Did you know your credit score affects your ability to qualify for a mortgage, and once approved, your monthly mortgage payment amount?
Common homebuyer questions cover topics ranging from what down payments options are available and what mortgage insurance is. The overall takeaway is: Each buyer and transaction is unique, so it’s best to have an open, honest chat with your lender before attending open houses.
For most, purchasing a home is the largest financial transaction of their lifetime. And it comes with lots of questions! We sat down with Senior Mortgage Loan Officer Ian Bennett to get the inside scoop on the most common questions first-time homebuyers ask the Mortgage Team at Elevations Credit Union. Common homebuyer questions cover topics ranging from how to find a lender and what mortgage insurance is, to how to
. One factor impacting homebuying in this sellers’ market is an appraisal gap. To better understand this real estate term and what it means for homebuyers, we reached out to our experienced Elevations Mortgage Loan Officers.
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.
Denver, and Colorado in general, has long been a desirable place to live. We asked our award-winning mortgage team about the 2021 homebuying market in Denver and their tips for house hunters.
Buying a house is one of the biggest purchases you’ll ever make, so you want to feel nothing less than great about your choice. Figuring out your budget and getting preapproved for a home loan is the opening act. We’ll walk you through those steps in our post “Buying a Home — 4 Steps to Get Started.” Once the financing is squared
It’s time. Your dream of being a homeowner on the Front Range of Colorado is coming true. But, what first steps should you take? As you explore the Colorado real estate market, you’ll have to demonstrate your financial stability to lenders, real estate agents and sellers. Here are a few ways to get started. Money