Showing posts from May, 2013

Incredible Home for Sale in Colorado Springs

Incredible Tuscan Villa Located on one of the Highest Lots on the Palmer Ridge with Spectacular 360 Degree Front Range Views! Click Here to Tour This Home for Sale! The stately stamped concrete driveway leads you to the extravagant fountain in the circular driveway/courtyard. This energy efficient home boasts 4 Bedrooms, 6 Bathrooms, 4 Car Garage, over 6,700 Square Feet and sits on 3 Acres. As you enter the luxurious living room, your eyes are immediately drawn to the full wall of windows that overlook the Front Range Mountains and includes walk out to the full length deck. The gourmet kitchen is perfect for entertaining with a large center island, eating nook, ample cabinet and counter space and pantry. Unwind in the main level owners retreat with a cozy fireplace, sitting area, walk in closet and luxurious 5 piece bathroom with dual vanities, soaking tub and walk in steam shower. The upper level loft area is ideal for a home office or can be divided into two bedrooms and includes wa…

Beautiful Home for Sale in Colorado Springs

Gorgeous Bi-Level Home for Sale in Colorado Springs, located in D-20 Boasting 4 Bedrooms, 3 Bathrooms, Oversized 2 Car Garage and over 2,400 Square Feet. Click Here to Tour this Home for Sale in Colorado Springs. The open, contemporary floor plan includes beautiful hardwood floors, a spacious light and bright living room open to the formal dining room and kitchen. The perfectly appointed gourmet kitchen features a large center island, 42’ maple cabinetry with crown molding, large pantry with pull outs, tile flooring and stainless steel appliances. Unwind in the owners retreat with hardwood floors, private bathroom and walk in closet. The upper level also includes 2 spacious secondary bedrooms and bathroom. The finished lower level is perfect for entertaining with a large family room, cozy brick accented fireplace, secondary bedroom and bathroom. Enjoy summer gatherings in your private backyard with a large deck, mature aspens and pines. This home is in a great location close to parks,…

Buy or Rent: Which Makes More Sense Financially?

By The KCM Crew

Every potential home buyer has to stop for at least a moment and consider this question. Today, we want to look at one of the many financial reasons to buy instead of rent: the housing expense moving forward.

According to the latest Existing Home Sales Report from the National Association of Realtors, the median sales price of a home in the U.S. is $184,300. The mortgage payment (principal & interest) on that purchase would be $661.89 assuming a 20% down payment and a 3.5% mortgage interest rate. Currently, the median asking rent in the U.S. according to the Census Bureau is $717 a month.

We realize that the two payments do not necessarily reflect the housing cost on a similar residence. However, that is not the point of the post. All we are saying is that the monthly housing expense on a median price home is $661.89 and the median rent is $717. We now want to discuss what will happen to these costs over time.

The principal and interest portion of the mortgage paym…

Great 2-Story Home for Sale in Colorado Springs

Move in ready 2-Story Home for Sale in Colorado Springs in quiet location near Cottonwood Park. Featuring 3 Bedrooms, 3 Bathrooms, 2 Car Garage and over 2,550 Square Feet. Click Here to Tour this Home for Sale in Colorado Springs. The open floor plan is perfect for entertaining with a spacious formal living room, large kitchen with ample cabinet and counter space, dining area and family room with a cozy gas fireplace. Unwind in the upper level master retreat with an attached private bathroom and walk in closet. There are 2 additional bedrooms and a full bathroom that complete the upper level. This home also includes newer hardwood floors throughout the main level, new countertops, new carpet, upgraded light fixtures, upgraded faucets, upgraded door handles/knobs, recently serviced and inspected furnace that includes a 1 year transferable warranty and a recently serviced and inspected fireplace. The unfinished basement is perfect for future expansion and the private backyard is perfect…

Home for Sale in Colorado Springs

Move in ready 2-Story Home for Sale in Colorado Springs with 4 Bedrooms, 3 Bathrooms, 2 Car Garage and over 1,800 Square Feet. Click Here to tour this Home For Sale in Colorado Springs. As you enter this home, there is a spacious family room on the main level with a cozy gas burning fireplace that is open to the kitchen and eating area. The open kitchen features ample cabinet and counter space, large island, pantry and walks out to the backyard. Unwind in the upper level master retreat that includes walk in closet and an attached bathroom with dual sinks, soaking tub, free standing shower and views of Pikes Peak. There are 2 spacious secondary bedrooms on the upper level, full bathroom and laundry. The finished basement includes a family room, 4th bedroom and bathroom. This home also includes new exterior paint, interior recently painted, updated electrical panel and rough in for hot tub. Enjoy summer days on your expansive patio with beautiful Pikes Peak views and fully landscaped ya…

Purchasing a Home in Colorado Springs? El Paso County Bond Money Available

-FHA and VA loans

-Funds can be reserved Monday through Friday 8AM-6PM Mountain Time excluding holidays

-4% Assistance Grant no repayment

The borrower receives a 30 year, fixed rate, fully amortizing first mortgage loan with 360 level monthly payments as well as an Assistance payment of 4% of the original principal Note amount to apply towards down payment, closing costs and/or prepaids. If the seller agrees to pay all of the borrower’s closing costs and prepaids then the remainder of the 4% assistance grant will be applied at closing as a principal reduction because the program does not permit any cash back to the borrower except earnest money can be returned.

-No minimum contribution from the borrower unlike CHFA (Colorado Housing Finance Authority) that requires $1,000.00.

-There is no first time home buyer requirement

-Minimum FICO score 640.

-The maximum DTI is 45% regardless of AUS (Automated Underwriting) approval.

-Homebuyer Education is not required b…