Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!  You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. In the pre-qualification process, you will find out: - Exactly how much home or land you can afford. - How much cash you will need for the down payment. - The minimum down payment, and advantages of higher down payments. - What the bank feels you can afford for a monthly payment. I help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. Remember: I will respect your privacy! I know this is your personal information, and I will not distribute it to anyone, other than to my preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of my job as a Chandler, Gilbert and Queen Creek real estate agent to offer services such as these. Once you fill out the form, I will quickly process your information and get right back to you! I can help you pre-qualify for your mortgage. It's my job! This is free and without obligation...
Financing Your Home >More On ARMs
Lenders are always looking for new ways to help buyers get into the home of their dreams. Today they frequently use adjustable rate mortgages (ARMs) to increase the buyer's options. The interest rate on an ARM changes periodically to reflect changes in the national market. Since the loan starts at a rate that is lower than the national average, lenders can reduce the borrower's qualifying criteria.
One way to distinguish between different ARMs is by the national index to which they are tied. Some ARMs are tied to a slow-moving index called the cost-of-funds index; these are usually the most desirable. ARMs that are tied to a more volatile index, such as Treasury Notes, can be adjusted upward at a quicker rate. Look at all the factors before choosing a loan. The faster index loan may start out with lower rates and lower monthly payments, but the slower index ARM may eliminate your concern about having to re-finance down the road.
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What was the first land designated by the US government as a National Park?
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Yellowstone was established "as a public park or pleasuring ground for the benefit and enjoyment of people" in March 1872. |
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Sarah Buchanan
Realty Executives
2450 S. Arizona Suite 1
Chandler, AZ 85286
480-510-0289
Fax: 480-355-8929
Sarah@findanyazhome.com
I have been a realtor for over 11 years in the Arizona market most notably in the Maricopa and Pinal counties. I have accomplished agent of the month for the Chandler-East valley with Remax. My success over the years has been a perfect balance between listings and prospecting for clients to find the house of their dreams. With my vast network of lenders at my disposal, I can assist you in finding the right lender for you to ensure you understand any challenges you may face in the loan process as well as determining what you may qualify for. Call me and Make the Move That’s Right For You.    
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