One of the most exciting experiences you can have is to finally find the home you have been dreaming about for so long, and you make “THE OFFER”.  Then, your emotions can easily turn to fear as you visualize and imagine all the possible things that could ever go wrong !!

The best way to mitigate these “fear” issues is to pre-plan your purchasing process.  The first step in that pre-planning process is to sit down with a mortgage professional and define your home purchasing goals and clarify your financial position.  Whether you are a first time home buyer, buying an investment property, or happily stepping into the jumbo mortgage market, there are definite processes that will make your home purchase transaction easier.  We, at Anasazi Mortgage, will help you discover your purchasing power and instill confidence that your mortgage loan process will flow smoothly.

The general processes are similar in every home purchase transaction, especially if you are borrowing on a mortgage to purchase the subject real estate, but the specific planning methods should be tailored to your personal needs.  Some quick steps are:

1. Know your budget; define a comfortable mortgage payment for your lifestyle.
2. Understand your credit scores and how they impact your mortgage interest rate and available mortgage loan programs.  Go to our Credit Grade Calculator page, if you're not sure about how your credit history has affected your credit scores.
3. Clean up any credit issues, as necessary, to improve your credit scores and your interest rate.  
4. Determine if you need to sell your current home prior to buying and/or closing on the new property; find out what options you have.

5. Get a fully-approved loan, subject to identifying a property.  Know the difference between a pre-qualification, a pre-approval and a fully-approved loan.  You can negotiate a purchase contract more effectively when you've demonstrated to the Seller and/or their Realtor that you are an able and willing buyer.
6. Interview Realtors who can help you sell your current property and find your new property; provide your Realtor with your mortgage loan commitment letter.
7. Request a Comparative Market Analysis (CMA) from your Realtor on the home on which you are contemplating making an offer.  Know how the property in which you’re interested compares NUMERICALLY, not just visually, with other homes in the neighborhood.
8. Make an offer on the “home of your dreams”, then make sure you have a home inspection, upon approval of your offer, in order to avoid maintenance “surprises” and costs after closing.
9. Ask the seller of the property to provide a CLUE report on the home -- the homeowners’ insurance claim information for the past five years.  This report can be obtained by the homeowner on his own property through their current insurance agent. 
10. Shop for your new homeowners’ insurance as soon as possible after your purchase offer has been accepted.  Even if you have had a spotless record with your insurance agent, your application for new homeowners' insurance for the new property could be denied -- or be impacted with a higher premium -- due to claims by previous owners on the property you are planning to purchase.
11. Get ready to MOVE !!

One of our philosophies is that “you cannot worry and enjoy at the same time”.  You can rapidly alternate emotions, but you don’t experience worry and enjoyment at the exact same moment of time.  Our goal is to help you enjoy the process – not worry about it !!

MORE QUESTIONS ??

You can call us for a no-cost, no-obligation consultation, you can request a "Quick Quote" from the top of the page, you can apply online now, email us at anasazi@nm.net, or call us to be pre-approved.  Or you can continue a "do-it-yourself for now" strategy (in which we collect no personal information from you) and:

1. See how your equity and security can grow as a homeowner. Compare the benefits of owning vs. the cost of renting with our Rent vs. Buy Calculator.
2. Determine how much you can borrow and buy with our pre-qualification calculator.
3. Use the Credit Grade Calculator, then pull your own credit bureau information.

JUST REMEMBER:  You're only a phone call or click AWAY from our fast, professional answers.