If you need a good mortgage broker in az to explain the benefits and drawbacks of each mortgage loan program, I know a guy that provides low mortgage rates and has 22 years of experience :-). www.azcentralmortgage.com... more
There were 2 answers already below, answer is YES. Each situation is unique, of course. Hardest part I found sellers reluctant to accept contingent offers, but not impossible. Out of 3 homes my buyers were interested in 1 seller agreed to contingency. 30% isn't pretty good. That means they ok with waiting when you home sells/closes. Glad to help if you looking to sell and buy. Anastasia... more
Best advice: Know what you want in a house and location. Know yourself. Know your needs. If there's a spouse involved, know your spouse's wants and needs.
Second best advice: Know what you can afford. That is NOT what you might be approved for. Know your comfort level. Just because a lender says you can be approved for "X" doesn't mean that you actually can afford it, or that you can pay it without negatively affecting your lifestyle.
Everything else comes later. Choosing the right Realtor: Extremely important, but that agent won't be able to do his/her job until you've figured out what you want in a house and what you can afford.
Getting pre-approved: Important, but it's important in the buying process, not in actually choosing a home. If you've worked out the second point, above, you're not going to be surprised by what a lender says.
I would think communication and monitoring the market would be important to both buyers and sellers. There are many times, especially during a transaction that the agent needs to be accessible.if they are not, that would be frustrating for either a buyer or a seller.... more
There is "The Teacher Nextdoor Program"...sponsored by the City of Phx.
Its FABULOUS! FREE money to buy a home, ya gotta be a Full Time Teacher and ya gotta buy in the City of Phx city limits...I am an expert in this program, call me we can chit chat a little more.
Well, yes ...meaning you can have the 3.5% FHA downpayment "gifted" to you by a family member. So, its not your money. :) (other peoples money is always fun to get)..he he.
But, if your family is like MY family, they have no money...ha! But its an option. VE (if your a VET) is always no money down.
And the USDA...(yes, like the dairy farmers) but that is for COUNTRY LIVING. IF ya wanna be on the out-skirts of town, that's an option too.
Call me and we can talk more about this...602-647-0047
Im here to help, and IM FREE! (leaves you more money for your downpayment.) :)... more
Rafael got it right. The clue is that you were denied because you won't be moving more than 50 miles away. The lender believes that the new purchase will be used as a rental.
I ran into the same situation years ago. My Realtor and I were able to demonstrate to the lender (to the underwriter) that the new purchase was indeed going to be my primary residences. I don't know if you'll be able to do the same.
There are about 215 Lake Communities in Central Arizona/ Greater Phoenix. Today there are 308 homes on lakefront lots that are availalbe. Check out : http://centralazhomes.com/custom-searches/lake-waterfront-homes-for-sale-phoenix/
On another note Trulia, Zillow, Yahoo and other national sites are frequently out of date and over half of their listings are no longer available. Check out www.CentralAZHomes.com to search. It is updated hourly and you can stay on top of what is really available.
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