the […]
2023 Arizona FHA loan limit The department of Housing Urban Development (HUD) announced an increase FHA loan limit in Arizona for 2023. Starting January 1 2023, the new 2023 FHA loan limit in Arizona for single-family properties in Maricopa county will be $472,030!!! Which means that the minimum purchase price with 3.5% down will be […]
What You Need to Know About Post Possession In current market conditions in Phoenix area, we seen seeing more and more sellers are asking for post possession when selling their home. Post possession is when seller asks the buyer for permission to remain in the home for a short period after the close of escrow. […]
What you need to know when buying a home with hauled water system Hauling water is not uncommon in many parts of Arizona. Typically, these hauled water systems are used for homes that are not connected to either a city/private water system or private well. What is hauled water system The basic components of the […]
What you need to know about inspection contingency when buying a house in Arizona? One of the important task or process of buying a house in Arizona is home inspection. Because inspection is so important, Arizona Department of Real Estate has include inspection contingency clause into standard Arizona Residential Purchase Contract section 6. Inspection contingency […]
What you need to know about appraisal contingency? Buying a house can be risky and expensive. Once you have made an offer on a house and it is accepted by the seller, you’re both bound to a legally binding agreement. As the buyer, if you back out for a reason that not allowed in the […]
How Much Down Payment Do I Need to Buy a House in Arizona? When you buy a home, one of the biggest up-front cost is the down payment. Down payment is the portion of the purchase price that you pay upfront at closing. Generally, if you put less money down on for a home, your […]
How to Buy a House with Bad Credit? Buying a house with bad credit or low credit score can be challenging, but it’s not impossible. Buying a house requires having money for a down payment, a solid credit profile and a steady income. You will also need to meet the lender’s minimum credit score requirements. […]
FHA Appraisal Checklist with FHA Loan If you are using a FHA loan to buy a house, one of the contingency is the property must pass a FHA appraisal. The FHA appraisal has 2 jobs: to determine the current market value of the property and the to make sure the house meet certain safety standards […]
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.
