home buyer: 3 Questions to Ask Before You Buy Your First Home
- 03/25/19 06:42 AM
Hunting for your new home can be a confusing process. There are countless factors you need to take into account to ensure your new location fits your family's lifestyle and preferences. In their excitement, first-time home buyers can easily overlook some essential points about their potential property. When you're searching for your new residence, ask these questions to get exactly what you're looking for. Am I Financially Ready For A New Home Purchase? It takes more than money to find the right home. Your credit rating is an important factor in your ability to secure enough funding to finance your dream. Check out your … (4 comments)
home buyer: Home Buying: Repair Requests After A Home Inspection
- 07/26/18 11:22 AM
The perfect home has been found, the one in the right neighborhood with the right amount of bedrooms and bathrooms. The home inspection is complete, but a few issues have been found. At this point, a home buyer has decisions to make. What Repair Requests Can Be Made After a Home Inspection? Structural defects found during a home inspection are the responsibility of the seller and must be fixed. In addition, Realtor.com states that the following must also be repaired by the seller: Water penetration such as mold or wet basement/crawlspace Any code and safety violations like unstable decking or missing handrails Cosmetic … (1 comments)
home buyer: 3 Generations Top Housing Market Trends
- 07/26/18 11:18 AM
Historians like to say that those who do not learn the lessons of the past are doomed to repeat them. In the real estate industry, the chances of that happening are slim because agents and other professionals follow market trends closely. That being said, a careful examination of 2017 market trends and other factors can help highlight where the housing market is headed. Consider these top trends when deciding about whether to buy or sell a property. Millennials Scooping Up Homes According to resources such as Zillow, the low inventory and emergence of Millennials in the home-buying market helped break records last year. … (3 comments)
home buyer: 5 Ways Millennial Buyers Can Snag Their Dream Home In This Sellers Market
- 05/02/18 11:05 AM
According to the 2017 Home Buyer and Seller Generational Trends Report, Millennials bought 34% of the homes sold; the largest of any generation last year. Millennials looking to buy their first or second home need to ready themselves for a surprisingly competitive market. Lack of supply causes attractive homes to garner multiple offers in just a few hours! What can a Millennial buyer do to appeal to sellers and be the one who ends up with the home? Here are 5 ways they can snag their dream home in this seller's market. Get Pre-Approved Figuring out what a home buyer can afford is a crucial step … (3 comments)
home buyer: Don't Make These Mistakes When Shopping for a Mortgage
- 01/24/18 12:30 PM
Are you ready to dive into the real estate market for the first time? Buying a new house, condo or apartment is an exciting experience that sets you on the path to building your net worth. However, if you are planning to take out a mortgage, you should be aware that there are some potential pitfalls to avoid. Let's explore a few of the key mistakes that first-time homebuyers make when they are shopping around for a mortgage. Mistake #1: Trying To Rush The Process The first mistake that you will want to avoid making is trying to rush the mortgage process … (4 comments)
home buyer: New Construction vs. Existing Home: Why New Might Be Better
- 01/24/18 12:19 PM
Are you in the market for a new house? Whether you are a first-time home buyer or are upgrading to get more space, you will need to choose between buying an existing home or building a brand new one. As you might imagine, there are pros and cons to each kind of home. But if it is in your budget, you may want to lean towards a newer home over an older one. Let's explore three reasons why new construction homes are better than existing homes. Customize Every Aspect To Your Tastes Ask anyone living in a custom-built home and they are … (3 comments)
home buyer: 3 Great Reasons to Use an Experienced Mortgage Pro for Your Next Mortgage
- 01/24/18 12:15 PM
Are you thinking about buying a new home in 2018? Whether you are a first-time home buyer or you're downsizing now that the kids have moved out, you are likely considering whether or not you will need a mortgage. Even if you can afford to buy a home in cash, taking out a mortgage can help you maintain your liquidity for other spending purposes. No matter what the case, you will want to work with someone who can help you understand your options and what the right decision might be. Let's explore three excellent reasons why you should work with an experienced … (1 comments)
home buyer: 5 Big Misconceptions About Mortgage Lenders And What You Should Know
- 12/15/17 09:39 AM
Are you in the market to purchase your first home? Congratulations! You've earned your slice of the American dream. The process of buying a home is exciting and nerve-wracking. Becoming a home owner is a huge step in life. As a first-time home buyer, you may not know much about the buying process. Aside from your realtor, mortgage lenders are extremely important. You want to ensure that the lender you choose has your best interests in mind. Looking to learn more about mortgage lenders? Want to be an informed home buyer? If so, continue reading! We'll discuss the top 5 misconceptions about lenders. 1. My … (2 comments)
home buyer: Driverless Cars: Will They Reshape How We Design and Use Our Homes?
