First time home buyer: What is the difference between Mortgage Pre-Qualification and Pre-Approval? When you are buying home in Phoenix, your Real Estate Agent may ask you whether you had pre-qualified or pre-approved for mortgage. So, what’s the different between Mortgage Pre-qualification and Mortgage Pre-approved? Photo by Precondo CA on Unsplash What is Mortgage Pre-Qualification? […]
What is seller paid closing cost when buying or selling a home? Closing costs are one of the most confusing and misunderstood parts of the home buying journey. Most first time home buyers are “not” aware of closing cost. This can be a problem for buyers who jump into the homebuying process without budgeting for […]
What is seller closing cost when selling your home in Arizona? When you sell your home in Phoenix AZ, there are fee a associate with selling your home. One of the larger cost of selling home in Phoenix AZ is commission to be paid to Realtors that involved in the transaction. Other than Realtor’s commission, […]
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 […]
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 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.
