Aug. 20, 2019

Highlands Ranch, Colorado

 

About the community of Highlands Ranch Colorado homes for sale

 

 

Coming in at 3rd for best suburbs to live in and best places to raise a family in the state of Colorado is Highlands Ranch. Highlands Ranch has an overall A+ Niche rating with schools, housing, and being "good for families", receiving an A+.

 

Overall Niche: a+

Schools: a

Housing: a-

Good for families: a+

Crime: 

Nightlife: b+

Diversity: b

 

Highlands Ranch offers 19 parks with several off-leash dog areas, 60 miles of trails, 3 community gardens, and over 2,000 square feet of completely undeveloped land for exploration adventures.

 

The Highlands Ranch Mansion is also located here. This historic landmark is surrounded by a working ranch with historic barns, ranch houses, a bunkhouse, corrals, pastures, and an iconic windmill. The current park Highlands Ranch Park is 50 acres with 1.4 miles of soft surface trails that are a part of the Highlands Ranch Metro District’s trail system. 

 

Highlands Ranch was voted:
#3 best suburbs and #7 best places to live in Colorado

#3 best suburbs and #4 best places to raise a family in Colorado

#4 best suburbs to buy a house in Colorado

#14 best suburbs for young professionals in Colorado

#16 best places to buy a house in Colorado

#20 suburbs and #23 places with the best public schools in Colorado

#21 best places to retire in Colorado

 

True Realty's team is excited to share this wonderful community with you. If you are in the process of buying / selling your home in Highlands Ranch, Colorado - we would be honored to chat with you. Please give us a call @ (720) 305-0757.

Posted in Community Info
Aug. 18, 2019

Planning to move? Should youI sell your home before listing yours for sell?

 

 

Should you sell your home first before buying another

 

More than 71% of home sellers look at homes for sale while their current home is listed for sale. In hindsight, 24% of those sellers stated that they wished they would have began the selling process earlier.  

 

Most home sellers ask themselves, “should I buy or sell my home first?”

 

There are a handful of factors that should go into this decision making process:

 

Market Conditions: Is this now a “seller’s market”? In a seller’s market, there are tons of buyers looking for homes but there are few homes available, making this a “seller’s market”. 

 

If you are in this season, you will be included in this mix and competing against one another for the handful of homes available on the market. This is the reason that manh home sellers elect to rent for a period of time after selling their home and until the market changes and in their favor. Some cannot even fathom the idea of “packing again” and add a move to the mix. You’ll have to determine which of the two scenarios you’d best handle. 

 

Financial Situation: Can you face two house payments? If you don’t have cash reserved, you’ll need the equity in your home to purchase the new one, meaning that you’ll have to either sell your current home before buying another or consider alternative solutions such as a Bridge Loan, Home Equity Line Of Credit, borrow against your 401K, simultaneously close. 

 

If you would like to sit down with one of our team members to discuss your options, you can simply call 720-305-0757 and ask for a free, non-obligatory consult. There is no pressure and we will offer honest advice that is truly in your best interest. Give True Realty a call today.

Posted in Buying
Aug. 11, 2019

Newlywed Home Buying Tips

 

Buying Your First Home Together With True Realty


Getting married is a very exciting time and momentous moment. Buying your fist home together as a couple should be just as joyous and exciting, yet can sometimes be overwhelming. We have a few tips on how to discuss options prior to beginning your home search.


Finances + Credit
If it hasn’t already been discussed, learning of each other’s current financial status and credit history is better to do prior to starting your search. The type of home that you can afford and the loan amount that you can qualify for depends on your joint financial status and credit history. If these two key items aren’t discussed first, you could be wasting your time viewing homes that are out of your reach at the moment.

Mortgage Options
Do you both have a fantastic credit history or is one credit history stronger than the others? While it is customary to believe both people need to be involved in the mortgage process, there are times where it is beneficial for only one person to be on the loan. If one credit history is not extremely strong and/or has debt or delinquencies involved, that person’s credit can drive up the interest rate, drive up the down payment, and drive down the approved loan amount. This is an example of where it may be beneficial for only one person to be on the home loan.

