Innis Mortgage Closing in Loveland, Colorado with Real Estate Agent Jordan Reilly and Home Loans by Sean Young
Denmon Mortgage Closing in Aurora, Colorado with Home Loans by Sean Young
Haggerty and Prince Mortgage Closing In Aurora, Colorado with Home Loans by Sean Young
Muro Mortgage Cloisng in Thornton, Colorado and Home Loans by Sean Young
Garcia and Salazar Mortgage Closing in Denver, Colorado with Real Estate Agent Sarah Heil and Home Loans by Sean Young
Falbo Home Purchase Closing, Denver, Colorado, with Loan Officer Sean Young and Real Estate Agent Kathy Falbo
Paul & Kristina Mortgage Closing in Northglenn, Colorado with Realtor Phil McDonald with Realty Advisors and Home Loans by Sean Young
Josh and Lindsay Mortgage Closing in Bailey Colorado with Realtor Brooke Rohrbough at Legacy Realty and Home Loans by Sean Young
Mortgage Closing in Frederick Colorado with Realtor Nicole Court with Village Brokers and Home Loans by Sean Young
Kesler Mortgage Closing in Lochbuie, CO with Team Whisler and Home Loans by Sean Young
Pearson Mortgage Closing in Highlands Ranch, Colorado with Realtor Justin Acker with Berkshire Hathaway and Home Loans by Sean Young
Volberding Mortgage Closing in Arvada, Colorado with Team Whisler and Home Loans by Sean Young
Kozak Mortgage Closing in Denver, Colorado with Team Whisler and Home Loans by Sean Young
Wood Mortgage Closing in Brighton, Colorado with Realtor Nicole Court and Home Loans by Sean Young
Gabe Cox Purchase Closing, Denver, Colorado with loan officer Sean Young and Nicole with Village Brokers -
Douglass Mortgage Closing in Firestone, Colorado with Team Whisler and Home Loans by Sean Young
Valdez and Stockley Mortgage Closing in Commerce City, Colorado with Realtor Nicole Court and Home Loans by Sean Young
Hodges Home Loan Closing in Colorado with Top Loan Officer Sean Young
Sara Bottger Closing
Kevin and Amity Hodges Closing
Post, VA Purchase Closing in Longmont, Colorado with Realtor Jeanene Diana and Loan Officer Sean Young
Strawbridge Purchase Closing in Aurora, Colorado with Realtor Nicole Court and Loan Officer Sean Young
Spina, CHFA Preferred 3 Percent Grant Closing in Lakewood, Colorado with Loan Officer Sean Young and Realty Advisors
Bartle, NHF Platinum 5 Percent Grant Purchase Closing, Lakewood, Colorado with Loan Officer Sean Young and Realty Advisors
Armstrong, first time homebuyer purchase closing, Arvada, Colorado with Loan Officer Sean Young and Realtor Duane Whisler
Thomas-Stahle Home Loan Closing in Loveland, Colorado with Realtor Ben Woodrum and Loan Officer Sean Young
Pedro Montes Home Loan Closing in Thornton, Colorado with Team Whisler and Loan Officer Sean Young
Christensen and Holley closing, NHF Platinum 5 percent grant, Frederick, CO with Loan Officer Sean Young 1
Blazer Closing, NHF Platinum 5 Percent Grant, Aurora, CO with Realty Advisors and Loan Officer Sean Young
Crabtree Home Closing in Longmont, Colorado with Realtor Steve Noel with Re Max Alliance and Loan Officer Sean Young
Douglass & Watson Closing in Westminster, CO with Realtors Team Whisler and Loan Officer Sean Young
Hoynak, CHFA SmartStep closing, Aurora, CO
McInnis Closing, VA Purchase, Aurora, CO with Loan Officer Sean Young
Kleman, USDA Purchase Closing, Brighton, CO with Realtor Mike Palmer and Loan Officer Sean Young
Leo and Debra Maestas VA Home Loan with Realty Advisors and Colorado Top Loan Officer Sean Young
Louisma Closing in Greenwood Village, CO with Realtor Nicole Court and Loan Officer Sean Young
Miller & Roscow home closing in Boulder, CO with Diana Caile with Steps Real Estate and Loan Officer Sean Young
Quinn Home Purchase Closing with Loan Officer Sean Young, Arvada, Colorado
Vigil USDA Home Purchase Closing with Loan Officer Sean Young, Milliken Colorado
Walk Closing, Colorado Springs, VA Purchase with Realtor Andrew Fortune and Loan Officer Sean Young
