Unless you are one of the rare folks that can pay cash for you home…you will need to get a loan.
Since the “lending debacle” of the years of about 2004-2006…lending has become a whole different world. The days of “stated income” and “no-documentation” loans are LONG GONE. The pendulum has swung WAY the other way. It’s not easy to get financing. Let me re-phrase that…there are some things you have to do. Prove your income. Prove your assets. Prove you have the downpayment. Have decent credit.
There are ramifications for choosing the WRONG lender. Some of them are:
- They SAY they can do the deal…but really are not able to do it in the end. YES…it happens more often than you might think. WHY would they do this? I sure as heck do not know…I guess they just throw mud against the wall and see what sticks.
- They string you along saying “no problem”…until the last minute. The sellers have made plans…YOU have made plans…you have spent money on inspections and the appraisal…and in the end you loan is denied.
- They DELAY the closing past the agreed upon closing date. This puts you in breech of the purchase contract and at risk of losing your earnest money.
- They have HUGE “junk” fee charges
As always… if you are looking for a GREAT agent to help with your real estate needs please e-mail me at Adele@GreaterPhoenixHomes.com or give me a call (or text) at 602-504-3898 or 888-897-7821 x 114. Plus, I have a GREAT search tool on my web site that gives you the ability to search the entire MLS…just like agents do. Very COOL! 
Go to Phoenix Real Estate and check it out! YOU can create and save as many searches as you would like…and it is THE SAME SEARCH I DO AS AN AGENT! You will LOVE it!
THIS IS THE BEST MOST ACCURATE SEARCH OF OUR LOCAL MLS
ATTENTION AGENTS…Is your Real Estate Career or Company taking you where you want to go?
Need MORE business? Need MORE leads? What has your company done for you lately?
Ask Me Why… I joined eXp Realty.
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