Type of Home + Amenities
One of the best ways to figure out on what type of home will make both of you happy is for each of you to make a list of your must-haves and wants in rank of importance then combine the lists. Don’t forget that marriage is all about compromise! The number one item on one list may be the number thirteen item on the other list. One example of compromise might be if one person can’t have their number one, maybe they can have both number two and number three on the list.

Here is a list of things to keep in mind:

  • Type (single-family, townhome, condo, manufactured)
  • Construction (vinyl, brick, stucco, etc.)
  • Location (commute time, neighborhood, school district)
  • Number of bedrooms and bathrooms
  • Square footage
  • Lot size (backyard, front yard, no yard)
  • Parking (garage, carport, street, parking lot)
  • Layout design (open floor plan, traditional, split)
  • Amenities (gas vs electric, deck, front porch, fireplace, etc.)
  • Flooring (hardwood, tile, carpet, laminate, etc.)
  • Finishes (countertops, cabinets)

Think of the Future
Are you going to have kids? Do you already have kids? What school districts are your kids going to attend or currently attend? Do you plan on having animals? How long do you anticipate living in this house? These are all fantastic questions to ask yourselves when considering what home best fits your needs. Take these into consideration and see if you can come up with more situational questions that may affect your future living situation.

Purchasing Process
If neither of you has owned a home before, learning of the home buying process can be a bit overwhelming. Here is what to expect.

  1. Apply for a mortgage and get pre-approved
  2. Contact a realtor
  3. Tour homes
  4. Choose a home and put in an offer
  5. Complete mortgage approval
  6. Home inspection
  7. Final walk-through
  8. Close

Home buying can be a challenging process when combining the interests of multiple people. Don’t worry, it is possible! Be sure to be honest with each other about what you can and cannot live without because living together in a home you hate is not the way you will want to start off a marriage. 

For a free consultation with no obligation - please feel free to give us a call @ (720) 305-0757.

 

Aug. 1, 2019

Mortgage rates fall

 

Falling Interest Rates Presented By True Realty

Mortgage rates fall, reaching nearly three-year low!

According to the National Association of Realtors, all four major US regions (The south, east, west and midwest) saw contract signings increase, with the west seeing the biggest spike in activity. Pending home sales give a good indicator of future housing activity because they're based on homebuyer contract signings. What's more, year-over-year pending sales surged 1.6%, breaking a 17-month long losing streak of annual declines.

Lawrence Yun, NAR’s chief economist, said upswing in contract signings is a good sign for housing, which has seen somewhat sluggish activity this year. “Job growth is doing well, the stock market is near an all-time high and home values are consistently increasing,” Yun said in a statement. “When you combine that with the incredibly low mortgage rates, it is not surprising to now see two straight months of increases."

mortgage rates fell

Sam Khater, Freddie Mac's chief economist, said in a statement that he expects the lower mortgage rates to positively impact the housing market .... "Mortgage rates continued to hover near the three-year lows and purchase applications demand has responded, rising steadily over the last two months to the highest year-over-year change since the fall of 2017," he said. "While the improvement has yet to impact home sales, there's a clear firming of purchase demand that should translate into higher home sales in the second half of this year."

The number of potential buyers exceeds

he number of homes available here in Colorado!

Ready to sell your home?

Give True Realty a call for a

free consultation @ 720-305-0757.

 

Real Estate Market Report

 

 

 

 

 

July 30, 2019

Greenwood Village

 

 

Greenwood Village Colorado

 

 

With an A rated public school system and easy access to parks and trails, Greenwood Village is one of the best suburbs to live in within Colorado. Greenwood Village actually ranked in as #12 for best suburbs to live and #13 for best places to retire in Colorado. Greenwood Village residents are very active and health-conscious. The Greenwood Athletic Club and Tennis Center is a 150,000 premier health club, perfect for those who love to stay active. When looking for an outdoor activity, Greenwood Village holds an equestrian park along with 280 acres of parks with 47 miles of trains, including Cherry Creek State Park which contains an off-leash dog park. Greenwood Village also appeals to the artistic side as well with Fiddler's Green Amphitheater and the Curtis Arts and Humanities Center which holds the annual All Colorado Art Show.

