So you want to buy a home in the Phoenix Arizona area. Getting pre-approved or pre-qualified for a loan is an important first step. There are lots of reasons getting pre-qualified and approved for a home loan is so critical including:
- Getting pre-qualified for a home loan gives you a sense of how much you can reasonably spend on your new place.
- Home sellers usually require you attach the AAR Prequalification form with your purchase offer.
- Pre-qualifying for a loan can take several days and you may find the home you want is bought by someone else while you go through the pre-approval process. This can be very frustrating and sad.
- Credit issues and problems can be dealt with in advance so the home buying process goes smoothly.
Clients tell us the pre-qualification process is actually pretty simple and painless. Most lenders allow you to submit an application on-line or over the phone. We strongly recommend you work with a local professional who has lots of experience. Naturally, we’ve worked with hundreds of mortgage pros over our 20+ years helping people buy and sell homes. Below are a few we’ve found to be quite professional and easy to work with.
The Urban Team uses the Arizona Association of Realtors residential purchase contract when helping someone buy a home in the Phoenix, AZ area. A loan prequalification form is usually included with the offer. Below we have a short video overview of this form designed to help you become a more knowledgeable home buyer. Knowledge is power and we want you to be the most informed home buyer possible.
Best to you and if I can help you find and buy your next home we would be delighted and honored.
The Urban Team at Realty Executives