Buying a Home
Memorial Day and Mortgage Moves: How to Choose the Right Loan This Summer
Summer is a busy stretch for Arizona home buying. Here's how to pick the right loan before you start making offers.
The right summer loan is the one you have already compared and been pre-approved for before you tour homes. Memorial Day weekend kicks off a busy season for buyers across Chandler, Gilbert, Mesa and the rest of the East Valley, and the families who move smoothly are the ones whose financing is settled first.
First-time buyers: get the letter before the listing
More homes come on the market in late spring and summer, and good ones still draw multiple offers. A written pre-approval tells a seller your income, assets and credit have been reviewed, and it tells you your real budget, including taxes, insurance and any HOA dues, which are common in East Valley neighborhoods.
Homeowners: is a refinance worth a look?
If your current rate or loan type no longer fits, run the numbers rather than guessing. A refinance break-even check shows how many months it takes for the savings to cover the costs. If you plan to move before that point, a refinance usually isn't worth it.
Veterans: your VA benefit can be used more than once
Many service members don't realize VA loan entitlement can often be restored and reused for a future home, as long as the home will be your primary residence. VA loans can also be used for a 2–4 unit property if you live in one of the units. See VA home loans for the basics.
Whatever you're planning this summer, I'm happy to compare your options with you. Call or text (480) 677-0644, or request a quote. No obligation and no pressure.
Key takeaways
- Get pre-approved before you tour so you know your full monthly payment.
- Use a break-even calculation, not a hunch, to judge a refinance.
- VA entitlement can often be reused for a future primary residence.
Want to talk through your own numbers?
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This article is general information, not a commitment to lend. Programs, guidelines and terms vary by lender and can change; all loans are subject to credit approval and underwriting.
