Buckeye Custom Homes, 4609 Regent Street

A true one-of-a-kind Custom Gem constructed by renowned builder Vineyard Homes. This Buckeye custom home features mountain and city light views awaiting the discriminating buyer of this gorgeous single level home. A wonderful private view deck featuring fireplace and wet bar sits atop the three car garage. Interior finish details include exposed beams, hard surface floors, stainless steel commercial grade appliances, custom light fixtures and ceiling fans, surround sound and security systems, and handpicked granite & tile surfaces. Window walls open to a professionally designed backyard landscaping and pool paradise, ideal for entertainment. This home is sited on a half acre private homesite in the newest custom enclave known as Regent Hills, yet close to the Verrado Golf Club & Grille and the rest of the amenities on Main Street. For more information on this lovely home, click here!

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For more custom homes like this one, please visit our Buckeye custom homes listings page.

Verrado Custom Home 20991 Canyon Drive

Beautifully crafted Spanish Colonial home built directly across from one of Verrado’s signature parks. This Verrado custom home offers all the custom amenities you would expect to see in a custom residence, gourmet kitchen with all Viking Appliances, travertine tile, wood beams, wine room, media room, center courtyard, central vacuum, and much more. Close proximity to all Verrado has to offer including golf course, shopping, dining, hiking/biking trails and the White Tank Mountains. For more details on this exquisite home, click here!

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For more information on luxury homes in Verrado, visit our custom homes listing page.

Pre Approval Letter – By Cheryl Bolender

PRE-APPROVAL VS PRE-QUALIFICATION

One of the first and most important steps during the home buying process is obtaining financing. Most buyers do not have sufficient funds to purchase their home for cash; as a result, your ability to make that purchase depends on your ability to borrow money.

There are many different types of mortgages available. Each mortgage product varies from the down payment needed to the acceptable debt-to-income ratios and everything in between. How do you know which type of loan is going to be the best for your situation? The answer is simple, getting pre-approved for a mortgage!

It is important to understand the difference between a loan pre-approval and a pre-qualification letter. Most people think that a pre-approval and a pre-qualification letter are the same, and some lenders tend to use them interchangeably, but they are not. It is very important to understand the difference before your home search begins.

Getting a pre-qualification letter is fairly simple. A lender will be able to give you an idea of the mortgage amount for which you qualify for only after evaluating your information such as income, debt, and other assets. Pre-qualification is a quick procedure and is based solely on the information you provide to the lender. It is just the amount you might expect to be approved for. In many cases, the pre-qualification is only as good as the paper it is written on.

Getting a pre-approval requires the lender to take a more in-depth look at your borrowing power. A mortgage pre-approval is a written commitment from the lender to the potential borrower. You will have to fill out a formal application and the lender will then look at tax returns, verification of income, bank statements, verification of employment, and pull the appropriate credit reports/scores. This process does take a little more time and effort than the pre-qualification; however, the extra time is well worth it for all parties involved. Once you get this pre-approval, you will then have a better understanding of a specific mortgage amount you are approved for and the interest rate you will be charged.

There are so many reasons to go the extra step and get your pre-approval from your lender. One important reason, with so much identity fraud on the horizon, is to correct any potential credit problems or errors that you may not be aware of. Another reason is to eliminate disappointment. Unfortunately there are many real estate agents that show homes to buyers without ever knowing what they can afford. This is a disservice to a buyer more than anyone!

But probably the most advantageous reason to get your pre-approval is to stand above your competition. You will have an advantage when dealing with a potential seller or competing with another buyer on a home. In the eyes of the seller, you are considered a “strong buyer” with your pre-approval status, thus a very helpful bargaining tool!

Overall, a pre-approval will give you greater confidence in the home buying process and provide you with more leverage when negotiating with sellers.