3 Questions To Ask When Buying Your Peyton/Falcon, Manitou Springs, or Woodland Park, Colorado Home

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Mortgage and Lending with NMLS #384936 NMLS #384936

If you are thinking about purchasing a home right now, There are three questions you should ask before purchasing in today’s market.

 

 
This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money:
 
  • A good place to raise children and for them to get a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of the space

 

What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.
 
 
When looking at future housing values, Home Price Expectation Survey provides a fair assessment. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. Here is what the experts projected in the latest survey:
Home values will appreciate by 4% in 2015.
The cumulative appreciation will be 23.5% by 2019.
Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 15.1% by 2019.
 
 
A buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by an increase in mortgage rates. The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac have all projected that mortgage interest rates will increase by approximately one full percentage over the next twelve months.
 
Bottom Line
 
Only you and your family can know for certain the right time to purchase a home. Answering these questions will help you make that decision.
For Free Mortgage Advice Call Our Toll Free Hotline at 877-251-9709
 
 
Kevin Guttman
Colorado Home Loan Team
877-251-9709
Colorado - Statewide
Colorado Springs - Denver, CO.
We Finance Dreams
 
 
 
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Kevin Guttman

Certified Reverse Mortgage Planner

Home Finance Advisor

Financing Your Dream

Colorado Springs, CO 80920

877.251.9709

kevin.guttman@gmail.com 

www.ReverseMortgageAdvisorsUSA.com

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 My FREE  Mobile Mortgage APP                                                                                                                                                                          Go to:http://mtgpro.co/25ygy 

 

 

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Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
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Thanks for sharing this!  I hope you have a wonderful, relaxing, successful rest of the week!

Jan 21, 2015 12:00 AM #1
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
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Kevin Guttman 877-251-9709 

I think the first question is really key. If you don't have a definitive and clear answer then perhaps homeownership is not the right thing for you, at least at the present time.

Jeff

Jul 21, 2015 01:28 PM #2
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Rainer
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Kevin A. Guttman-Author, ReverseMortgageSpecialist

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