Great news – you’ve decided to buy a house! Rates are low, but so is inventory, so having a strong buyers agent is essential. I’m here to help.
So, first step? Let’s get you pre-qualified. That proof of the ability to purchase is part of the Arizona contract, so is an important first step. It also helps guide you as to what your price point is, as well as your payment, so we can focus on the right numbers for you.
Below is a link to Andrea Johnson of Altitude Home Loans. I trust her knowledge and abilities and have known her for many years. You’ll enjoy working with her and as a mortgage broker, she has the ability to shop for the best program for you.
*****12 Commandments for Obtaining a Home Mortgage*****
You shall not:
1. Change jobs, become self-employed, or quit your job
2. Use credit cards excessively or let your accounts fall behind
3. Buy or lease a car, truck, or van (or you may be living in it!)
4. Spend money you have set aside for closing
5. Omit debts or liabilities from your loan application
6. Forget to pay your bills on time
7. Buy furniture (the time to buy new furniture and appliances on credit is AFTER you own the home, not before)
8. Originate any inquiries on your credit
9. Close any open credit cards or open new credit cards (even if you’re getting 20% off)
10. Deposit nor transfer large sums of money without FIRST checking with your loan officer
11. Change bank accounts
12. Co-sign a loan for anyone
*10 days prior to closing, we must verify your credit and employment. That report will show if you have incurred any additional debt which could affect your loan approved.
Be Careful With Your Finances.
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.