- 12/13/17 02:51 PM
Are you ready for the coming shift to driverless cars? While it might seem like some sort of futuristic vision, the truth is that driverless vehicles will be on the road within a few short years. Let's explore three key ways that driverless cars are going to help to shape how we think about our homes in the very near future. #1: Goodbye, Garages It might seem a bit strange to think about now, but many people are likely to get rid of their cars entirely. Car ownership is expected to shift to entrepreneurs and services who offer vehicles for on-demand use. We … (6 comments)
home buyer: The Pros and Cons of a Large Down Payment When Buying a Home
- 12/13/17 02:38 PM
If you are in the market for a new home, one of the considerations you will need to make is how much to invest in your down payment. A Large Down Payment Has Its Benefits If you have the funds available, you may find a bit of an advantage in a large down payment. The following are a few potential benefits that you may realize. You Can Afford More 'House' - if you are aiming for a large, luxurious home a significant down payment can help you get there. As long as your credit is in line with your needs, a large down … (4 comments)
home buyer: Buying in 2018? Get Your Down Payment Ready Now by Tapping These Helpful Sources
- 12/08/17 03:47 PM
Are you in the market for a new house or condo in 2018? With the new year just around the corner, now is the time to get all of your financial details in order. As you may know, buying a home is a significant financial transaction. But it all starts with your down payment, which is the lump sum that you invest in order to purchase the home. In today's blog post we will share a few sources of funds that you can tap into for help saving up your down payment. Peer Into Your Financial Future A helpful first step is to … (3 comments)
home buyer: 3 Key Flaws to Watch Out For in an Older Home
- 12/05/17 10:42 AM
Are you a fan of homes with a bit more character than newer, modern designs? Whether in pristine condition or more of a "fixer upper," older homes are incredibly popular in cities across the country. However, there are some key factors to consider if you're thinking about buying a home built decades ago before modern standards were enforced. Old Electrical Designs Can Be A Significant Fire Hazard No matter when a home was built, it's almost guaranteed to have electrical wiring running through walls to supply rooms with lighting and power outlets. However, if the wiring was run in decades past it … (4 comments)
home buyer: Four Pieces of Mortgage 'Advice' to Take With the Proverbial Grain of Salt
- 12/01/17 10:03 AM
Are you in the market for a new home? If you have been talking to friends and family or researching online, you have likely come across quite a bit of mortgage-related advice. As with anything, there is low-quality advice out there which is essential to avoid. In today's blog post we will share four pieces of mortgage-related advice that you should take with the proverbial 'grain of salt.' #1: Only Get A Mortgage From Your Bank Have you heard that you should only get a mortgage from the major bank that you use regularly? Many people believe that working with a large bank … (8 comments)
home buyer: 4 Questions to Find Out If You Are Ready for Home Ownership
- 12/01/17 09:23 AM
Have you been dreaming about a larger, roomier or more luxurious living space? Or perhaps just want to experience the joy of owning your own home and building your net worth instead of renting? Let's explore a few questions that can help to answer whether or not you're ready for a new lifestyle as a homeowner. Can You Realistically Afford To Buy A Home? The first consideration to make is a financial one: can you afford it? Buying in a home is a significant financial investment. In most cases you'll need to manage monthly mortgage payments for many years. The good news: … (7 comments)
home buyer: Negotiating a Counter-Offer That Won't Scare Away Home Buyers
- 05/09/17 07:35 AM
If you've recently put your home up for sale, one of the most exciting parts of the selling process is getting an offer. However, all is not said and done once you've received an offer, as you'll probably want to negotiate a better price. If you're wondering how you can counter without losing a potential buyer, here are some tips when the time comes to negotiate. Lower Your Price (A Little) As a seller, it's important to believe in the price you've put your home on the market for, but lowering your asking price after getting an offer will tell the potential … (1 comments)