 

Overall Niche: A+

Schools: A

Good for families: A

Crime: B-

Nightlife: A

Diversity: B+

 

#10 suburbs and # 13 places with the best public schools in Colorado

#11 best suburbs for young professionals in Colorado

#12 best suburbs to live in Colorado

#13 best places to retire in Colorado

#15 best suburbs and #23 best places to raise a family in Colorado

 

  • Active and health conscious
  • Easy access to parks and trails
  • Greenwood Athletic Club and Tennis Center - 150,000 sq ft premier health club
  • 280 acres of parks 47 miles of trails
  • Equestrian park
  • Cherry Creek State Park: off-leash dog park
  • Fiddler’s Green Amphitheater
  • Curtis Arts and Humanities Center: host of annual All Colorado Art Show

Greenwood Village, Colorado is truly a great place to call home!

 

View homes for sale in Greenwood Village

 

 

Posted in Community Info
July 26, 2019

Denver Metro Parks and Trails

 

Colorado Parks and Trails

 

Enjoy a day outdoor with family and friends and experience the beauty of some of the most scenic views in the US. True Realty has compiled a list of local parks and trails for your enjoyment:

 

 

Cherry Creek State Park

https://cpw.state.co.us/placestogo/parks/CherryCreek/Pages/default.aspx

·       Trails map: https://cpw.state.co.us/placestogo/parks/CherryCreek/Documents/CherryCreekTrailsMap.pdf

 

Chatfield State Park

https://cpw.state.co.us/placestogo/parks/Chatfield/Pages/default.aspx

·       Area map: https://cpw.state.co.us/placestogo/parks/Chatfield/Documents/ChatfieldAreaMap.pdf

·       Trails map: https://cpw.state.co.us/placestogo/parks/Chatfield/Documents/CPW_CHA_1of1.pdf

·       Campground map: https://cpw.state.co.us/placestogo/parks/Chatfield/Documents/ChatfieldCampgroundMap.pdf

 

Roxborough State Park

https://cpw.state.co.us/placestogo/Parks/roxborough

·       Trails map: https://cpw.state.co.us/placestogo/parks/Roxborough/Documents/Roxborough-Trails-Map.pdf

 

Castlewood Canyon State Park

https://cpw.state.co.us/placestogo/Parks/castlewoodcanyon

·       Trails map: https://cpw.state.co.us/placestogo/parks/CastlewoodCanyon/Documents/Castlewood-TrailMap.pdf

·       Area map: https://cpw.state.co.us/placestogo/parks/CastlewoodCanyon/Documents/Castlewood-StateParkMap.pdf

·       East facilities map: https://cpw.state.co.us/placestogo/parks/CastlewoodCanyon/Documents/Castlewood-EastMap.pdf

·       West facilities map: https://cpw.state.co.us/placestogo/parks/CastlewoodCanyon/Documents/Castlewood-WestMap.pdf

 

Staunton State Park

https://cpw.state.co.us/placestogo/parks/staunton

·       Trails map: https://cpw.state.co.us/placestogo/parks/Staunton/Documents/StauntonTrailsMap.pdf

 

Barr Lake State Park

https://cpw.state.co.us/placestogo/parks/BarrLake

·       Area map: https://cpw.state.co.us/placestogo/parks/barrlake/Documents/BarrLakeAreaMap.pdf

·       Trail map: https://cpw.state.co.us/placestogo/parks/barrlake/Documents/CPW_BAR_1of1.pdf

 

Eldorado Canyon State Park

https://cpw.state.co.us/placestogo/Parks/eldoradocanyon

·       Area map: https://cpw.state.co.us/placestogo/parks/EldoradoCanyon/Documents/EldoradoAreaBrochure.pdf

·       Climbing routes: https://cpw.state.co.us/placestogo/parks/EldoradoCanyon/Documents/RockClimbingRoutes.pdf

 

Golden Gate Canyon State Park

https://cpw.state.co.us/placestogo/Parks/goldengatecanyon

·       Trails map: https://cpw.state.co.us/placestogo/parks/GoldenGateCanyon/Documents/GoldenGateTrails.pdf

