It is not just first-time homebuyers in Arizona that need to make informed decisions when applying for home loans; any homebuyer can benefit from knowing what is new in the mortgage lending world. Asking some important questions before applying for a home loan can...
Marriage, having children, and landing your dream career are a few of the major landmarks in most people’s lives. Another landmark is filing a mortgage and starting on the path towards homeownership, and it’s an important part of all the others. If...
Your debt-to-income ratio (DTI) is a calculation that shows how much debt you have compared to your income. It’s an indicator of your financial health and illustrates you’re spending beyond your means. The debt-to-income ratio is an important factor that...
With home mortgage interest rates lower than they’ve been in quite some time, many people, especially first-time homebuyers, are considering making the jump from renting to purchasing a house. Getting started can be confusing, and there’s a lot of details...
Purchasing a home is a huge milestone. Most people require a mortgage when buying a property. The mortgage approval process can be quite complicated, especially for first-time homebuyers who don’t know what to expect. Understanding what factors are important to...
Usually your lender will order the appraisal after you have negotiated any repairs during the inspection period, but you, your Realtor, and your loan officer should discuss this and be on the same page. This is one of biggest challenges people face in working with...