Top 5 Questions to Ask a Lender

http://acf.ch/wp/?m=commercial-vehicle-loan-interest-rate

easy payday loan atlanta 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!

http://electrodomesticosam.com/?q=co-signer-loans 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″]

 

UH_ID_FINAL_WHITE_BG

Denver Civic Center Park

payday loans brentwood ca 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! 

UH_ID_FINAL_WHITE_BG

August Real Estate Statistics for the Denver Metro Area

August, in the Denver Metro Area once again had a low active inventory for buyers to view.  Activity though in the metro area proved to be on the up, as sold single family homes and condos were up compared to July.  Interestingly, the average and median sold prices for single family homes were down from July, giving buyers a bit of relief from having to offer over-listed price.  Condos average and median sold prices were up and prove strong from prior month and year-over-year!  Click on the image below, to view the FULL report from DMAR…..

aug-trends

Denver is The Millennial City!

More people are moving to Denver than ever and a good portion of the people moving here are millennials.  What is a millennial?  There are many definitions yet let’s go with “someone born from 1981 to 1997″.  Denver is drawing this demographic for many reasons which keep most of us here: weather, outdoor activities and business opportunities.  In fact, an average of 12,682 more millennials per year moved here than left! To find out more about why millennials are coming here please follow link to The New York Times Article.tHE bEST cITY for millennials

 

 

 

Choosing a Title Company That Works for You

What is a Title Company and what do they do in your real estate transaction? A Title or Escrow Company, is an important part of the under contract process all the way to the closing table. Read more on how to choose a reputable company and what their responsibilities to you are  payday loans in port st lucie fl Learn more here

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