Kevin Price Purchase Closing with Realtor Mike Carroll and Colorado Top Loan Officer Sean Young
Santistevan Purchase Closing with Dean Yocum and Colorado Top Loan Officer Sean Young
Bair Purchase Closing with Real Estate Agent Nicole Court with Village Brokers Inc
Gonzales Home Purchase Closing with Team Whisler and Colorado Top Loan Officer Sean Young
Mahlin Purchase Closing with Colorado Top Loan Officer Sean Young
Luke Pacheco Home Loan Closing with Colorado Top Loan Officer Sean Young
Sean Stasica Closing with Colorados Top Loan Officer Sean Young
Yelena Sindiy Refinance Closing with Colorado Top Loan Officer Sean Young
Gabryel Montalbo Home Loan Purchase Closing with Colorado Top Loan Officer Sean Young
David Close Home Purchase Closing with Realtor Terri Cox and Colorado Top Loan Officer Sean Young
Stacey Wolf Home Loan Closing with Colorado Top Loan Officer Sean Young
Paul Grant Purchase Closing with Colorado Top Loan Officer Sean Young
Justin & Jessica Bollig Closing Photo with Colorado Top Loan Officer Sean Young
Kevin Price Purchase Closing with Realtor Mike Carroll and Colorado Top Loan Officer Sean Young
Sears - Closing Photo
Chris Wells Closing with Home Loans by Sean Young
Shane and Jess King Closing with Home Loans by Sean Young
Dan Appell closing with Home Loans by Sean Young
Shane and Jess King - closing
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Tiffany Castens Closing with Home Loans by Sean Young
Lacquement Closing 450x350
Lazzara Closing by Sean Young
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Storrs Closing Day with Nicole and JoAnn
Walk Closing by Loan Officer Sean Young
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Joe Granger Closing Day
Thanks for visiting. As a Colorado Mortgage Loan Officer with over 18 years of experience, I attribute my success to one simple quality: I take care of my clients!
Whether your goal is to purchase your dream home, refinance an existing loan, or consolidate debt, I can provide you with the expertise, professionalism, and customer service that will ensure that your transaction goes smoothly.
One of the most significant challenges that many people face when preparing to buy a first home relates to saving money for a down payment. While there are many different loan programs with varying down payment requirements, the fact is that it can still be difficult to save up a large sum of money. Some programs may require you to save as much as 10 percent or 20 percent of the sales price of the home.
You can employ a few different tips and techniques to save money for a down payment more quickly, and these are some of the options that others have successfully used to save money for their home purchase.
Make Saving Automatic
One idea that works well for many people is to make saving for your new home automatic. This may be as simple as scheduling a regular draft or transfer from your checking account when your paycheck is deposited into your savings account. Some employers may even facilitate this process by contributing some of your funds into a savings account on your behalf. With this option, the money would go directly into your savings account without you having a chance to spend it.
Take Advantage of Retirement Accounts
If your employer provides you with the option of investing in an employer-sponsored retirement account, you should take advantage of this option. Many will offer a dollar-for-dollar matching program, and this may essentially double the amount of money that is saved in the account.
More than that, the funds from many retirement accounts may be withdrawn without penalty if they are used for a first-time home purchase. There are some rules and regulations regarding this, so you should research this option more thoroughly.
