First Time Buyer
Getting ready to buy your first home? This is an extremely exciting time - but it is also a scary time. But here is the best part...
It doesn't have to be Hard!
My goal is to ensure that you are completely educated on what is entailed in arranging financing for your first home.
The first thing to understand is the difference between being "pre-qualified" vs. "pre-approved". A common mistake that a lot of First Time Buyers make is when they briefly speak with someone about what is needed to "qualify" for a home loan.
Generally speaking, a Pre-Qualification is a verbal discussion based on information you have provided like your current employment, earnings, savings, and credit history. Because of the massive changes the mortage industry has seen recently, it is extremely important to verify this information and pin point the potential "questions" that may come up when you find the right home.
This formal verification of your information is the "Pre-Approval". When we work with any potential buyer, we will always try to have this done before you go under contract on your new home. That way you can focus more on relaxing and getting ready to move rather than tracking down documents that will be needed.
If you are ready to be fully prepared for your home purchase please contact me today and fill out the easy to use form and I will be calling shortly to discuss your spefic needs and scenario.
Move Up Buyer
Your family is a little bit larger. Or maybe you have decided a different area of town better fits your lifestyle. What ever the reason - you are still buying a new home.
Just as you probably made changes to your last home like paint, carpet, or even fixtures, the mortgage landscape has also been changing. Guidelines and regulations for you qualification are completely different then even 2 years ago.
The first step into buyiing a new home is to be pre-qualified and to take out the "uncertainty" of the mortgage world. Our team is dedicated to staying ahead of these changes through education of programs and their guidelines.
It only takes a couple of minutes to ensure you are saving yourself hours of headaches and anxiety.
CHFA - Down Payment Assistant
The Colorado Housing and Finance Authority (Also known as "CHFA") has developed several loan programs that are designed specifically to help borrowers purchase their new home with downpayment assistance.
CHFA is currently the only statewide HUD Approved down payment approved program in Colorado. You must work with a certified CHFA lender in order to start the process of qualifying for a specific progrom.
Fortunately we are a CHFA approved lender! That means we can help you understand how these programs work.
Every month we are able to help people just like you acheive the dream of home ownership by securing their downpayment through CHFA. Because this is a very unique program, there are several unique guidelines we have to follow. There is a quite a bit of difference in qualifying terms when looking at the First Step or Home Opener programs.
If you are interested in receiving more information on the CHFA programs that are available, please contact me to be pre-qualified. There is no cost to you - only great information!
There comes a time in every persons life where the word "retirement" comes up. For years we prepare for this great event, and for some, a lot of our money that was set aside is in our homes.
The equity in your home literrally is your nest egg! Fortunately you can have access to these funds by way of a Reverse Mortgage.
A Revers Mortgage is a vehicle to access the equity in your home by having it paid to you in either a
- One Time Lump Sum
- Monthly Payments
- Annual Payments
- Or any combination of these options
The age requirement for use of this loan is 62 years old, and you have to be a full time residence of the property. You will need to take care of things like your taxes and insurance on your own, but for most borrowers, that is something you have already been doing for quite some time.
There is a lot information that needs to be reviewed in order to find out if a Reverse Mortgage is right for you. To find out more, please contact me to be pre-qualified today.
Buying with the Home Ownership Accelerator
If you have a positive monthly net income (meaning you bring in more money than your monthly expenditures) you may be in the right position to vastly improve your financial future.
The HOA loan is not for everyone, but for many home owwner's it is the perfect alternative to the standard "30-Year Fixed" mortgage. This is a must see for anyone who wants to save thousands in interest and pay off their mortgage faster than they ever thought possible.