·       Region map: https://cpw.state.co.us/placestogo/parks/GoldenGateCanyon/Documents/GoldenGateRegionMap.pdf

·       Backcountry camping map: https://cpw.state.co.us/placestogo/parks/GoldenGateCanyon/Documents/BackcountryCampingMap.pdf

·       Reverend Ridge camping map: https://cpw.state.co.us/placestogo/parks/GoldenGateCanyon/Documents/GG_ReverendRidge_C1217.pdf

·       Aspen Meadow camping map: https://cpw.state.co.us/placestogo/parks/GoldenGateCanyon/Documents/GOLDEN-AspenMeadow.pdf

·       Green Ranch hunting map: https://cpw.state.co.us/placestogo/parks/GoldenGateCanyon/Documents/GreenRanchHuntingMap.pdf

 

Bear Creek Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Bear%20Creek%20Park.pdf

 

Prairie Uplands Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Prairie%20Uplands%20Park.pdf

 

Westerly Creek Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Westerly%20Creek%20Park.pdf

 

Greenway Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Greenway%20Park.pdf

 

Sanchez (Paco) Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Sanchez%20(Paco)%20Park.pdf

 

Lakewood and Dry Gulch Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Lakewood%20and%20Dry%20Gulch%20Park.pdf

 

Bible (James A) Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Bible%20(James%20A)%20Park.pdf

 

Hentzell (Paul A) Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Hentzell%20(Paul%20A)%20Park.pdf

 

Bear Valley Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/ParkArt_Bear%20Valley%20Park.pdf

 

Lookout Mountain Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/LookoutMtn_ParkMap.pdf

 

Genesee Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/Genesee_ParkMap.pdf

 

Red Rocks Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/RedRocks_ParkMap.pdf

 

Little Park and Bear Creek Regional Trail

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/Corwina_ParkMap.pdf

 

Corwina, O’Fallon and Pence Parks

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/corwina_ofallon_pence.pdf

 

Dedisse Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/Dedisse_ParkMap.pdf

 

Pence Mountain Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/Pence_ParkMap.pdf

 

Bergen Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/parks/trails/Bergen_ParkMap.pdf

 

Echo Lake Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/Echo_Lake_Parkmap.pdf

 

Fillius Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/parks/trails/Fillius_ParkMap.pdf

 

Matthews/Winters Park

https://www.jeffco.us/DocumentCenter/View/9376/MatthewsWinters-Park-Map?bidId=

 

Summit Lake Park

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/ParkArt/SummitLake_ParkMap.pdf

 

Pioneer Trail

https://www.denvergov.org/content/dam/denvergov/Portals/747/documents/parks/trails/Trails_Pioneer_Trail.pdf

 

Denver Urban Trails

https://www.denvergov.org/content/denvergov/en/denver-parks-and-recreation/parks/trails/urban-trails.html

July 23, 2019

Colorado School News

 

Colorado School News

 

 

We are fortunate to have some of the best schools in the state of Colorado! Here are just a few updates:

 

Englewood

Bishop Elementary construction will be completed in January 2020. Students of Bishop Elementary will still be located in the old Maddox Early Childhood building until December 2019

http://www.englewoodschools.net/bishop-elementary-construction-information

 

Cherrelyn Elementary construction is coming to completion and students will start the 2019-2020 school year in the new Cherrelyn Elementary building.

http://www.englewoodschools.net/cherrelyn-elementary-construction-information

 

Principal Skaggs of Colorado’s Finest High School of Choice was named Colorado Principal of the Year!

http://www.englewoodschools.net/news/colorados-finest-principal-skaggs-named-colorado-principal-year



Greenwood Village (Centennial)

If your child is new to AP classes, Cherry Creek High School has an AP Boot Camp that begins August 1st that will help students adjust to the demand that is required of AP classes. Register for AP Boot Camp here - https://cherrycreekhs.revtrak.net/gr-ap-boot-camp-2019/



Littleton (Centennial)

Kids eat free all summer long at Littleton schools! Here you can find the schedule, menu, and locations - https://littletonpublicschools.net/district/ann/kids-eat-free-all-summer-long-summer-food-services-program



