March 2017

Found 5 blog entries for March 2017.

Tax Tips for veterans and first-time homebuyers

Buying a home is an exciting time in many people’s lives. It’s the point in your life when you stop paying rent and start building equity with a mortgage. While there are many practical benefits to owning a home, something many people don’t discuss is the tax breaks.

As tax season is upon us, let’s take a look at some of the unique tax breaks that homeowners are able to take advantage of:

Mortgage Interest

For many first-time home buyers, one of the most pleasant surprises come tax season is the knowledge that your mortgage interest is tax-deductible. At the start of January, you should have received a notice from your lender letting you know how much mortgage interest you paid throughout the year. Homeowners are allowed deduct the tax from

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What You Should Do Before Shopping For A Home in Colorado Springs

Many seasoned home buyers have been through the process and already know what they want and need. But if this is your first rodeo, you may not know what to look for when buying a home or where to even start. The home buying process can be emotionally charged at the best of times, so to help you stay on track and find exactly what you’re looking for, here are a few things to think about before you start shopping.

1. Find out how much you can afford.

Before you start perusing the listings and falling in love with house after house, it’s time for a reality check. It’s better to find out what you can really afford before you get your heart set on a particular home. This is one of the most common mistakes of first-time buyers and it’s heartbreaking

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Should you choose a bank or broker for your mortgage?

So you’ve found your dream home and you want to start the mortgage process to make things official. There are two options for buyers when it comes time to secure their local mortgage lender: either go with a mortgage broker or get a loan from a bank. Many homeowners will tell you exactly what they think the right choice is and while their opinions may be valid, they are often biased by their own past experiences. To find out which option is best for your personal needs, continue reading as we look at what it’s like to work with a mortgage broker versus bank:

What is a Mortgage Lender?

A mortgage lender refers to a bank or other financial institution that specializes in mortgage products. Banks employ loan officers who work off a combination of

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What to expect at your first open house

Sometimes, a necessary part of the home buying process is attending a few open houses. These are great opportunities to see a home without the pressure of scheduling a viewing. For first-time homebuyers, open houses are a great way to see what other homebuyers are looking at and speak to a real estate agent without making a huge commitment.

Here are a few tips and tricks of things you can expect and ways you can prepare should you go to an open house:

Make the Most Out of the Day

One of the best ways how to prepare for an open house as a buyer is by researching the neighborhood and finding more open houses happening on the same day. That way, you can make the most of the afternoon and see as many properties as possible.

Dress Appropriately

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5 easy ways to boost your credit rating fast

With the rising cost of rent in Colorado Springs, you might be thinking this year is finally the year you’re going to buy a home. This is an exciting time for anyone, but there’s one big thing that stands between you and your dream of owning: a mortgage.

While you might feel financially ready to take on a mortgage, it’s ultimately up to the lender to deem you responsible and financially stable. One of the ways they do that is to take a peek into your credit history. Maxing out your credit card in college or forgetting to pay a bill here and there might not seem like a big deal at the time, but it could come back to haunt you later in life when trying to apply for a large loan.

If you've been informed you have imperfect credit and need to boost

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