What is mortgage loan pre qualification or pre approval in Phoenix AZ?

prequalify for a home loan in phoenixSo 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.

pre approvalClients 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.

Judy Giel
Guild Mortgage
480-204-7285
jgiel@metlife.com

Bridget Valenciano
Summit Funding
480-390-0046
bridget.valenciano@summitfunding.net

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.

A VIDEO TUTORIAL OF THE AAR PREQUALIFICATION FORM FOR BUYING A HOME IN PHOENIX AZ

A video tutorial of the AAR loan prequalification form. Forms may change without notice.

Best to you and if I can help you find and buy your next home we would be delighted and honored.

Ron Urban
The Urban Team at Realty Executives
602-234-5777
Gene@UrbanTeamAZ.com

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