 COLORADO REAL ESTATE INFORMATION RESOURCES
Home Sellers / Buyers Guide to Colorado Mountain Real Estate in Breckenridge, Keystone, Frisco, all of Summit County Colorado and near by areas.
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Mortgage Guide
Starting the loan Process
Once you are ready to make a commitment to a home, you must qualify for a loan.
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What sort of house can I afford?
Net monthly income, net monthly expenditures, and new home costs will help determine the loan you can qualify for.
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How much will my payments be?
Most new homeowners need to take into account the additional costs that will be paid monthly on a new home.
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Should I continue to rent or should I buy?
Home ownership is part of the American dream and gives you the opportunity to gain equity into a place you can call your own.
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The Life of a Mortgage
A mortgage is a loan from a financial institution that you pay back over a time period of 20 to 30 years. The 3 elements are Size, Interest, and Term to determine monthly payments.
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Know the Terms of Lenders (A-E):
Are you confused about what your lender is telling you? Check out the definition of the unfamiliar words so you can be educated and make knowledgeable decisions.
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Get pre-approved before you begin negotiating
With a pre-approval or pre-qualification letter in your hand, you're immediately in a stronger negotiating position with any seller.
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How to shop around for the best loan
Shoppers need to understand that the lender offering the best deal in one niche market is very unlikely to be the one offering the best deal in another niche market.
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Be Aware: Know your loan
Knowing whether or not a loan is right for you is ultimately your responsibility.
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How much can you afford?
If you are ready to buy a house, you should be aware of the calculations that need be considered with a mortgage payment.
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