homebuyer tips: 5 Financial Terms Every Real Estate Investor Should Know
- 03/25/19 07:02 AM
The success of your real estate ventures depends on your ability to navigate the financial world. Learn these terms to make it easier to understand what's going on with your real estate investments. Cash Flow Contrary to popular belief, cash flow isn't just the amount of liquid assets you have available. Your cash and unused lines of credit are an essential indicator of your ability to complete projects and pay the cost of ongoing operations. However, these factors don't tell the whole financial story. Your actual cash flow is the difference between your gross income and your financial obligations. You can have a large … (3 comments)
homebuyer tips: Myths About Buying A Vacation Home
- 08/17/18 09:33 AM
Are you thinking about buying a vacation home? Maybe owning two homes is part of your retirement dream. Maybe you'd like to have a second home in your favorite holiday locale. If you are thinking about taking this step, you might have talked to family and friends about it. Unfortunately, many people give well-intentioned, yet poor advice when it comes to buying a vacation home. Here are some myths -- and the truth -- about buying a second home straight from leading real estate experts. You Can Buy A Vacation Home With No Money Down You have probably seen advertisements about buying a … (3 comments)
homebuyer tips: 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)
homebuyer tips: Why New Construction Homes Are A Top Choice For Today's Home Buyer
- 12/13/17 02:46 PM
Are you in the market for a new house? If so, you may have been comparing your options when it comes to open listings on the local market. One decision you will need to consider: do you want to purchase an existing home or build a new one? Let's explore a few reasons why new construction homes are a popular choice for today's home buyer. A Home Designed (By You) With The Future In Mind Ask anyone who has recently invested in a brand-new home, and many will share that all of the built-in technology was an essential factor. Today's homes are designed … (3 comments)
homebuyer tips: 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)
homebuyer tips: How To Boost Your Credit Score Before Applying for a Mortgage
- 02/20/17 02:25 PM
There are a variety of factors that are involved in getting your mortgage approved, but few things will have more impact than your FICO score and the credit history that goes along with it. Instead of leaving your score up to chance when submitting your application, here are a few ways that you can boost your financial well-being. Put More On Your Card It's important to put purchases on your credit card that you can afford to pay off consistently. But many people are not aware that how much debt you owe can actually contribute in a positive way to your credit … (1 comments)
homebuyer tips: Buying a New Home? Three Tips to Ensure a Stress-Free Transaction
- 02/06/15 12:49 AM
Buying real estate and or taking out a home loan is a significant milestone in life. Frequently, it means that a new phase is starting, whether it's a new job, a new relationship, or moving to a new area. However, when the most basic steps are missed, this transition can be fraught with stress and disaster. To ensure a smooth transaction, home buyers should be sure to mind the following tips.
#1: Always Be Honest Honesty and clear communication need to be a two-way street. Home buyers expect their mortgage professional to be honest with them, and likewise it is … (1 comments)
homebuyer tips: BUSTED: 4 Myths About Buying Your Home That Just Aren't True
- 03/25/14 11:30 PM
It can be pretty intimidating to dip your toes into the realm of home ownership, especially if you're a first-time homebuyer. To make things worse, there are a number of myths floating around out there surrounding the home buying process. Such misconceptions have many kept many would-be homeowners from realizing the personal and financial rewards of owning a property. To clear things up, here are 4 myths about buying your first home that simply aren't true. Myth #1 - "It's Cheaper To Rent Instead Of Own" If you buy a property that is within your budget and your mortgage terms allow you … (2 comments)
homebuyer tips: What Is A Mortgage Pre-Approval?
- 02/19/14 01:26 AM
When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many buyers have is what exactly is a mortgage pre-approval? In a nutshell, it's when the lender provides you (the buyer) with a letter stating that your mortgage will be granted up to a specific dollar amount. What Do I Need For Pre-Approval? In order to obtain a pre-approval for your home purchase, you will have … (3 comments)
homebuyer tips: What To Consider When Buying A Fixer-Upper
- 02/16/14 07:15 AM
In your imagination it seems like a great idea – you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams. To Renovate, Or Not To Renovate However, the renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life. The concept of renovating a "fixer-upper" property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making the right choice for you? One … (3 comments)
homebuyer tips: Rounding Up Your Mortgage Payment, Will It Really Help?
- 09/04/13 06:52 AM
Paying off the mortgage on your home as quickly as possible will ensure that you pay less interest and save money in the long term. But how can you accelerate those payments so that you own your home sooner? One simple and easy way that you can pay off your mortgage faster is to round up your mortgage payment to the nearest $100 interval. So, for example, if your mortgage payment is $756 per month, you can pay $800 instead. Not only will this help you to pay off your mortgage sooner, but round numbers are also much easier to handle for simple calculations. You will be able … (43 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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