The Bonnie Burke Team
"Integrity Based, Service Driven!"
Cell: (480) 720-8001   |   Email: Bonnie@BonnieBurke.com
Interview a Few Mortgage Brokers
This is an important first step. When it comes to buying a home, you may be ready and willing, but you must find out if you are able! You may be in for a big disappointment if you skip this step. It’s no fun to go out and look at homes, fall in love with one, and then discover you are unable to afford a home in that price range! If you do not have an Arizona mortgage lender to call, I can point you in the right direction.

Get a copy of your personal credit report: www.AnnualCreditReport.com.

You can skip this step and let the lender obtain it, but having it in your hand as you interview different lenders is a real advantage for you. You will know in advance how your credit picture will look to lenders.

Get pre-qualified.

Pre-qualification is the step that determines;

  • how much down payment and closing cost money you will need?
  • what interest rate options and loan programs are available?
  • how much home you can afford?
  • how much your monthly payments will be?
Choose a couple of lenders to interview. Call each one and tell them you are beginning the process of buying a home, and would like to get pre-qualified. Some lenders will handle this over the phone and some will ask that you meet with them in person. In general you can expect the lender will ask you questions about your income, your debts, and your assets. Be honest and accurate. Don't be afraid to mention you are interviewing a few lenders.

Buying a home is one of the biggest financial decisions you will make in your lifetime, so take your time and find the right lender to work with.... you do have a choice in which lender you will use for the loan on your new home!
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RE/MAX Fine Properties
21000 N Pima Road Ste 100 • Scottsdale, AZ 85255
Cell: (480) 720-8001 • Email: Bonnie@BonnieBurke.com
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