Choosing the right mortgage plan is crucial for achieving your homeownership goals in Arizona. Sam Scott at Bonelli Financial Group provides personalized advice to help you make the best decision based on your needs.

1. Understand Your Financial Situation: Sam will analyze your income, savings, debt-to-income ratio, and credit score to determine which loan products suit your budget and goals.
2. Define Your Goals: Whether purchasing your first home, upgrading, or investing in property in Arizona, Sam will help identify the most appropriate mortgage options, such as a fixed-rate mortgage for stability or an adjustable-rate mortgage (ARM) for lower initial payments.
3. Explore Loan Options: Sam offers access to various loan products, including FHA, VA, conventional, and jumbo loans. He’ll explain the pros and cons of each and ensure you select the best option for your situation.
4. Assess Loan Terms: Deciding between a 15-year mortgage with higher monthly payments and lower interest or a 30-year loan with lower payments and more interest can be overwhelming. Sam helps you evaluate your options to align with your financial goals.
5. Consider Additional Costs: You must account for property taxes, homeowner’s insurance, and potential private mortgage insurance (PMI). Sam ensures you understand these costs upfront to avoid surprises later.

For expert advice on mortgage plans in Arizona, call Sam Scott at 480-716-8551 or SamScott@bonellifg.com.

Improving your middle credit score is essential to qualify for favorable mortgage rates in Arizona. Sam Scott offers the following steps to help boost your credit score before applying:

1. Check Your Credit Report: Obtain reports from Equifax, Experian, and TransUnion from all three bureaus. Look for errors like incorrect account balances or outdated information. Dispute any inaccuracies to improve your score quickly.
2. Lower Your Credit Utilization Ratio: Aim to use less than 30% of your available credit limit. Paying down high balances can significantly impact your credit score.
3. Pay Bills on Time: Your payment history is critical to determining your score. Set up automatic payments or reminders to ensure all bills, including loans and credit cards, are paid on time.
4. Avoid Opening New Credit Accounts: Do not apply for new credit cards or loans before your mortgage application, as this can temporarily lower your score.
5. Address Negative Items: Resolve any collections, late payments, or charge-offs on your credit report. Work with creditors to negotiate settlements or payment plans, which may help improve your score.
6. Use Resources Like Middle Credit Score®: Middle Credit Score® is a valuable tool for learning more about how your credit score works and finding strategies to improve it.

For personalized credit advice, contact Sam Scott at 480-716-8551 or SamScott@bonellifg.com.

Yes, whether you’re looking to refinance your existing mortgage or purchase a home in Arizona, Sam Scott at Bonelli Financial Group can guide you through the process.

Home Purchase

1. Get Pre-Qualified and Pre-Approved: Sam helps you understand your budget and strengthens your position with a pre-approval letter.
2. Choose the Right Loan: Sam will match you with the best loan product for your needs, from FHA and VA loans to jumbo mortgages.
3. Secure Competitive Rates: Sam’s expertise ensures you lock in the best possible interest rates for your mortgage.
4. Guidance Throughout the Process: Sam offers step-by-step assistance to make your homebuying journey seamless from the initial application to closing.

Refinancing

1. Lower Your Interest Rate: Refinancing can help you reduce monthly payments and save money over the life of your loan.
2. Cash-Out Refinancing: If you’ve built equity in your home, Sam can help you access funds for home improvements, debt consolidation, or other financial goals.
3. Shorten Your Loan Term: Refinancing can allow you to move from a 30-year to a 15-year loan to save on interest payments.

Contact Sam Scott at 480-716-8551 or SamScott@bonellifg.com for expert refinancing or home purchase support in Arizona.

Preparing the proper documents ahead of time will streamline your mortgage application process with Sam Scott. Here’s what you’ll need:

1. Proof of Income:

   • W-2 forms for the past two years.
   • Recent pay stubs covering at least 30 days.
   • Tax returns (if self-employed) for the last two years.

2. Proof of Identity:

   • Government-issued photo ID (driver’s license or passport).
   • Social Security number for credit verification.

3. Credit and Debt Information:

   • Current credit report (Sam can assist with this).
   • Documentation of outstanding debts, including credit cards, student loans, and car loans.

4. Proof of Assets:

   • Recent bank statements (last two months).
   • Retirement or investment account statements, if applicable.

5. Employment Verification:

   • Contact information for your employer.
   • Additional documentation like business licenses or profit-and-loss statements (for self-employed applicants).

For more information on starting your mortgage application in Arizona, contact Sam Scott at 480-716-8551 or SamScott@bonellifg.com.