By Angela Lanfranco
Tips for a First Time Home Buyers in Aurora, Colorado
Golden Lenders has heard all the same variations that first time home buyers in the Aurora, Colorado area hear. Don’t you want to own your own home? Paying rent is a waste of money. Isn’t it time you “settled down” and got a home? Sound familiar? Well, despite the negative connotation that seems to flow along with all this “advice”, owning a home is an important milestone in your life, and should be considered, once you have the right information in place to gauge it. Ready to own a home? Consider the following.
How Much Can You Afford?
More than 80% of homebuyers begin their search for a home online. Seeking out loan parameter and financing options will help you to decide the price range you can comfortably afford. Golden Lenders offers first time buyer rates and great loan options for you.
How Long Will You Need to Search
Once you know your price range, it’s time to begin seeking out your new home in earnest. Armed with the vision of your perfect home, take the time to hunt, online at first, for the home that looks like it fits your perfect location, size, price and style. Find a few of these options, 3 or less, and call your realtor to set up an appointment go to the property and see it in living color.
Start slow, and take real time to view the property. Ask questions about age or any existing issues with the property, the neighborhood and any other juicy tidbits that the realtor may have in their notes. This is going to be your home, so be thorough.
On that note, there is no need to see dozens of homes and spend weeks visiting properties. If you are specific as possible about your search criteria, then you’ll find a few good prospects easily.
How Can You Compare the Homes You View?
- Bring a digital camera along and start each series of pictures with a shot of the house number or the for sale sign with the MLS number.
- Makes notes or bring a mini recorder for your Q and A with the realtor.
Take about a week between your home viewing to mull over your notes and pictures before making your final choice, then contact Golden Lenders for next steps to buying your first Aurora home.
By Angela Lanfranco
Colorado Home Loans Going Strong Compared to Nation
You would probably assume that Colorado home loans were down in 2008 from 2007, with all the talk about what a bad shape the real estate industry is in. However, Colorado home loans and Colorado home financing in general actually saw an upswing in 2008. Much of the public’s misunderstanding of what is happening in real estate and how Colorado home loans are being affected is due to one thing; the media.
The media is often quick to jump to conclusions. Sometimes they don’t have any real knowledge of Colorado home financing stats, Colorado mortgage rates or anything within the world of real estate. They falsely assume all Colorado home loan lending sources are the same and thus, refer to them all as banks. If you’re in the market for a new home and need to find good Colorado home financing, then please take heed to this. Colorado Bankers Association President, Don Childears, says, banks in Colorado are lending better than ever in the past and that they have the means to confidently do it. That’s great news for anyone seeking Colorado home financing.
So where does the bad media hype come from? At one time, banks were the majority of lenders for Colorado home loans, but then finance companies came into the picture and took up a large part of the Colorado home financing business. Actual banks were lending very little of the overall Colorado home loans that were being processed. Then these finance companies dramatically cut back the amount of Colorado home loans they were approving, leaving banks to try fill that void. Commercial banks are actually lending more for Colorado home financing transactions, but it’s hard to see because it’s difficult for them to make up for the vast lending the finance companies were doing.
Of course, it’s important to note that we’re talking about Colorado home loans and commercial banks in Colorado… not overall for the nation. Most Colorado home financing through banks still have the same standards a borrower must meet, while others have scrutinizing standards. As a result, good credit, income, and assets are simply a requirement. Working with a smaller to medium size lender is a better way to go. If your credit is decent, and you have an income, chances are we can help.
This doesn’t mean you have to have a flawless record to get a Colorado home loan. If your credit isn’t perfect, try talking to one of our consultants to see just what kind of Colorado home loan you qualify for. Residential Colorado home loans may not be as easy to come by as they once were, but it’s definitely worth the effort considering the low prices you can get for a new home for right now. Not to mention the currently low Colorado mortgage rates on Colorado home loans. Golden Lenders is here to help.
By Angela Lanfranco
Arvada Co Home Loans
Whether your securing a Arvada Co home loan or Denver Co home loan, now is a good time to buy or refinance. Owning a home in Colorado has pretty much always been considered a wise choice and sound investment especially in Arvada Co. The mainstream news media has many worried about their investments causing most to wonder if they should invest into anything. The truth is home financing for Arvada Co is currently the best it’s been in years. In fact, 30-year fixed mortgages are as low as 5% in many areas; that’s the lowest it’s been since 1971.
Arvada CO Home Loan Refinancing
If you’re currently paying on a Arvada Co home loan or a Denver Co home loan, consider refinancing to take advantage of these rates. Now is the time to act because rates could change soon. Don’t assume everything is at its worst because of what you hear on the news. Take a good look at our Colorado online mortgage website and speak with a loan consultant from Golden Lenders Colorado Lending. Chances are, you’ll realize there are exceptional deals for Arvada Co loans and elsewhere across the state of Colorado. On top of home prices bottoming out, your interest rate on a home loan in Colorado right now is also extremely low.
Denver Arvada Area Home Loans
Buyers who get a home loan in Denver Co today could be handsomely rewarded in the long run. Everyone investing , but because of enormous media attention degrading the current real estate market, many people are hesitant. Simply put, thr amounts of Arvada Co home loans and Denver Co home loans could easily see an increase toward the end of this year if the economy receives a boost. Anyone who is in a position to invest, consider a Colorado home as an investment.
Good News on Denver Home Loans
Denver is likely to lead the way out of the bad times. Colorado mortgage brokers can simplify the reasons why this is the place to be and invest right now. Chairwoman of the Jefferson County Association of Realtors, Kathie Capra-Bowles says “If the inventory of homes drops a little and interest rates drop or stay the same, Denver will likely be one of the seven main cities leading the way out of the real estate slump.” Wouldn’t it be nice to have investments there? Check out our Colorado online mortgage web site for the best info on Arvada Co home loans and other Colorado area mortgages.
By admin
Welcome to the new Colorado Home Loan Website powered by Golden Lenders. Although the web site has been redesigned, you’ll find the same client satisfaction that we continue to provide to the entire State of Colorado. We’ve added lots of new features to the web site to promote Colorado Home Loan education. You’ll find an array of information about Colorado Home Loan Rates, Colorado VA Loans, and be sure to download the GoldenLenders Smartbook.
For 2009 there are a lot of new incentives such as the 2009 Tax Credit and the $100 Down HUD Program. We look forward to serving the entire Colorado State providing loan education, fast loan approvals, and satisfying our clients. Be sure to contact us for your next Colorado Home Loan.
GOLDEN LENDERS.NET
“Opening more Doors to Home Ownership”
