The First-Time Home Buyer’s Guide to Getting the Best Possible Mortgage Rate

The First-Time Home Buyer's Guide to Getting the Best Possible Mortgage RateWhether they’re found online or heard from family and friends, there are so many mortgage tips out there that it can be hard to know exactly how to proceed. But, if you’re new to the market, there are a few surefire things you can do to get a mortgage rate you’ll feel good about. For some of the best tips on getting a great loan, look no further than the following.

Know Your Credit History

It’s a simple fact that one of the most important factors in your mortgage application is your credit history, so good or fair, it’s important to be aware of where you stand. While the acceptable credit score for mortgage approval can fluctuate, the best rates are often available to those with a score that is higher than 760. In order to improve your chances, get a copy of your credit report and pay attention to any discrepancies that might be in it. These can have a negative impact on your score and your application, so you’ll want to have them revised if they’re incorrect.

Save Your Down Payment

It’s not a requirement of mortgage approval to put 20% down, but a down payment of this size will lower your debt-to-income ratio and will make you a more solid bet for the lender. By having 20% in the bank to go towards your home investment, you will also be able to qualify for a lower rate. Not only this, you will not be required to pay mortgage insurance which means a lowered monthly payment and a higher disposable income in the event of market fluctuations.

Consult With A Mortgage Professional

You may want to pursue a mortgage on your own, but having a professional to help you with the process can be beneficial for a number of reasons. A mortgage expert will not only be aware of market conditions, they will have a relationship with the lenders that means they may be able to get you a rate you wouldn’t be offered on your own. While you may want to go it alone, there are benefits to consulting a professional.

There’s a lot involved in the mortgage process, but by putting 20 percent down and having a good credit history, you’ll be well on your way to a great rate.

What’s Your Home Worth?

Search for Your New Home

7046 N 59th Place Paradise Valley, AZ 85253

$12,800,000
7 Beds
13 Baths
17,703 SqFt
Status Active
MLS # 6207665
Property Type Single Family - Detached
Price Type --
PERCHED HIGH ON THE SOUTH SIDE OF MUMMY MOUNTAIN LIES ONE OF PARADISE VALLEY'S MOST LUXURIOUS RESIDENCES. OFFERING THE MOST UNIQUE INDOOR/OUTDOOR LIVING EXPERIENCE THAT IS TRULY UNRIVALED. NEWLY ENHANCED GAME ROOM, THEATER ROOM AND ADDITIONAL BEDROOM. CUSTOM BUILT IN 2014 WITH A GRACIOUS FLOOR PLAN, HIGH CEILINGS AND OVER 17,000 SF, THIS HIGHLY DESIRABLE ESTATE OFFERS 7 GRAND BEDROOM SUITES, 13 BATHROOMS AND UNMATCHED VIEWS OF CAMELBACK MOUNTAIN AND SPARKLING CITY LIGHTS. AS YOU ARRIVE AT THE GATED RESIDENCE, A LARGE PAVER COURT PROVIDES AMPLE PARKING SPACE FOR YOU AND YOUR GUESTS AS WELL AS A 6-CAR GARAGE. PRIVATELY GATED ESTATE WITH AMPLE PARKING FOR OVER 12 CARS AT ANY TIME. EXQUISITE DETAIL THROUGHOUT THIS TREMENDOUS ESTATE FROM THE MOMENT YOU DRIVE THROUGH THE GATE. FROM THE

5950 E Valley Vista Lane Paradise Valley, AZ 85253

$12,750,000
7 Beds
10 Baths
12,295 SqFt
Status Active W/contingency
MLS # 6151640
Property Type Single Family - Detached
Price Type --
With state-of-the-art 2019 renovations and upgrades by John Schultz, a beautifully re-envisioned and chic interior by Donna Vallone, and pristine landscaping by Berghoff Design, this 2 1/4 ACRE Very Private Estate exudes cool sophistication and boasts stunning FULL CAMELBACK MTN VIEWS! Multiple French doors frame Camelback Mtn and open to the HUGE Backyard with expansive green lawns, a fully tiled pool, cabana, sport court, putting green, private jogging path + flower gardens. Highlights include 16-Ft ceilings, a FULL 2BDRM GUEST HOME, SEPARATE EXERCISE BLDG (or 2nd guest house), 2 family rms, White Designer Chef's Kitchen, an elegant 2 story library, white Carrara marble bathrms, 2 huge outdoor entertainment patios, + groin vaulted ceiling in hallways. Upgrades include New Cabinetry,

