BUYING A HOME IN ARIZONA

QUICK REFERENCE

®BENEFITS of Using a REALTOR

HOME COMPARISON

LOAN APPLICATION REQUIREMENTS

THE LOAN PROCESS 

PMI FAQS

WHAT TO AVOID DURING THE LOAN PROCESS

TYPES OF LOANS

SAMPLE MORTGAGE PAYMENT

RENT vs BUY

THE ESCROW PROCESS

ESCROW SERVICES

CLOSING COSTS: WHO PAYS WHAT

CLOSING YOUR ESCROW

WHAT I S TITLE INSURANCE & WHY YOU NEED IT

TITLE POLICY CHART & WAYS TO TAKE TITLE IN AZ

RED FLAGS IN THE ESCROW/TITLE PROCESS

TERMS YOU SHOULD KNOW

DIRECTORY OF SERVICES

PLANNING YOUR MOVE

SAMPLE PURCHASE CONTRACT

SAMPLE BUYER ADVISORY

ARIZONA ZIP CODE MAP

WHAT TO AVOID DURING THE LOAN PROCESS

DO NOT CHANGE JOBS
A job change may result in your loan being denied, particularly if you are taking a lower paying position or moving into a different field. Don’t think you’re safe because you’ve received approval earlier in the process, as the lender may call your employer to re-verify your employment just prior to funding the loan.

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DON’T PAY OFF EXISTING ACCOUNTS UNLESS THE LENDER REQUESTS IT
If your Loan Officer advises you to pay off certain bills in order to quality for the loan,
follow that advice. Otherwise, leave your accounts as they are until your escrow closes.

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AVOID SWITCHING BANKS OR MOVING YOUR MONEY TO ANOTHER INSTITUTION
After the lender has verified your funds at one or
more institutions, the money should remain there
until your escrow closes.

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DON’T MAKE ANY LARGE PURCHASES
A major purchase that requires a withdrawal from your verified funds or increases your debt can result in your failing to qualify for the loan. A lender may check your credit or re-verify funds at the last minute, so avoid purchases that could impact your
loan approval.