REACH OUT NOW 303-884-1546
REACH OUT NOW 303-884-1546
View all listings on the market now in the Denver Metro area. Find exactly what you are looking for with hyper detailed filter options.
Check out articles and infographics about the current market trends. You can find free resources in my blog and many articles to help guide your next moves.
Debt-to-income ratio divides the total of all monthly debt payments by gross monthly income, giving you a percentage. Lenders use your Debt-to-Income ratio and your credit score to determine your ability to afford a new home. Lenders have different debt-to-income ratio requirements. If a large portion of your monthly income is being directed toward your debt payments, then a lender may not be able to approve you for a loan until some of the debts are paid down. Connecting with a lender can give you personalized insights to see if you are on track for making your next home purchase.
I have several service providers in my network, such as General Contractors, Lenders and Home Staging Specialists. I can refer you to our collection of contacts to get in touch with the best in the area!
There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and budget. Danielle Hale, Chief Economist at realtor.com, explains:
“The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, . . . Another key point is to avoid stretching your budget, as tempting as it may be given the diminished purchasing power.”
In other words, it’s important to be mindful of what’s a necessity and what’s a nice-to-have when searching for a home. And the best way to understand this is to put together a list of desired features for your home search. The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll craft your list. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp of your budget, you can begin to list (and prioritize) all the features of a home you would like. Here’s a great way to think about them before you begin:
Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate advisor. They’ll be able to help you refine the list further, coach you through the best way to stick to it, and find a home in your area that meets your needs.
Putting together your list of necessary features for your next home might seem like a small task, but it’s a crucial first step on your homebuying journey today. If you’re ready to find a home that fits your needs, let’s connect.
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The statements and opinions contained in this advertisement are solely those of the individual author and do not necessarily reflect the positions or opinions of eXp Realty, LLC, or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.
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