These are among the two best options for saving money for a down payment for your first home purchase. There are other ideas that you can consider as well. For example, you may borrow from a whole life insurance policy, obtain a gift from a family member or even sell some of your personal belongings that you no longer need or use.
When you combine many of these ideas together, you may be surprised how quickly your down payment fund can grow. You can also speak with a mortgage professional to learn more about the actual amount of money that you may need for the down payment and closing costs.
With many people spending more time at home, lots of homeowners are taking advantage of the opportunity to improve their houses. If you are thinking about making an upgrade to your house, you probably have a budget you would like to stick to. On the other hand, there are several home renovations you should splurge on if you want to maximize the return on your investment.
Renovate The Kitchen
Many people say that the kitchen is the center of the house. This is where you will spend a lot of your time, and a lot of your guests will congregate in the kitchen as well. Because of how important the kitchen is to not only yourself but a prospective homebuyer, this is where you can maximize the return on your renovation investment. It is not unusual for you to recoup most of the money you spend improving your kitchen when you go to sell your home.
Replace Your Floors
Even though you may not think about the surface on which you walk, upgrading your floors is a great way for you to improve the value of your home. Your floors take a beating between heavy equipment, your feet, and your pets, so if you can replace your floors and give them an upgrade, you can increase the value of your home. There might even be new flooring options available, such as luxury vinyl plank, that were not available when you first purchased it. Consider upgrading your flooring to increase the value of your home.
Finish Your Attic Or Basement
One of the most direct ways to increase the value of your home is to increase your square footage. You do not necessarily need to complete an addition if you can finish your attic or your basement. You may want to work with a professional contractor who can help you turn your attic or basement into an extra room. You can use the extra space as a home theater, a gym, or a recreational space.
Invest In Your Home Through Renovations
These are a few of the top renovations on which you should consider going all out. Even though it might be expensive, these renovations can increase the value of your home.
Putting down the largest sum of money at your disposal might seem like the best way to go when it comes to your mortgage down payment. There is a certain amount of truth to this, but the reality is bigger is not always better.
Ideally, the amount of money you settle on for your mortgage down payment will take into account your monthly budgeting requirements.
The Big Advantages Of A Large Down Payment
Fewer Mortgage Payments: The larger the down payment, the higher the likelihood that you will be able to afford a shorter mortgage. Unlike some of the other benefits of large down payments, ensuring this perk is available to you is solely dependent on whether or not your post-down payment budget will be able to support the necessary payments.
Lower Payment Totals: If you choose to stick to a longer payment plan, each month’s payment will be significantly less than it would have been had you chosen to put less money down up front. Of course, if you choose a shorter mortgage you will be required to pay more.
No Need For Mortgage Insurance: When the down payment is a lower percentage of the purchase amount, lenders will often require clients to apply for mortgage insurance as way to protect themselves in the case that a client defaults on the loan. However, if the buyer is able to make a larger down payment, mortgage insurance can be completely avoided.
Lower Interest Rates: The interest rate on your mortgage is dependent on how much you need to borrow. The more you pay out of pocket, the less money you will have to borrow from a lender. This means the interest rate on the loan will be lower and you will lose less money on the loan overall.
Coping Smartly With A Small Down Payment
Making a larger down payment may not be an option for you in your current financial state. Opting to make a smaller down payment will still allow you to purchase your new home, with a few extra conditions. Higher interest rates and having to take out mortgage insurance are the two primary conditions you are likely to come across.
Once the down payment is made, your main concern becomes making the most of your monthly mortgage payments.
A great coping strategy is to get into the habit of paying off more than the amount due on as many scheduled payment days as possible. Another good strategy is to arrange for an accelerated payment schedule. These small adjustments could help you pay off your mortgage faster, and save you more money as a result.
When settling on a down payment amount, the most important issue to factor into your decision is whether or not you are capable of remaining financially secure after the payment is made.
If a larger down payment is going to dramatically impact your emergency funds, you may want to reconsider. Contact your local mortgage professional to learn more about choosing the most suitable mortgage for your budget.