Denver for the Holidays

Top 5 Questions to Ask a Lender

You’ve decided you’re ready to buy a new home. Whether this is your first or your fiftieth, chances are you’ll need to speak to a lender about what is is you can afford, the interest rates that you qualify for, and your target mortgage payment.

These five questions will help you on your path to new home ownership!

1. What is the interest rate?

Your lender will offer you an interest rate based on the loan and your credit. The interest rate, along with the mortgage balance and loan term, will determine your real monthly payment. A loan with a lower balance or a lower interest rate will make for a smaller monthly payment. If you’re not satisfied with the interest rates offered, you can work on fixing your credit.

2. What is the monthly mortgage payment?

As you hone in on the budget for your new home, make sure you are explaining to your lender what you want your monthly payment to be. Oftentimes we forget to include insurance and taxes in your monthly payment- as well as potential home owner’s association fees. Your monthly mortgage payment shouldn’t make you house poor- you should be able to put your money to work for your other financial goals, as well!

3. Is the mortgage fixed rate or an ARM?

Fixed-rate loans are the same rate for the total lifetime of the loan, which can be 10 to 30 years. Adjustable-rate mortgages, or ARMS, have interest rates that change at regular intervals. If you don’t plan on living in your home for the duration of the loan, a hybrid ARM might be a better choice for you. Ask your lender to break down all of the available options.

4. Can you meet contract dates and deadlines?

Most local lenders are excellent at meeting contract dates and deadlines- like the appraisal deadline or closing date. If your lender cannot make the deadlines that are in your local real estate contract, they could potentially lose the home for you.

5. Do you have other mortgage products with lower rates I might qualify for?

Make sure you work with a lender who is capable of creative thinking and who can help you with your current situation. There are a variety of different mortgage products that may fit your needs better than a conventional option.

If you’re ready to buy a home and need to be connected with an excellent local lender, reach out to me. Finding a lender is often the first step in home ownership!

For any other questions, please don’t hesitate to reach out!

Cheers!

Sarah Bowles

1578 N. Emerson Street

1900’s Denver brownstone with over 2000 sf offers an open main living area with original details. The fully restored wood windows, banister details, original hardwoods and tall ceilings capture the history and charm that Denver has to offer. The large windows and skylight shower the home with natural light. Enjoy quiet, as the walls are brick and very thick. The basement has a second entrance, so you can use it as a den or as a rental or mother-in-law suite. The neighbors are a delight and are passionate about community! Enjoy all that Denver and Uptown have to offer, with access to theaters, museums, shopping and dining! Downtown Denver is less than 5 minutes away- so you’ll never miss a beat.

Shaping Denver Get Involved!

follow url Shaping Denver Get Involved! 

 Recently we had an opprotunity to be appart of the BRUN neighborhood meetings. We learn so much in these meetings and will share other fun bit-o-info on other blogs. However, after our most recent meeting we learned about an AMAZING opprotunity that gets US, the community, involved.

“Involved”, you may groan. YES! Involved!

Have you ever made a comment, complaint or quandry about any of the following:

  1. Denver Parks or Denver Recreation?
  2. Denver Pedestrian Walkways, Pathways and Trails? 
  3. Land use or Transportation?
  4. Denver Transit?

Now if you say No, then this a call out. “WE DON’T BELIVE YOU!” If you haven’t gripped about traffic, sidewalks, road closures or any of that then you may be living, well, not in Denver.

Well here is your chance! Get up, do something about it. Get involved. Stop with the “talk” and put some “ACTION” into it! Denver is heading up DenverRight. Their statment is simple, ” Community-driven planning process that challenges you to shape how we want to evolve”. It’s that simple!

So with that, now we all have NO excuse to grip, complain any more. There is now an opprotunity for us to get invovled and help our Little Big City of DENVER grow into what we hope and know it can become!

Check out the video below for some more info, but hey, lets get involved and do something about this city we love called DENVER aka Mile High aka, #myplaceIcallhome.

[youtube id=”EpxKu_t0M3s” width=”600″ height=”350″]

 

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Denver Civic Center Park

enter Denver Civic Center Park

If you have ever driven in Denver, you may have once driven by the capitol building off of Colfax and Broadway. As well as you may have been privy to experience the frequent bus stops and pedestrian clusers. Well, so did Denver! After a a bit of research the city of Denver and the DownTown Denver Partnership have created a plan to help with the traffic movement and pedestrian safety.

They have created an entire plan to change the flow of traffic as well as the pick up drop of for pedestrians.

civic-center-park

If you want to see what the whole plan is here is the information in detail! 

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Open House Sat. July 16th, 11-3 ~ Beautiful Estate Home in The Preserves at McKay Shores ~

Stunning Estate home with ample upgrades and designer finishes which distinguishes itself from other homes in the neighborhood! Main level and basement have been extended out by 6′, garage has been extended out by 4′. Master-craft cabinetry throughout, amazing pictures windows in the great room allow lots of Colorado sunlight to warm the open space. 6,323 finished sq.ft. allows plenty of living and entertaining space. For an amazing viewing experience: http://ow.ly/vl9w302hEGB

 

Open House Beacon 11 - 3 updated price link

Market Info 80223

The 80223 zip code market was solid in this week’s report, as the number of home sales climbed 8.3%, pushing the total to 26 homes sold over the last 30 days. The median sales price climbed to $332,500, up from last week’s $280,250. With only one month of inventory and rising sale… Read more http://hiddenacres.ca/site/?m=2000-dollar-loan-no-credit-check »
Sarah and Erin
URBAN HABITAT
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Office | 303-834-1121 Sarah Bowles | 720-837-2724
2010 E 17th Ave Denver CO sarah@cohomesdenver.com
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Real Estate Update for 80224
Colorado-Homes-Denver---2 Jul 6 – Sales in the 80224 zip code market fell to 32 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 29, which continues a solid upward trend in price reductions. Potential buyers should note that prices are coming down in the 80224 zip cod… Read more »
CoHomesDenver
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Office | 303-834-1121 Sarah Bowles | 720-837-2724
2010 E 17th Ave Denver CO sarah@cohomesdenver.com
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80223 Market Info

info market 80223

“Cool Off in July” – Newsletter

Cool Off in July (1)

Open House! 5715 W. 9th Ave. Lakewood, CO

This Half Duplex lives like a SFH – shared wall is garage wall. Lots of charm and opportunity! Feel as if you are in the country yet within close proximity to plenty of shopping, conveniences and light rail, to quickly bring you into downtown Denver!

$300,000 | 3 beds | 2 baths | 1,852 finished sq. ft.
For more info please click on link: secured vs. unsecured loan definition 5715 W. 9th Ave.