Mortgage Blog | Arizona Mortgage Broker

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Divorce housing scenarios – Selling the marital home and buying a new home

Part 3 of the E5’s Divorce Mortgage Guidance series covers selling the marital home and finding a new home. Selling the old home is the most common outcome and can also be the easiest solution. In this case, the next decision is to rent or buy a new house. Selling the house and splitting the […]

Divorce housing scenarios – Retaining the marital home

Part 2 of E5’s divorce series covers one spouse retaining the marital home. This Divorce Mortgage Guidance series focuses on navigating the credit, income, and home financing process during divorce. There are many living scenarios after divorce. Both partners may opt to sell the marital home and go find new homes to buy or rent. […]

Divorce – where will you live?

One of the most significant questions when considering divorce is “where will you live?” E5 developed this multi-part series on navigating the credit, income and home financing process during divorce. E5 Home Loans Divorce Mortgage Guidance Series Part 2 – Divorce Housing Scenarios – Retaining the Marital Home Part 3 – Divorce Housing Scenarios – […]

Closing on your Loan

Your loan is approved, and it’s time for the closing. Here’s what to expect leading up to and during the stages of closing on your home loan. Be aware, this process differs from state to state. Depending on where you live, your closing agent may be an attorney or an escrow company. Your real estate […]

An Outdoor Living Remodel Can Pay Off When You Sell

Redoing a kitchen and bathroom makes it easier to sell your house with new cabinets, sinks and more exciting countertops, but an outdoor living remodel is a good investment, too. Every year Remodeling Magazine puts out a Cost vs. Value Report of household improvements. In 2022, the magazine said a $28,000 remodel of a kitchen […]

Making an Offer – Part 2 Contingencies

Conditional/Contingent Offers You’ve made an offer and negotiated a purchase price, so it’s time to learn about the contingencies that impact a home purchase contract. When you make an offer, you might make a conditional or contingent offer. This means that your offer is only valid if another condition is met. Common contingencies include passing […]

Making an Offer – Part 1 Homebuying Tips

Making an Offer You finally found the perfect home and it’s time to place an offer. Your real estate agent will guide you through this process, but as the buyer, you have the final say in the offer and negotiations. Initial Offer Your initial offer is often your first contact with the seller. This is […]

What is Mortgage Protection Insurance?

When you close a loan, don’t be surprised to see your mailbox explode with Mortgage Protection Insurance (MPI) offers. These offers follow closing on a new home purchase, a refinance, or even a Home Equity Line of Credit. So, what is Mortgage Protection Insurance, and why do homeowners get all these solicitations? Who is sending […]

Getting Pre-Qualified/Pre-Approved to Buy a Home

What is Pre-Approval/Pre-Qualification? A Pre-Qualification letter is one of the most important documents you need when shopping for a home. Some real estate agents will not even show you houses without one. Certain states require buyers to have one submitted with a purchase offer. E5 Home Loans helps explain the difference between a “pre-qualification” and […]

House Shopping Tips

Here are some quick shopping tips to help make the process easier This is the fun part where you and your real estate agent will look at homes. It is easy to get overwhelmed during this part of the process, so there are a few things you can do to make the process easier. Deciding […]