Buying a home in Arizona or California
Start with a budget that leaves room for life after closing. Eric Brasch can help you discuss financing for your next home, from the first questions through the application.
Plan beyond the purchase price
Your down payment is one part of the cash you need. Ask for an estimate of closing costs and any prepaid taxes or insurance, then decide how much savings you want to keep after closing.
For your monthly budget, consider principal, interest, property taxes, homeowners insurance, any mortgage insurance, and homeowners association dues. Leave room for utilities, maintenance, and repairs. A payment estimate is more useful when it includes the expenses you will actually face.
Prepare before making an offer
Bring your target price range, available down payment, preferred timeline, and questions about your income or credit. Tell Eric whether you are buying your first home, moving, or purchasing after a change in your circumstances.
Ask which documents the lender needs and how to send them securely. Do not email Social Security numbers, account statements, or tax returns. Use the secure application or follow Eric’s document-upload instructions.
Compare the complete loan offer
Use the same purchase price, down payment, and loan term when comparing estimates. Ask about the interest rate, annual percentage rate (APR), lender fees, points, mortgage insurance, and cash needed at closing.
Tell Eric where the property is located. He serves borrowers in Arizona and California; the property and your circumstances matter when reviewing options. Ask about current program availability rather than assuming a loan you have read about fits your situation.
Common questions
Does preapproval guarantee the loan will close?
No. A preapproval is not final approval. Ask what the lender has reviewed, what conditions remain, and when the letter expires. Changes to your finances or the property can affect the final decision.
Should I choose the lowest monthly payment?
Compare the full cost and the loan’s terms. A longer repayment period may reduce the payment while increasing total interest. Ask how much you would owe and pay over the time you expect to own the home.
Keep comparing
Mortgage refinance: explore the related guide
Consumer resources
Consumer Financial Protection Bureau: preparing to shop for a mortgage
Educational information, not a loan offer or commitment to lend. Availability and eligibility depend on the lender, program, property, and borrower. Ask Eric about current requirements. Read the mortgage disclosures.
Put your questions on the table.
Talk with Eric about your plans, your timeline, and what you want to understand.