Did you know your credit score affects your ability to qualify for a mortgage, and once approved, your monthly mortgage payment amount?
If you find yourself navigating the home-buying process on your own after a divorce, rest assured, you can do it. As the dust settles, consider chatting with a financial advisor and mortgage loan officer to help you build a new financial roadmap for the years ahead, including saving for a down payment and creating a budget that accommodates a monthly mortgage payment. Here’s how.
Our series for first-time homebuyers is all about understanding down payments in order to make smart, informed decisions when it’s time to buy. In the final edition of this three-part series, we’ll look at several programs that are available to assist homebuyers.
When shopping for a home, one of your first steps will likely be securing a loan. There are many types of mortgage loans, and three of the most common loans for first-time homebuyers are conventional, FHA and VA loans. Read on to learn more about the characteristics of these loans to discover what you may
If you’re looking to buy a home along Colorado’s Front Range, you’re probably all too familiar with the low inventory and high costs in our real estate market. For many first-time home buyers, considering a condo or townhome opens up additional options. However, it’s important to know the differences between buying a single-family home and buying a condo or townhome.
Are you considering a 15-year mortgage loan? There are a number of benefits, including a lower interest rate and the ability to pay off your home much faster. However, it’s important to take into account your unique situation along with the pros and cons of a 15-year mortgage, which we have highlighted here. Pros of
So you’ve gone back and forth on whether or not it’s the right time to buy a home. With most experts reporting that mortgage rates will continue to increase in 2018, now may be the time to make your move. For prospective homebuyers, rising rates might put some pressure on finding a home sooner than
As we look back at the 2015 mortgage market in Colorado’s Front Range, three trends are likely to continue this year. If you’re interesting in purchasing a home, keep these big-picture items in mind. 1. High demand: We continue to see demand in all different sectors of the mortgage market, from first-time homebuyers to move-up