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Home Buying in Phoenix : Real Estate Advice

  • All2K
  • Local Info160
  • Home Buying934
  • Home Selling105
  • Market Conditions70

Activity 1,007
Thu May 25, 2017
Karen Peyton answered:
Please see my answer for the similar question you posted and consult your broker with any additional questions you may have.

Good luck to you!
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Thu May 25, 2017
Karen Peyton answered:
This is a complicated question because it depends on whether or not the Seller has taken "action" in their refusal to sell. Without "action" and 10 days left before close of escrow, no breach of contract has occurred (according to what you have written) and they can easily comply with the terms and conditions of the contract to avoid a breach.

Of course your agent is the best person to comment on the events of your transaction and what your recourse as the Buyer may be. Contact them for the exact answer to your question as it relates to your unique and individual circumstance.

Good luck!
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Fri May 12, 2017
Kalesare asked:
I have zero debt, this is what I would like to do. Buy a home with the intention of living in it for a while then renting it out to pay the mortgage. Using my VA loan, I have no doubt I'll…
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Sat Apr 29, 2017
Karen Peyton answered:
The Builder is offering an Incentive (and/or concession) to use their lender. Do you have an agent? Even if buying a new home, you should still utilize the service and expertise of an agent. The question you have posted is just one of many, many, (many) others you will have during the process. ... more
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Tue Apr 25, 2017
Eric W Vander Werff answered:
Hi - what you described will have quite a few moving parts and a little more detail is needed. Feel free to reach out directly if you would like to discuss specifics or please add some more detail in your post so we can give you some direction if that is easier for you. ... more
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Mon Apr 3, 2017
Stutrish answered:
This person is backed to our wall and they have 3 dogs that bark from 6:00 a.m. and up to 10:00 p.m. Also the fly's from this yard are all over our patio and our neighbors as well, 3339 E. Waltann lane.
I have talked to the renters several times about the barking Dogs and have letter's (2) sent from the City of Phoenix Prosecutor's Office of Barking Dogs 2 times... nothing has helped. So it is important we get the owners name so he/she can get the notice of this problem we have been having for over2 years from this family. I'm sure the owner is not aware of this on going problem.
The weeds in the front and back yard are over grown and not kept up. The dogs poop most likely not picked up and we back to their wall. "Flies".
They live in the subdivision Pelten Place L 0T-1-66.
We have the name of Erwin Gregl as owner.

Any help in location this address will be most helpful.
Thank you,

stutrish@cox.net
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Sun Apr 2, 2017
Karen Peyton answered:
Contact a lender to answer you question. My thought is - you can buy, but not as a primary residence. Again, a lender will know for certain. Contact me if you need a referral.
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Sun Apr 2, 2017
DR Mahoney answered:
Really this person wants to move to a progressive area in the Phoenix area. How about some stats on voting results in certain areas? How about Mayors and city council members party affiliations. Call the ACLU Phoenix, the LBGTQ center, Democratic Hqt in Phoenix. This sounds like a very reasonable question. And actually something I'm trying to find out myself. ... more
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Wed Mar 22, 2017
Karen Peyton answered:
Tribal land is leased. Never sold. What, where, and at what price are you looking?

Let me know and I'll tell you whether or not it can be found.
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Mon Mar 6, 2017
Niki Campbell answered:
Hello,

Yes. Absolutely. Anyone can purchase anywhere. I am a loan officer based out of San Diego, contact me today through my profile if you would like any advice on what the best area in San Diego is to live in, the best public schools, ocean views and any other mortgage lending needs.

I look forward to hearing from you.

Niki Campbell
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Tue Feb 28, 2017
Karen Peyton answered:
Lenders use your monthly debt picture to apply ratios and determine a housing payment. Contact a lender and have them determine what you can afford.
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Sat Feb 25, 2017
Jesseroady answered:
If I take out a mortgage without my spouse's signature and later pass away, is she responsible for the mortgage debt then?
0 votes 13 answers Share Flag
Fri Feb 24, 2017
Mandyw489463 answered:
There are plenty of people in Phoenix who do not want a pool. Houses in Phoenix are really increasing in value right now so I would say it is probably a good investment. That and self storage centers which seem to be popping up everywhere. ... more
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Wed Feb 22, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

I actually know Peekskill well as I mostly handle the lower NY area.

Yes, 5% does sound high with that credit score. I should be able to beat that.

The closing costs they would of given you probably include an escrow account. It's hard for me to tell if they are high without knowing more details but as far as the rate goes I'm certain I can beat that and save you some money.

We are a direct lender, we underwrite in 24-48 hours (that's fast) and I'm available almost 24/7.

If you have any questions or would like help with this you are welcome to contact me.
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Tue Jan 31, 2017
Karen Peyton answered:
Your agent is your "go to" person since he/she knows the exact writing of the contract.
That said, if you used the most recent contract of the Arizona Association of Realtors, and did not omit, qualify, limit or define the buyer's loan costs so as to exclude discount points, they can included as "loan costs." ... more
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Sun Jan 22, 2017
Karen Peyton answered:
Sun Jan 22, 2017
Karen Peyton answered:
You aren't saying which fees you are trying to avoid...You can buy without an attorney - instead using a title and escrow company.
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Tue Jan 17, 2017
John Burke answered:
Hi Jrowe80512,

It depends on several factors.

Where did you get your score of 620? Is that your mid score?

How are you paid? Are you hourly or salary? Is any part of your 100K income from overtime, commission or bonuses & if so, do you have a 2 year history of receiving it? Are you self employed? Do you take just the standard deductions on your tax returns or do you itemize your deductions?

How did you calculate your debt to income of 10%? Is this just your current monthly debts or did you add an estimated housing payment?

How much money do you have for your down payment? FHA requires a down payment of 3.5% while a conventional loan will require 3 to 5% down.

If your mid score is 620 as pulled by a lender and your DTI is really 10% based on how a lender will calculate your income and you have enough money for a down payment, then YES you could qualify for a 300K mortgage in Phoenix.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
jburke@gpbankTX.net
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
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