Approval Letters

Pre-qualification is an informal way to see how much you maybe able to borrow. You can be 'pre-qualified' over the phone with no paperwork by telling a lender your income, your long-term debts, and how large a down payment you can afford. Without any obligation, this helps you arrive at a ballpark figure of the amount you may have available to spend on a house.

Pre-approval is a lender's actual commitment to lend to you. It involves assembling the financial records mentioned in Question 47 (Without the property description and sales contract) and going through a preliminary approval process. Pre-approval gives you a definite idea of what you can afford and shows sellers that you are serious about buying.

Find Out About Your Credit History

There are three major credit reporting companies: Equifax, Experian, and Trans Union. Obtaining your credit report is as easy as calling and requesting one. Once you receive the report, it's important to verify its accuracy. Double check the "high credit limit,"'total loan," and 'past due" columns. It's a good idea to get copies from all three companies to assure there are no mistakes since any of the three could be providing a report to your lender. Fees, ranging from $5-$20, are usually charged to issue credit reports but some states permit citizens to acquire a free one. Contact the reporting companies at the numbers listed for more information.

CREDIT REPORTING COMPANIES

Company Name Phone Number
Experian 1-888-524-3666
Equifax 1-800-685-1111
Trans Union 1-800-916-8800




We would love to hear from you!Send us a message and we’ll get right back in touch.
Stephanie Moser
623-451-6698
stephaniesellsaz@gmail.com
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The Moser Group

The Moser Group

Ph. 623-451-6698
3039 W. Peoria Ave ste 102
Phoenix AZ 85260
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  • 533 Guadalupe Road #2038
    $160,000
  • Bedrooms2
  • Baths1.75
  • Stories2
  • Square Footage828
  • Average Price SqFt$185,000
  • Days on Market38
  • CityMesa
  • Year Built1985

Phoenix Metro Condo Listings

Inventory

9,654
For sale
1,215
For rent

Phoenix Metro Condo Statistics

  • $59,800 - 50 MilPrice Range
  • $151avg price / Sq.Ft.
  • 98 avg days on market
  • Avg % of building is for sale 2.7 %
  • Avg % of building is for rent 0.4 %
  • Avg % of building sold in previous 12 months 2.6 %
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