Scottsdale Homes and Real Estate

Scottsdale Arizona Home Mortgages

When buying a home, the first step is to determine what you can afford, since price will most likely be a deciding factor in the size, features and location of your new home. A good way to begin is by creating a simple budget, outlining your monthly income and expenses. Keep in mind, whatever amount you're currently spending in rent will be applied toward your new monthly mortgage.

As you decide what monthly amount you can afford, be realistic with this number and consider how much you will be able to use as a down payment. The higher your down payment, the lower your monthly payments will be. On the other hand, the lower your down payment, the less money you will have "tied up" in your home.

Your Ideal Home

Once you've set your price range, the next step is to determine your minimum requirements, such as square footage, number of bedrooms, school district, parking availability, etc. Next, you'll want to tour locations and neighborhoods, to decide in which area you'd like to live. This information will assist your real estate agent in further narrowing your search, so that you will only look at homes that meet your specific needs.

If you're having trouble determining what price range you can afford, give Steve Coker a call at 602-790-3732 or email him at scoker@remax.net for a free consultation. Steve is not only a certified Realtor, he's an Arizona native. Steve will help you get prequalified for a loan and assist you in finding a lender for your Scottsdale, Arizona home mortgage. Steve Coker and his team will guide you through the home shopping process from start to finish, and he's waiting for your call now.