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
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
Avoid a headache and read this post to avoid 7 common pitfalls homebuyers make after getting pre-approved for their home loan.
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
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.