11990 Grant St., Suite 550 Northglenn, CO 80233
5280 Magazine Five Star Mortgage Professional Award Winner every year since 2013
OFFICE LOCATION
11990 GRANT ST., SUITE 550 NORTHGLENN, CO 80233
5280 Magazine - Five Star Mortgage Professional Award Winner Since 2013
CALL US TODAY
303-668-5891
Buying a New Home: Why Talking to a Lender Should be Your First Step
Net Admin • Apr 19, 2019
Are you ready to begin the exciting process of buying a new home? Not sure where to start? You’re not alone! In fact, we hear from potential home buyers all the time who are not quite sure how to get started. This is why we’re devoting today’s post to the importance of starting your home search by talking to your Colorado lender. Let’s get started!
1) Determine What Exactly You Can Afford
You’ll sleep great at night knowing that you can afford your mortgage payments and the other financial aspects of being a homeowner, while not overextending yourself financially. You want to be sure you can still grow your savings, travel and enjoy some of life’s luxuries. Knowing how much home you can afford will help you be a happy homeowner.
2) Find the Best Loan for Your Needs
There are a lot of home loan options available to you. Your lender can help you to determine which loan is right for you. Do you want a 30-year loan, a 15-year? Fixed rate or adjustable rate? Do you have 20% to use for a down payment? 5%? Are you considering getting support from a down payment assistance program?
The good news is that you don’t have to know the answers to these questions! Your mortgage loan officer can walk you through your options and help you make the right choice based on your finances.
3) Be Connected to the Right Real Estate Agent at the Right Time
Once you know how much you can afford, and your lender has completed at the very least a pre-qualification, it’s time to meet with a real estate agent. Your real estate agent will help you find the right home, in the right neighborhood, at the right price. And, your agent will be happy that you are ready to buy!
Not sure how to find a real estate agent that is the right fit for you? Ask your lender. Your lender will have a pool of agent partners to choose from and can help connect you to one who is an expert in your area and whom you will enjoy working with.
4) Have a Smoother Transaction
Your lender is here to help you get on the path to homeownership without a lot of bumps in the road. But your lender does have a lot of work to do. And one of the big parts of buying a home is getting all your paperwork in order. When you meet with your lender, before you start the process, you’ll know exactly what papers you’ll need. Collecting all the paperwork will still be your responsibility, and there still may be some surprises in store for you, but getting a head start on this will make sense in the long run and make the process a little easier.
Ready to discuss your situation with a trusted Colorado lender? Contact us today and allow us to walk you through every step of the home buying process.
In today’s tech-savvy world, social media is a key aspect of how many people stay connected and find entertainment. But social media is also great for other things, including the homebuying process. Follow these tips to find your new home while you’re scrolling through your feed.Start by adding real estate agents to your feed, as …
The home market is booming. If you are a first-time homebuyer or someone who has not owned a home for a three-year period, you may qualify for a no down payment program. Typically, these programs are available through your local county, state, or government. Here are four types of no down payment programs that can …
Restrictions have been placed upon movement and travel, as well as everyday events such as shopping and education being impacted. As we move towards the fall, the threat presented by the situation has not subsided sufficiently enough for life to return to normal, with several US States seeing a spike in cases. That means, as a …
Thinking of turning your home into a long-term rental? There are several different reasons why homeowners make this decision. If your home has been on the market for a while and you’re having trouble getting offers at your asking price, renting it out may be a better option than taking a loss on your sale. …
Change is the new normal these days. How about for the housing market and mortgage rates? Will rates move another leg lower or is this the bottom? What’s next for them? There are 3 things to track as we move through summer: Spikes in coronavirus cases in several states: This is a real concern that comes …
The process of buying a new home can, at times, be frustrating and intimidating. While each step is important, several factors must be considered, or you may end up with a home that doesn’t suit your needs. Of all the factors to think about when buying a home, location is critical. When it comes to
What is the first thing someone sees when they drive up to a house for sale? In most cases, it’s what the house looks like from their vehicle. It’s known as curb appeal, the look and feel of a house when looking at it from the street or the curb. And it can tell a homebuyer a lot about a …
There is nothing like the thrill of moving into a new home. Whether you’re moving into your first home or your fifth, however, there are some important things you will want to ensure make it onto your todo list. Let’s take a look. Change Your Locks. This is one safety measure you want to take right …
We have a brief update in these days of constantly changing information in response to the uncertainty of the coronavirus and its impact on our country. The Fed has cut the Fed Funds Rate by 1.50% in the last couple of weeks, including 1.00% on Sunday, March 15th alone. Messages in the media are confusing …
When looking to buy a home, financing, down payments and mortgages need to be in the mix of what to do first. Traditionally, homebuyers have needed a 20% down payment for their home mortgage. For first-time homebuyers, young families, or those who are in a lower-income bracket, coming up with a 20% down payment is …
5280 Magazine Five Star Mortgage Professional Award Winner every year since 2013
303-668-5891
