In short, buying down interest rates is when a buyer puts down more money upfront to reduce interest rates and the mortgage amount in total
The 4 Types of Home Loans
Individual variances may impact which loan type is best for you and your situation. Below is a quick high-level breakdown of the 4 major loan types: conventional loans, FHA loans, VA loans or USDA loans
7 Things NOT to DO after You are Pre-Approved for a Home Loan
Avoid a headache and read this post to avoid 7 common pitfalls homebuyers make after getting pre-approved for their home loan.
How Much House Can I Really Afford?
This post is part of a series called “Tough Questions: Real Answers,” where I answer your burning questions about buying or a selling a home in Colorado, or real estate in general. To submit your question, email me at [email protected]com
Tidy Up Your Underwear Drawer: Preparing for Lenders
Be prepared for the qualified mortgage process as Qualified Mortgages are basically an “ability-to-repay” rule, so lenders will have to look deeper into a buyer’s criteria before making a loan.