Get the latest updates on down payment assistance in Arizona.
Happy Holidays from Down Payment Assistance of Arizona
All of us at Down Payment Assistance of Arizona would like to wish you a Merry Christmas and a Happy New Year! We would like to thank you for making 2018 a great year and for the privilege of helping you purchase or refinance your home. We hope that 2019 is a year full of […] READ MORE
Know Who Is At Your Door with a Smart Doorbell
The holidays are upon us and that means more packages arriving at your front doorstep. In 2017, it was reported that 74 percent of packages were stolen from the front porch during the day while the homeowner was at work. Technology advances can improve the security of your home. Adding a smart doorbell is not […] READ MORE
Sewer Line Warranty: Is it Worth the Money?
I get a water line insurance offer at a minimum of once a year. They tend to come in the mail and look like an “official” notice from your local water company saying something like: “Important Information Regarding Your Water Service Line. Response Requested Within 30 Days.” Many homeowners open the letter because the outside […] READ MORE
So You Want to Be a Snowbird?
Each year, many people migrate from colder regions of the United States to spend the blistering cold months, somewhere warmer. In Arizona, snowbirds are as common as cacti and gorgeous sunsets. While there are many advantages to being a snowbird, there are also challenges and additional expenses to consider before you start packing. Here are […] READ MORE
5 Reasons to Talk to a Loan Officer Before Buying
The hardest thing for many first-time home buyers is just getting started. Some wander around in circles for a while trying to decide what to do. Most people don’t see a lender before they start going to open houses and finding a realtor because they are not sure what the first steps should be, but […] READ MORE
How Long Does It Take to Close on a Mortgage?
The time it takes to close a mortgage loan varies with the type of mortgage, buyer/homeowner situations, and lender processing efficiency. According to Fannie Mae the average closing time for a new purchase is 46 days, and 49 days for a mortgage refinance. A good rule of thumb, however, is to assume that a typical […] READ MORE
What are the Major Motivations for Refinancing a Mortgage?
If you’re a homeowner, you might be hearing everyone, from your neighbors to news anchors, talking about refinancing. For a multitude of economic reasons, refinancing your mortgage loan could be the perfect solution, and it goes well beyond just easing up on the monthly mortgage bill. While rates have certainly gone up since this time […] READ MORE
What’s the Five Year Rule for Buying a House?
When you purchase a house, the general rule is that you want to be sure you’ll be in the same location for at least five years. Otherwise, you’re probably going to take a hit financially. It’s also like many things in real estate; the Five Year Rule is not a hard and fast one. It […] READ MORE
The Underwriting Process
Obtaining a mortgage requires more than submitting an application. An intricate process goes on behind the scenes. The process begins with the loan application, and from there it goes to loan processing and underwriting. The term “underwriting” refers to the process that leads to a final loan approval or denial, which is determined by a […] READ MORE
5 Best Mortgage Calculators
If you’re exploring how to finance a home, mortgage calculators are a great resource. We have all seen our fair share of mortgage calculators over the internet, once you start your search for the perfect home, mortgage calculator ads pop up, and there are many to choose from. But do you know what they are, […] READ MORE
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