3. Income: Is my income adequate to qualify for the monthly payment
I am comfortable making?
4.
Down payment and closing costs: Do I have enough money to cover
the required down payment and necessary closing costs (don't worry,
if you don't have much, we have a loan program that potentially
covers all the money you'll need to buy).
5.
Assets: Do I have enough back up financial support to qualify
and to safely be able to make the monthly house payment in the event
of some unforeseen circumstance?
6.
Tax benefits of Owning a Home: How much will Uncle Sam help
me with my house payment? Will this subsidy help me feel more comfortable
purchasing a bigger home than I currently anticipate I can afford?
At
Cherry Creek, we believe in making sure our clients, especially
first time home buyers, are as informed as possible so that:
- They
can make a sound decision about buying a home.
- They
can look for and buy a home with little or none of the stress
experienced by many first time homebuyers.
- They
will choose the mortgage that is compatible with their long and
short term financial goals and payment and equity objectives.
Your
first step should be to schedule your free, personal,
"Pre-Approval Consultation."
Traditionally, first time homebuyers look for their home prior to
consulting with a lender. This is a mistake you don't want to make
because:
- You
miss your best opportunity to eliminate stress
-
You may get excited about something you can't afford.
- You
may purchase a home for a lesser value than a knowledgeable loan
officer could approve for you..
- You
miss the opportunity to gain more power as a buyer.
- And,
worst of all, someone may tell you can't qualify, when in reality
you really can.
So,
please read all of the information included in this "First
Home" section, then call your Cherry Creek Mortgage Consultant
and schedule your free, "Pre-Approval Consultation". It
will be the best, most worthwhile hour you've ever spent.
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