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.
Your credit score can affect your monthly mortgage payments and even your ability to qualify for a loan. So it only makes sense that our members often have questions about their credit score. To help you, our mortgage team shares answers to a few common questions on credit scores in this post. Q: I’m applying
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.
This series for first-time homebuyers is all about understanding down payments in order to make smart decisions when it’s time to buy. In the second part of our series, we look at requirements for the money you use to make your down payment.
If you’re a first-time homebuyer along the Front Range of Colorado, it’s important to understand your down payment options. A down payment is a lump sum paid upfront that reduces the amount of money borrowed. In the first post of this three-part series, we’ll look at what a down payment is and several down payment options.
Your investments don’t only have to serve you – they can serve causes and organizations you believe in. This concept is especially resonant for our team of CFS* Financial Advisors at Elevations Credit Union, where we give back to the community and act in the best interest of our membership. In this article prepared by Broadridge, learn about some of the ways to approach investing through a socially conscious lens.
May is Disability Insurance Awareness Month, so it’s the perfect time to consider how your disability insurance policy factors into your overall financial plan. According to the Council for Disability Awareness, just over 1 in 4 of today’s 20-year-olds entering the workforce will become disabled for three months or more before they retire. Disability insurance
According to the Bureau of Labor’s Consumer Price Index, from December 2005 to December 2015, the average cost of a college education has gone up 55%. With the ever rising costs of tuition, it’s important to start saving early for your child’s college education. Read on for an overview of various ways to save for
Throughout your career, you may face important decisions involving your retirement savings plan. For example, if your plan provides for Roth contributions, you’ll want to review the differences between these and traditional pretax contributions to determine the best strategy for your situation. While pretax contributions offer an upfront tax benefit, you’ll have to pay taxes
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