mortgage: First Time Home Buying Doesn't Have to Be Intimidating
- 03/12/12 12:37 PM
First Time Home Buying Doesn't Have to Be IntimidatingTraditionally, spring marks a busy period of time for housing market activity. Buying a home can be the largest and most important financial decision one can make, so it is important to be aware of all the factors that go into making a responsible purchasing decision, especially if you’re buying for the first time."The first step is figuring out how much you can afford to spend on homeownership, which means an honest assessment of the household balance sheet," says Dave Sheedy, mortgage market manager for M&I, a part of BMO Financial Group. "Once … (3 comments)
mortgage: One Size Doesn't Fit All
- 01/05/12 10:01 AM
One Size Doesn't Fit AllRarely, does one size fit everyone and the same goes for advice. The following suggestion is not right for everyone. However, for people with job security and who don't own a home; for people with good credit and enough savings for a down payment, there may never be a better time to buy a home.Homes have had a significant price correction but in many markets, they have started to rise again. The lower prices combined with historically low interest rates make this an opportune time to buy a home if you can afford it.One of … (1 comments)
mortgage: Mortgage Myths
- 12/04/11 01:51 PM
Mortgage Myths "It's impossible to get low down payment loans." - UNTRUE! FHA down payments are only 3.5% and VA is 0%. In some areas, there may be some 100% USDA loans available. "It takes perfect credit to get a loan." - UNTRUE! There is a relationship of better rates to better credit but many issues on a credit report may be explained. The way to know for sure is to speak to a reliable lender. "If I've had a bankruptcy or foreclosure, I can't qualify." - UNTRUE! Credit history following a short sale or foreclosure is … (2 comments)
mortgage: The impossible Dream Can Be Possible
- 07/27/11 11:15 AM
Denver Real Estate - Dream The Impossible Dream!Has home ownership become an impossible dream to many that want a piece of real estate? Has it become that difficult to become a new homeowner nowadays? No, not really. It just seems that way because the numbers are bigger.When your grandparents were first starting out they too dared to dream the impossible. Back then it was very difficult to come up with the funds to cover a down payment on a $7,000 home. They had to find a way to do it and it often took some time to get the money together … (1 comments)
mortgage: Common Mistakes Made When Purchasing a Denver Home
- 04/23/11 03:29 PM
Many first time home buyers will rush into a Denver real estate agreement without thinking things through and this can end up being disastrous. Without properly assessing the residence or property first you could lose a significant amount of money. It is very common to see home buyers simply fall in love with a house and purchase it without getting it properly inspected. In some cases the new homeowner may end up being stuck with a house that is beautiful on the outside but failing apart behind the walls. A “good deal” is a house you love and payments you … (0 comments)
First Time Home Buying Doesn't Have to Be IntimidatingTraditionally, spring marks a busy period of time for housing market activity. Buying a home can be the largest and most important financial decision one can make, so it is important to be aware of all the factors that go into making a responsible purchasing decision, especially if you’re buying for the first time."The first step is figuring out how much you can afford to spend on homeownership, which means an honest assessment of the household balance sheet," says Dave Sheedy, mortgage market manager for M&I, a part of BMO Financial Group. "Once … (3 comments)
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