Posts Tagged ‘First Time Home Buyer’

What is Debt to Income Ratio (DTI)?

Friday, June 12th, 2015

What is a debt-to-income ratio? 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 see how much you can responsibly afford to borrow. Less debt equals […]

How Important Is Your Down Payment on a Home?

Tuesday, June 9th, 2015

How Important Is Your Down Payment on a Home? When buying a home, most people take on a mortgage. There are many things to consider when taking on a mortgage loan, including interest rate, closing costs and the down payment. Once you calculate how much house you can realistically afford, you can start looking at […]

What is Private Mortgage Insurance (PMI)?

Wednesday, May 20th, 2015

What is Private Mortgage Insurance (PMI)? When you buy a new home in Gilbert AZ and you are getting mortgage, your lender will look at the amount of your down payment compared to the sales price. This is to determine your loan to value ratio aka LTV ratio. To calculate loan to value ratio, your […]

The difference between CMA and Appraisal

Friday, May 15th, 2015

The difference between CMA and Appraisal The difference between a CMA and a real estate appraisal report is that one is done by your real estate agent and one is done by a licensed real estate appraiser. A CMA is an estimate of your home’s current value (JUST OPINION) done by your real estate agent […]

What is Good Faith Estimate When Buying Home in Gilbert AZ?

Thursday, May 14th, 2015

What is Good Faith Estimate When Buying Home in Gilbert AZ? The Good Faith Estimate, Defined One of the most confusing aspects of the process for first-time homebuyers is the mortgage. Common homebuyer questions include: Where to get one, how to get one, and what does all that jargon mean? Advice abounds, especially on the […]

Infographic 9 Steps Buying A Home in Gilbert AZ

Thursday, May 7th, 2015

Infographic 9 Steps Buying A Home in Gilbert AZ   Free Gilbert AZ MLS Home Search Gilbert New Homes (New Build) for Sale Gilbert New Listing Homes for Sale Gilbert Just Reduced Price Homes for Sale Gilbert AZ Homes for Sale Under $100,000 Gilbert AZ Homes for Sale $100,000 – $200,000 Gilbert AZ Homes for […]

AZ Home Plus Home Loan Program

Tuesday, April 28th, 2015

AZ Home Plus Home Loan Program | Down Payment Assistance Program The Arizona Housing Finance Authority (AzHFA) operates on behalf of the Arizona Department of Housing to assist creditworthy renters who can afford a mortgage but lack the resources for a down payment. The AzHFA Home Plus Home Loan Program provides an attractive 30-­year fixed-­rate […]

The 6 Steps to Securing a Home Loan

Tuesday, April 21st, 2015

The 6 Steps to Securing a Home Loan From the word “mortgage” to the methods used by lenders to determine how much to loan, the home loan process can be confusing to first timers. In fact, one third of the respondents to a 2011 Wall Street Journal survey of homebuyers said that the most difficult […]

How to Be a Respectful Home Buyer

Tuesday, April 14th, 2015

How to Be a Respectful Home Buyer When a home is on the market, the seller’s privacy goes out the window. It is almost guaranteed that some buyers will open drawers, peek inside cabinets and touch items that are obviously personal and not included in the sale. Coming home from work to find that the […]

What is Comparative Market Analysis (CMA)?

Tuesday, April 7th, 2015

What is Comparative Market Analysis (CMA)? Selling a home is a bit more complicated than putting up a sign, setting a price and praying and hoping to get a buyer to show your home. Although it involves an element of suspense, and is not often a scientific certainty, it should not be a gamble either. […]