š”Ā The Steps to Homeownership Check Your FinancesReview your credit score, income, and savings. A healthy credit score and some money set aside for a down payment and closing costs will set you up for success. Get Pre-ApprovedTalk to a trustedĀ lenderĀ to find out how much home you can afford. A pre-approval letter shows sellers youāre serious and ready to buy. Find Your REALTORĀ®Partner with an experienced agent (like me š) who knows your area and will guide you every step of the wayāfrom search to keys in hand! Start Your Home SearchMake a list of your must-haves and … Continue reading...
What about your credit rating,
A high credit score gets consumers a lower mortgage payment. A lower score costs consumers with a more expensive mortgage. Finding out how to protect your credit score is critical to your financial well being. A soft credit inquiry does not impact credit scores. Itās typically done for informational purposes and not for lending decisions. A mortgage preapproval with only a soft credit check is hard to come by. … Continue reading...
What the cost of renting is costing you vs if you buy a home?
Now imagine putting that same monthly payment toward a mortgage. Even if home prices and interest rates seem high right now, every payment you make as a homeowner builds equity ā a long-term investment in your future. Plus, you benefit from tax deductions on mortgage interest and the potential appreciation of your homeās value over time. Of course, owning a home comes with responsibilities: maintenance, property taxes, and insurance. But it also comes with freedom ā the freedom to make your space truly yours, the stability of predictable payments, and the satisfaction of watching your … Continue reading...
5 Smart Ways Homebuyers Can Win During Inflation: Understanding Mortgages & Real Estate in Denver
How Inflation Affects Mortgages Inflation influences nearly every corner of the economy ā from food prices to borrowing costs. When inflation rises, money loses value and lenders increase interest rates to protect their investments. š¹ Higher inflation = higher rates for new loans, reducing affordability. š¹ Fixed-rate homeowners benefit, since their payment never changes. If your mortgage is fixed, inflation actually works in your favor. Your monthly payment stays the same while income and home values often rise. Over time, youāre paying back your loan with dollars worth less than when … Continue reading...