Colorado Springs Real Estate

Buying a home in Colorado Springs  can be an exciting time, especially if it is your first home.  Calling one of our  experienced Colorado Springs real estate agent s is your first step in the home buying process.  Our team can assist with all questions related to the buying process from start to finish.  One of the most dreaded parts of buying a home is getting approved for a home loan.  In order to secure the best home loan options, our team suggests you clean up your finances before applying.  Here are a few tips for cleaning up your finances before  buying a Colorado Springs home . Analyze Your Debt Know how much you owe on ALL of your debts.  if you are not sure where to start, gather all your monthly bills with a pad of paper and pen.  Make a list of all debts such as amounts owed on vehicles, student loans, personal loans, or any other debts that can be paid off.  Creditors will look at the amount of debt you have...

Did you know that at least 35.8% of homes are owner-occupied with a mortgage? This study was from 2013, so we’re presuming the numbers may be even higher at this point. 32% of housing is renter-occupied, and 19.9% is owner-occupied without a mortgage. This means that the two most popular options are to either rent and pay money for something you don’t own, or take out a 30-year mortgage and invest in a Colorado Springs home that you own. Thursday, October 19th is Get Smart About Credit Day, so we wanted to share some interesting facts about mortgages with you to help you become better prepared for buying a Colorado Springs home , while also realizing that buying really is the way to go. Types Of Mortgages As with all types of loans, there are different forms of common mortgages that you will need to think about before you get it. Here are three types of mortgages and a short description about them. 30-year Fixed A 30-year fixed is one of the most popular mortgage types. The ...

The home mortgage. It's a confusing and intimidating topic to many - but it doesn't have to be. A large majority of American homeowners have a mortgage on their home, and with a trusted lender and a great real estate agent helping you on the homefront (literally), your mortgage can be a huge asset. Here are a few popular questions about mortgages, and whether you're a first-time homebuyer or a seasoned property owner, we hope that these can help you out. What documentation do I need to provide? Every loan is going to be a little bit different, and the documentation required can differ from one loan program to another. Several programs require your income, employment, and asset verification, while others require no documentation at all. It's important to work with your mortgage lender to learn what exactly will need to be provided. Do all loan programs require a down-payment? There are, in fact, programs that don't require you to pay a down payment. Depending...

One of the biggest decisions you make when buying a home is the type of home loan that you will choose. While there are several types available, each one can be changed based on the home you're looking for, or your financial situation. Before you get too confused about the varying types of loans that are out there, The Mike MacGuire Team would like to help you know what your options are. There are a few popular mortgage options in the United States, and the basic qualification information and down payments are a good place to start when researching what's best for you and your next home! What is a Mortgage? Before we get in too deep, we want to pose the question: What is a mortgage? This is the first place to start, after all, when you're buying a home. A mortgage is a loan that a bank or mortgage lender will give you to fund the purchase of your home. You generally want to only borrow 80% of the home's value - which means you'll want to try to put 20% dow...

Buying a home can be one of the largest expenses you may incur in your life. While it may seem intimidating, it can also be rewarding and exciting. One of the first decisions you'll need to make when looking at homes is your budget and then you can start the mortgage acceptance process. There are a few things you can start doing today to make you look more appealing to the lenders, and also make it easier to get approved. Check Your Credit Report Your credit report is a detailed report of your credit history, and will be used by lenders to see whether you can qualify for a loan and at what rate. You can get one free credit report a year from Equifax, Experian, and the TransUnion. If you plan your requests for reports properly, you can get one every four months, and keep an eye one any changes. Fix Mistakes When you've received your report, it's important to look it over and make sure that everything is correct. Sometimes errors can be made or old information hasn...