20715 N 103rd Place Scottsdale, AZ 85255

$12,750,000
5 Beds
7 Baths
12,797 SqFt
Status Active
MLS # 6199955
Property Type Single Family - Detached
Price Type --
Welcome to luxurious modern Mediterranean living! Spectacular estate designed by renowned Architect Dale Gardon and unrivaled quality built by Salcito Custom Homes, offers 13,000 total SF w/4 beautiful en suite bedrooms (1 an office), chef's kitchen, elegant entertainment room w/ silver leaf ceilings, 8 fireplaces, wine room, exquisite chandeliers (hydraulic!), 2 laundry rooms, elevator, unique shoe boutique; list of thoughtful amenities goes on! Adjacent are sophisticated guest quarters including a spacious bedroom, bathroom, full spa/exercise & entertainment areas. There are formal European gardens, fully equipped barbeque pavilions, water features, pool, 6 auto garages w/ gated auto court, surrounded by majestic mountain and golf course views......

5629 E Joshua Tree Lane Paradise Valley, AZ 85253

$12,500,000
5 Beds
7.5 Baths
10,509 SqFt
Status Active
MLS # 6218424
Property Type Single Family - Detached
Price Type --
EXTRAORDINARY HOME, AMAZING VIEWS, AND PRIME LOCATION. This immaculate hillside contemporary home offers breathtaking views of Camelback Mountain and is situated in a prime location in the heart of Paradise Valley. Ideally positioned, the fortunate new owner will cherish the picturesque views from inside the home, atop the rooftop lounge, and while enjoying the amenities of the resort-style backyard. The negative-edge pool, outdoor fireplaces, fire-pit, and fire and water features, harmoniously create an ambiance of relaxation and beauty. Whether dining alfresco, lounging poolside, resting in the fireside spa, or gathering around the outdoor kitchen and bar, the fortunate new owner will have many wonderful opportunities to create lasting memories with family and friends.

10995 E Wingspan Way Scottsdale, AZ 85255

$12,000,000
5 Beds
8.5 Baths
10,658 SqFt
Status Active
MLS # 6218123
Property Type Single Family - Detached
Price Type --
Supreme Luxury and Architectural appointments at the finest are on display throughout this ''One of a Kind'' Masterpiece Property. Located in the Upper Canyon of Silverleaf situated on one of the best elevated mountainside lots in the community provides unobstructed views of mountains, citylights and the splendor of the priceless ever changing Arizona sunsets. 14 custom fireplaces, 2 firepits, 2 spas, 4 water features, walnut floors, RYSSO Peters cabinets throughout, 7 car garage w/lift options for 2 bays making for a total of 9 cars. French European kitchen and so so so much more. Everything about this property is grand. The views are simply amazing from every room. Prepare to be humbled and overly impressed.

9820 E Thompson Peak Parkway Unit 826 Scottsdale, AZ 85255

$11,900,000
7 Beds
10 Baths
9,760 SqFt
Status Active
MLS # 6251505
Property Type Single Family - Detached
Price Type --
Located in the prestigious country club neighborhood of DC Ranch, this Bing Hu masterpiece raises the bar for excellence. A stunning 9760 sq ft contemporary backing to open space and attracting dramatic views, will surely capture the attention of discriminating buyers. The quality of finishes and thoughtful floor plan are expected and don't disappoint, from the 7 en suite bedrooms, office, media room, play room, game room, wine room, bar and detached 7th bedroom and gym. Equally well planned is the large pool and spa, outdoor kitchen, expansive grass area and large covered patios. Currently under construction, this home is estimated for completion 12/21. Call for a private tour or for more information on finishes and amenities. Elevation and floor plan in documents tab.

10387 E Robs Camp Road Scottsdale, AZ 85255

$11,700,000
5 Beds
12 Baths
13,068 SqFt
Status Active
MLS # 6184269
Property Type Single Family - Detached
Price Type --
Located in the exclusive and highly sought-after Upper Canyon of Silverleaf, this spectacular custom-built estate is 2021's finest offering. Built in 2007 and remodeled in 2017, this authentic rural Mediterranean home reveals timeless style and exquisite desert living. The exterior elevation captures the vision of Silverleaf's iconic genre while the newer interiors capture current trends of easy transitional living. 13,608 sq ft, 5 bedrooms, 12 bathrooms, elevator, movie theater, game room with stage and formal dressing room, walk in wine cellar featuring private dining area, beautiful spa including hair salon, massage area and pedicure stations, large gym with beautiful valley views, custom 8 car underground drive through garage, and spacious 1,100 sq ft guest house with full kitchen.....

