Does Prequalification Guarantee Approval in AZ?
When buying a home in Arizona’s East Valley, many wonder if prequalification ensures loan approval. Insights from AndersonTeamAZ.com clarify this as of 03:53 PM MST on Friday, May 30, 2025. What Is Prequalification? Prequalification is an initial step where you provide basic financial information—such as income and debts—to a lender. They estimate a potential loan […]
Prequalified vs Preapproved in AZ Home Buying
When buying a home in Arizona’s East Valley, understanding the difference between prequalified and preapproved is crucial. What Is Prequalification? Prequalification is an initial estimate of how much you might borrow. You provide basic financial details—like income, debts, and assets—to a lender, often online or over the phone. They give you a rough loan amount […]
What Does Escrow Mean in AZ Real Estate?
Understanding escrow is key when buying a home in Arizona’s East Valley. Escrow Defined Escrow refers to a neutral third party holding funds and documents during a real estate transaction. Once you and the seller agree on terms, escrow ensures both parties meet their obligations before the deal closes. It acts as a safeguard, protecting […]
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