Blogging About Loans: First Time Home Buyer in Castle Rock

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

First Time Home Buyer in Castle Rock

First time home buyer in Castle Rock

If you are a first time home buyer it's important to recognize the additional expenses that come with a home. Here is an excellent post by an expert on the east coast that makes some budgeting suggestions that apply to every first time home buyer. And if you qualified for the first time home buyer tax credit her suggestions on what to do with that money need to be taken seriously. If you are still considering whether or now is the time to be a first time home buyer or not, 2010 brings about many real estate investment opportunities. The first step for a first time home buyer is to be prequalified, which you can do online by clicking here: first time home buyer application. Or call for a no cost, no obligation consultation. We also have a list of qualified real estate specialists that stay current on available first time home buyer properties in our area.

Ruth Vogt Colorado Mortgage Lender
Ruth Vogt,
Business Development Manager (LMB100023827)
6025 South Quebec, Suite 110
Englewood, CO 80111

First Time Home Buyers - There Is More To Pay Besides Your Mortgage!

It's always a good idea to have at least 1% of the purchase price saved for surprise expenses. Believe me, there will be surprises! It would be better to have upwards of 3% saved but most buyers are lucky to have $1.00 and a cup of coffee left over after closing costs.

One thing that will help is if you received the $8,000.00 tax credit check, put it right into your savings account and pretend it's not there. Refer back to your home inspection report and that will tell you what you may need for the first few years and beyond when it comes to future repairs. Be prepared for those expenses now and it will save you headaches down road.

Make a budget for repairs. Do not count on borrowing money for repairs. Banks have really tightened up when it comes to Home Equity Lines of Credit.

Do not ignore those "little" repairs. Like a loose or broken kitchen or bathroom tile. When water gets in those crevices, you can end up with water extensive water damage down the road. It's better to spend $150.00 now than spending a few thousand later.

Buying a home is one of the largest investments you are going to make. When you plan things out carefully, it can be a great asset. With no or very little planning, your home will end up being a huge burden on your shoulders.

Have a Happy and Safe New Year!

Jackie Connelly-Fornuff
Coldwell Banker Residential

Babylon, NY 11702
Direct: (631) 274-1937
Cell: (631)








Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.  303-881-7849.


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Comment balloon 0 commentsRuth Vogt • January 01 2010 09:48AM