lender that will walk you through the home buying process and understand the market here in Arizona it can make your home purchase a great experience. As a qualified mortgage specialist in Arizona I look forward to helping you with your home buying experience. Here are a few tips on how to buy a home the first time in Arizona the right way:
First Time home Buyer in Arizona. – Being a first time home buyer in Arizona can be a difficult experience with a lot of uncertainties. However, if you work with aPre-qualify: Making sure that you qualify for a mortgage will allow you to find out where you stand financially. Some buyers that I work with think they qualify for a mortgage when they don’t and others will think they can’t qualify when they indeed do. Here is what information the Bank will want when we pre-qualify you to become a first time home buyer in Arizona:
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Contract Accepted… What Next?
Once your contract has been accepted here in Arizona we here at VIP Mortgage will then start the loan approval process. We will submit all your information that we gathered at the beginning of the pre-approval process to the bank along with the title report, insurance and we will order the appraisal. All this inforamtion will be submitted to the Bank for underwriting approval The underwriter at the bank will verify all the information and approve the loan once all the necessary paperwork has been received.
Closing – Fund & Record
From this point the closing documents will be ordered, prepared by the bank and sent to the title company where you will then be scheduled to sign the paperwork. The title company will then return the paperwork to the bank for final review and the loan will Fund. Funding a loan means that the Bank has had all its requirements satisfied and they have ordered a wire of the money to be sent to the title company. Once the wire is received by the title company they will then record the deed with the county and the keys will be available for you and the home is yours. You will now be a first time home owner in Arizona.
First Time Home Buyer Questions & Answers – provided by HUD
Why should I buy, instead of rent?
Can I become a home buyer even if I have had bad credit?
Should I use a real estate agnet in Arizona? How do I find one?
In addition to the mortgage payment, what other costs do I need to consider?
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