Aurora

School-based health centers are still open during Summer Break - https://aurorak12.org/2019/05/24/health-centers-open-summer/

 

Kids eat free all summer long at Aurora schools! Here you can find the schedule and locations - https://aurorak12.org/2019/05/24/free-summer-meal-program-begins-may-28/

 

9News: Superintendent of Aurora Public Schools presents early-stage framework for the future to Board of Education - https://aurorak12.org/2019/06/21/9news-superintendent-of-aurora-public-schools-presents-early-stage-framework-for-the-future-to-board-of-education/



Parker - Douglas County

Out of the 1.6 million students who entered into the 2019 National Merit Scholarship Program, two Douglas County students have won a National Merit Scholarship - https://www.dcsdk12.org/about/our_district/news/2019_national_merit_scholarship_recipients

 

 

July 18, 2019

"Budgeting" Really Doesn't Have To Be A "Fun-Sucker"

Monthly Budget Habits

Budgeting is essential, allowing you to create a plan for the things you need, things that are important and prepare you for emergency situations. Budgeting will also allow you to significantly reduce your debt and the opportunity to invest towards your future, tuck money away for your children’s college fund, vacations, etc. “Budgeting” tends to have a “fun-sucker” reputation for many couples or those who are trying to figure out how to budget for the first time. Many view it as a way to take all the fun out of spending money – no more eating out, shopping or golf outings. That is not the case nor the purpose of a budget.

No matter how old you are or your current economic status, everyone benefits from a budget. A budget is one of the most successful tools for your financial future because it shows how much money you have coming in and how your money is being spent. Staying in tune with your budget will help you stay in control and get the most out of your money.

There are four easy ways to keep track and monitor your income and pay attention to your spending.

1.      Pen and paper: This is the by far the oldest method and the least expensive. Simply write down all sources of income and then all expenses. If the two balance, you’re ahead of the game.

2.      Spreadsheet: Microsoft excel is something that nearly everyone has installed on their computer. Many sites offer free samples and you can access a free personal monthly budget template here.  This will help you stay organize, itemize your resources and expenses as well as the math. You can sort your categorized your expenses to determine overall spend as well as income. You can even sort by month and forecast your budget for holiday spending or special occasions such as an upcoming graduation, wedding or the purchase of a new car. There are a plethora of ways to maximized your budget sheet. If you feel overwhelmed, one of our team members will be more than happy to assist so you can make the most of your budget sheet.

3.      Online software / apps: There are many free programs and apps available, enabling you to create a budget tracker, shopping lists, etc., allowing you to take charge of your finances. With the technology built in to our cell phones and other mobile devices, these tools can help you stay on track in real time, removing opportunities to overspend, splurge and buyer’s remorse. A couple of resources that you can check out are “Mint.com” and “EveryDollar.com”.

4.      Financial software: There are also several financial programs, desktop and cloud based, that you can use that allow you to have complete transparency, particularly if you have multiple resources of income that in turn create multiple outlets for expenses. “Quickbooks” and “Microsoft Money” are two leading software programs that you can check into.

Overall, you want to set goals, calculate your income and expenses, monitor your budget sheet, revisit from time to time to see how you can maximize your money and stay committed to the process. Many who are new to budgeting find it difficult to stay disciplined in the very beginning. If you can find a way to stick to the plan, we promise that the rewards are great and the satisfaction of accomplishment in itself is very gratifying. If you would like to chat with one of the True Realty team members to answer questions or lead you to a financial adviser, please give us a call @ 720-305-0757.

July 15, 2019

Housing Trends summer 2019 - Is the market up or down?

 

True Realty Colorado Housing Trends

Recent research indicates that the housing market for the Denver Aurora Metro is on the up. Mortgage rates have steadily dropped since the start of the year, motivating home buyers and strengthening the market. In fact, mortgage applications significantly rose the first week of June, indicating a summer boost.

