Latest Articles

A Guide to Seller Concessions

Seller concessions are growing in popularity as we move to a balanced housing market. Sellers saw buyers paying $10,000 over list price a few months ago to seeing a median price reduction last week of $10,100. What might be more surprising is only 15.9% of active listings in Phoenix, AZ had price reductions. However, 44.5% […]

Important Things to Remember When Moving

If you found yourself reading this, you’re probably moving. Before you do, here are some important things to remember when moving. Changing your Address When you move, you are responsible for handling the change of your address on all of your accounts and documentation.  The first thing to do is to let the U.S. Postal […]

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 […]

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 […]

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 […]