Phoenix Mortgage Blog
Articles on buying a home for buyers and homeowners across Phoenix, Scottsdale, the East Valley and the West Valley.
In the Phoenix metro, most move-up buyers should line up financing before they list, because selling first gives you the strongest offer and the cleanest approval, while buying first only works when you can carry both payments or use a bridge, HELOC or recast strategy.
Read the article →Hazard insurance is the portion of a homeowners policy that covers physical damage to the structure, and it is the only part your lender legally requires; homeowners insurance is the broader package that adds liability, personal property and loss-of-use coverage.
Read the article →You can absolutely finance a for-sale-by-owner purchase, but without a listing agent you take on the disclosure, title, appraisal and contract deadlines yourself, so a licensed lender and an Arizona title company should be involved before you agree to a price.
Read the article →Homeownership builds wealth through four mechanisms at once — principal paydown, appreciation, a housing payment that stops rising while rents do not, and tax treatment — which is why owners in the Phoenix metro typically accumulate net worth faster than renters at the same income.
Read the article →Tell Jim what you are trying to accomplish. He will help you understand the numbers, compare your options and determine the right next step.