12 Things To Consider When Getting A Fixed Rate Loan in the Phoenix East Valley

1. Interest rate.
2. Total number of points (including loan origination fee).
3. Annual percentage rate.
4. Length (repayment term) of loan.
5. How long is the rate quote guaranteed? Explain.
6. Is the loan assumable? If yes, explain.
7. Is there a pre-payment penalty? If yes, explain.
8. Is PMI coverage required? If yes, explain details including initial premium and renewal charges.
9. What will my payment (P&I) be?
10. What are the estimated closing costs of this loan?
11. What fees, if any, do we pay at application? When are the other fees paid?
12. Will my monthly payments include escrow payments? Taxes? Insurance?

Have further questions about acquiring a fixed rate loan in Arizona? I’d be happy to help. Feel free to contact me anytime at 480.235.1377 or pinkertonpropertiesaz@gmail.com.