Tucson AZ Archives - HomePlus Mortgage

June 26, 2018

Getting the Best Deal on Home Loan, Tucson, AZ

One of the biggest financial decisions you can ever make in life is to make a home purchase. It involves some serious amount of money and thus, should merit careful planning and intelligent decision-making. It’s a matter that you cannot afford to fail. Fortunately, with prior research on tips on how to find the best deal, along with the guidance of a highly qualified advisor, you can be in a better position to get the best mortgage in the market today. Finding a reliable mortgage company that works for your home loan, Tucson, AZ, is an important step to succeed in that home purchase. Companies like yours truly, the HomePlus Mortgage, have access to a wide network of lenders, which helps borrowers increase their chances to get the best deals available in the mortgage industry today. In your quest for a home loan, Tucson, AZ, it is crucial that you come well-prepared when you finally sit down with your mortgage broker. Here are some factors that can increase your chances of getting approved in your new home purchase loan application: Healthy credit score. Most lenders consider a credit score of 600 as their baseline for home loan approval. Other lenders (e.g. a select credit union, local banks) have put minimum credit score requirements at 720 or above. But how is your credit score computed? It is based on these factors: payment history, utilization ratio, the length of credit history, new credit, as well as the types of credit in use. […]

August 31, 2018

Why Hire a Professional for Refinance Home Loan, Tucson, AZ

The mortgage industry can be a so-complex environment most especially for first-timers. That is the reason why a lot of people are seeking the help of a professional for refinance home loan, Tucson, AZ. Indeed, they do it for the right reason; the strategy can be quite advantageous in so many ways and here are some of them: Professionals follow a standard process. Why is it imperative to follow a standard procedure? Because standard procedures are made out of careful evaluation. In other words, it is a proven and tested process for a more effective search of the best loan option available in the market today. Here at HomePlus, for instance, we have a proven effective step-by-step process that our professional mortgage brokers religiously follow in order to deliver the best results. They are an expert in handling the job. A professional refinance home loan, Tucson, AZ, most especially those whose experience is decades-length, are an expert in handling mortgage loan applications. The more skilled they are, the better they can deliver the service you deserve. Many brokers handle mortgage applications on a day-to-day basis. With that frequency, you are assured that they know the drill quite well. They have access to a wide network of lenders. Mortgage brokers, including HomePlus, have an access to a wide network of lenders. This means that they can pool the most comprehensive information available in the industry, letting you make better decision based on the array of choices. For example, they can compare […]

October 27, 2018

Four Areas to Work on To Increase the Chances of Getting the Best Mortgage Rates, Tucson, AZ

Mortgage rates, Tucson, AZ, are dynamic; they keep on changing from time to time. This is one of the reasons why many homebuyers consider searching for the best mortgage deals available a challenging task. However, if you are prepared and armed with correct information, the process of getting the best mortgage deal can become a lot easier. In this post, we are sharing some important tips to take into account in order to find the best mortgage rates available in the market today. Consider the following: Make your credit score healthier. Credit scores are used by lenders in measuring how responsible you are in your finances. That is, the higher your score, the better your chances of getting the best mortgage rates, Tucson, AZ. Improving your credit score may take some time, but it is worth the wait when you are saving some serious amount from mortgage rates. But how you can make it healthier? Paying your debt on schedules, keeping credit reports accurate, fixing late payments, fixing credit utilization ratio are some of the things you can do to improve your credit score. Figure out how healthy your finances are when it comes to debt-to-income ratio. There are two faces of debt-to-income-ratio. One is the back-end ratio, which calculates the total of all of your monthly minimum debt payments and your proposed new housing payment, divided by your stable monthly income (gross). The front-end ratio, on the other hand, takes aim at housing costs only (all other debts not […]