6742 N 48th Street Paradise Valley, AZ 85253

$10,850,000
5 Beds
6.5 Baths
8,300 SqFt
Status Active
MLS # 6251748
Property Type Single Family - Detached
Price Type --
This 3+ acre perfectly situated estate in the heart of Paradise Valley is one of the most perfect settings you could find for your family home. This type of location is nearly impossible to duplicate in today's market with its unobstructed one of a kind complete views of the entire Camelback Mountain with the best of everything throughout the home. The open family room kitchen area is set up for a perfect family gathering area. The finishes and fixtures throughout are unmatched with their warm and lovely quality. There is a bonus room, theater room,,large living room, beautiful wood panel office, very large bedroom wing and a separate guesthouse. Fireplaces and patios surround the home both inside and out and all of these patios have beautiful views and privacy and it has the most

41917 N 101st Place Scottsdale, AZ 85262

$10,850,000
6 Beds
9 Baths
8,766 SqFt
Status Active
MLS # 6156863
Property Type Single Family - Detached
Price Type --
Exceptionally designed contemporary home by award winning PHX Architecture, Scottsdale/Beverly Hills.See Floor Plan in Document section. Home to be built by award winning Platinum Companies, which has completed over 100 luxury custom homes within Desert Mountain!! Soon to be the ''Crown Jewel'' of Desert Mountain, situated on Lot 100, an elevated Developer Designated ''Flagship Home Site'' in the centrally located village of Saguaro Forest.This home will boast unparalleled 360 degree views!! This WOW Factor home design includes on the main level: Luxury Master Retreat, 4 en-suite guest bedrooms, Bonus/Craft Room (or flex 6th bedroom), Great Room open concept floor plan with Dining, Modern Chefs Kitchen, Butler Prep Kitchen/Pantry, Full-Service Bar, Game Room, Office, Exercise/Yoga Room.

6126 E Joshua Tree Lane Paradise Valley, AZ 85253

$10,100,000
6 Beds
8 Baths
8,196 SqFt
Status Active
MLS # 6246224
Property Type Single Family - Detached
Price Type --
The pinnacle of luxury, quality and privacy join in this Modern Mediterranean home - where modern architecture meets Mediterranean design and located in the most prime Paradise Valley neighborhood. Setting a new standard in Paradise Valley, this is the latest project from the dream team of Temac Development, Candelaria Design Group and Refined Gardens. Designed for today's family this home literally has it all, from the large-scale great room, outstanding kitchen with full back kitchen and butler's pantry, a private office, 5 en-suite bedrooms, including an entire elevated guest suite with balconies open to Camelback and Mummy Mountains. The master suite with fireplace also includes 2 large separate closets, his and hers water closets and fantastic views to Mummy Mountain.

5837 N Palo Cristi Road Paradise Valley, AZ 85253

$10,000,000
7 Beds
8 Baths
12,261 SqFt
Status Active
MLS # 6148731
Property Type Single Family - Detached
Price Type --
Spacious, Privately Gated, European Style Grounds on just over 3.5 acres. This Paradise Valley Estate views Camelback Mountain (Praying Monk) and the Squaw Peak. Its backyard offers Olympic size Pool/Spa, Bocce Ball Courts, putting green, sand volleyball, in ground Trampoline, kids play area, park-like grounds with 5 carved fountains, 2 fire pits, a fireplace, covered outdoor living and dining patio, guest home; benches throughout the landscaped, low voltage lighting and drip system. Indoors, enjoy custom inlaid polished Marble floors, limestone columns and Italian imported staircase makes it all welcoming. The home offers 5 fireplaces, an Exercise Room, Sauna in the Master suite, Executive Office, Theater Room, Butler's Pantry, Caterers Kitchen, Wet Bar with Ice mater,

9204 E Grapevine Pass Scottsdale, AZ 85262

$9,995,000
5 Beds
5.5 Baths
7,718 SqFt
Status Active
MLS # 6182362
Property Type Single Family - Detached
Price Type --
Modern Mediterranean Luxury Living meets Fantastical Fun on one of the highest elevated estate sites in the premier community of Desert Mountain. Situated atop all of Desert Mountain on 12.2 acres with views of the entire valley. Entering the estate through the privately gated drive gives you the first sight of prominent elegance. The stone exterior with Cantera stone arches and accents, the forged metal details and limestone pavered entry greet you upon arrival. The 9' X 12' arched rain glass and iron scrolling door open to a brick mosaic lined rotunda with dazzling crystal chandelier. The elegant livability is instantly felt with the open and light great room split floor plan that blends seamlessly through the pocketing telescoping glass doors to the outdoor living space with linear

Leave a Reply

Your email address will not be published. Required fields are marked *