Freddie Mac reported on June 13, the average rate for a 30-year fixed mortgage was 3.82%, the lowest since September 2017 and the start of 2019 where rates averaged 4.51%. In addition to buyers who can benefit from the low-rate currently at hand, many homeowners could benefit as well with a refinance.

freddie mac rates.png

The US average for home sales declined for the second month in a row. This is somewhat due to the shortage of affordable homes in many markets and a sign of a slowing economy. However, the housing market in Colorado is looking extremely well. Wallethub recently named Denver, Aurora and Colorado Springs in the top ten of the US large cities to start a business.

In April, the average home price in metro Denver area was a record high of $553,371. The average condo price was $368,565. The lag in home buying for metro Denver is coming to an end as inventory is up 11.4% and sales increased 4.2%. Additionally, buyers will take advantage of the recently lowered 30-year fixed mortgage rate and this will in-turn assist in a boost for the summer months. 

Colorado is ranked 2nd nationally overall economically and tied with Hawaii for the lowest unemployment rate. Cost of living and lifestyle are driving factors, especially those who are leaving the west coast at a massively high rate.  Denver has one of the best real estate market forecasts for this year, making investment appealing. Tourism for both the summer and winter months are attractive, boosting rental opportunities for those investors. 

Whether you are in the market to buy or sell your home, our team is a trusted resource to determine if now is the right time for you and your current situation. The housing market research helps play a role in deciding if this is your time to act, however much more goes into the decision making process and what is best for you. To learn more and to receive a free, non-obligatory evaluation, give us a call @ 720-305-0757.

Posted in Market Updates
July 13, 2019

Income? Debt? Down payment?

 

Buying A Home In Colorado

Whether you are looking to purchase a fixer-upper or your dream home, you’ll need to determine your home buying power. There are five variables that will determine your power to purchase the right home.

Where do you want to live? Every housing market varies, similar homes have different values and property taxes vary from state to state, sometimes city to city. Additionally, local rules and regulations as well as lenders will play a role in determining your home buying power within your market. Property type also determines eligibility as some home buying programs may only apply to certain types of property. Once you have determined where you want to live, also determine what type of home you are looking for – a small ranch home, condo, luxury home, etc. Then speak with a lender to make sure that you are looking in the right price range.

What is your annual income? After you have decided the location and type of property you are looking for, determine what you can afford. A lender will look at two years of income. Everything that contributes to your annual income strengthens your home buying power:

  • Salary

  • Commission

  • Investments

  • Miscellaneous income such as royalties, contract work, etc. 

 What is your monthly debt? What is the debt, not expenses, that you pay? Remember, groceries are not a debt but an expense. Examples of debt are:

  • Credit cards

  • Auto loans

  • Student loans

  • Any other loan, miscellaneous debt

Your income and monthly debt determine your debt-to=income ratio or DTI. This is figured by dividing your total monthly debt by our gross monthly income. As a rule of thumb, the lower the better.

Another rule of thumb is to not incur any new debts before looking for a new home. If you need a new car and a new house, get the house first. The new car loan will impact your home buying power if choose to purchase a new car before the new home.

What is your credit score? Your credit history plays a huge role in home buying power. Lenders look at your monthly debt AND your credit score to determine risk level. Home buyers with a better credit score will typically qualify for better loans and fixed rates. Your credit score is determined by:

  • Credit mix

  • New credit

  • Amount owed

  • Payment history

  • Length of credit history

The quicker that you pull your credit score, the quicker you determine your buying power. Many hesitate in taking this step because they are afraid that pulling a credit report will ding their score. If any at all, the points will be minimal and will not impact your buying power.

How much can you place on a down payment? You may have heard that the standard down payment is 20% of the home’s value. This is not a universal figure. There are many programs available for home buyers who are looking to lower the down payment percentage so don’t let the 20% scare you. However, know that a larger down payment will afford you a better home and possibly a better fixed mortgage rate works stronger in your favor for the long run. Your lender will help you determine how much of a down payment should be considered when taking into account your DTI and credit score.  

All in all, it is never too early to sit with a lender, determine your home buying power and bring you closer to purchasing the home of your dreams. True Realty can assist you with finding that lender, just give us a call @ 720-305-0757.

 

Posted in Buying