home buyer: 3 Budgeting Tips For Home Buying With One Income
- 04/11/17 08:52 AM
Are you thinking about buying that perfect new home? Whether you're buying for yourself or for a family, there will be many costs involved. Let's take a look at 3 budgeting tips that will help make home ownership on a single income easier. Get A Full Picture Of Home Ownership Costs Buying a home is never as simple as paying a mortgage payment each month. As with most budgets, the first place to start is a full consideration of everything involved. On top of your mortgage, what other monthly costs will come up? Consider utilities like electricity, phone, cable, water and others. … (2 comments)
home buyer: Your Debt-To-Income Ratio and How It Affects Your Mortgage
- 04/05/17 02:12 PM
When you're delving into the market in the hopes of finding your dream home, it's likely you'll come across the term debt-to-income ratio. While it might not seem important at first, but your DTI is the key to determining the amount of money you can put into your home and how much you should spend on a monthly basis. If you're curious about what this means for you, here's how to calculate DTI and how it can impact your mortgage. What's Your DTI Ratio? One of the best ways to determine whether or not a home is affordable for you is to first … (5 comments)
home buyer: Feeling 'Priced Out' of the Market? Here's How You Can Still Buy a Great New Home
- 03/07/17 07:21 AM
If you're trying to buy a new home, few things are more frustrating than a hot real estate market. When home prices are climbing fast it can feel like you'll never be able to save enough for your down payment. Here are a few ways that you can get in – even if you're feeling priced out. Start Smaller And Upgrade Later If you're a single professional or a young couple, it might be wise to start with a smaller starter home. While a townhouse or condo might not feel as large as a detached house, they are more affordable options. Starting small … (3 comments)
home buyer: How Much Mortgage You Can Afford? Here's How To Calculate
- 02/17/17 07:22 AM
You're probably aware of the financial commitment that is involved when investing in a home, but what that amounts to is different for every person. From what you can afford to what a lender will allow, there are plenty of details involved in determining the right home for you. If you're not quite sure what the right price is, here's how to approach home ownership and determine your debt-to-income. Calculating Your Debt-To-Income Ratio You may not know what your DTI ratio is, but it has a lot to with how much home you can afford. In order to calculate this amount, add together … (4 comments)
home buyer: 3 Things You Should Never Say When Negotiating On A Home
- 02/14/17 09:37 AM
The prospect of finding the home you've always dreamed of can be such an exciting time that it's easy to forget all about the process of negotiating. However, it's important to keep a few things to yourself when it comes to the art of making the deal. If you're currently searching for the right place and preparing to sign on the dotted line, here are a few phrases it's best to avoid. Declaring It Your Dream Home There's nothing wrong with finding the ideal home and getting enthusiastic about the prospect of owning it. But it's very important not to say too … (9 comments)
NMLS ID: 247026
Colorado Mortgage License: 100019059
Benchmark Mortgage, Ark-La-Tex Financial Services, LLC NMLS ID 2143. Equal Housing Opportunity. This advertisement is for general information purposes only. Some products may not be available in all licensed locations. Information, rates, and pricing are subject to change without prior notice at the sole discretion of Ark-La-Tex Financial Services, LLC. All loan programs subject to borrowers meeting appropriate underwriting conditions. This is not a commitment to lend. Other restrictions may apply. Colorado Mortgage Company Registrant – Regulated by The Division of Real Estate #2143
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