Buying Your First House in Phoenix Arizona - step 6.

Real Estate Agent with eXp Realty SA531754000

Buying Your First House in Phoenix Arizona - step 6. 

Now you are on your way to owning your own place. Exciting! There are a few hurdles to cross still. We'll lay them out here so you're prepared.

  1. Stay in touch with the lender.  There is a ton of paperwork associated with a loan. Lots of behind the scene people impact your loan process. Some, you will never even meet. One of the more powerful decision makers is the loan underwriter. This person looks over the file and makes final judgments about the risk for the bank. You may be asked to send additional documents, copies of checks (front & back), letters of explanation, etc. Sometimes these requests come only a few days before you are supposed to move in! It can be maddening. Keep your composer and abide by the requests. Sometimes on little piece of paper can be the difference between owning and renting.
  2. Don't change your Credit Profile. This means that the lender has approved your loan based on your credit profile. Any changhes such as increased debt could change your status from approved to unaproved. So, don't go buy a house full of furniture, a boat, a new car, or anything else that could change your debt ratio.
  3. Respond to the escrow/title company. The escrow officer is here to fascilitate the transaction. They make sure that the property transfers safely and properly from one person (seller) to the next (buyer). When you receive packets of information from the escrow/title company it is important that you fill out, sign, and return as outlined. They will also arrange for the final signing of your loan documents. Be ready to find a time in your calendar when you can sign the documents.
  4. Get Ready to Move. Once you have a time set to sign your closing docs it's time to be getting things organized in boxes. It's time to find a moving truck. 


Buying Your First House in Phoenix Steps 1 & 2

Buying Your First House in Phoenix Arizona Steps 3 & 4

Buying Your First House in Phoenix Step 5

Buying Your First Home Step 6 



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John Cunningham

Helping Phoenix Sellers and Buyers find each other
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