Mortgage and Credit Information
Mortgage Information
How much house can you afford? How much will you need for a down payment? Which loan program is best for you?
Mortgages are one of the most confusing and stressful aspects of buying or selling real estate. We have dozens of articles with mortgage and credit information essential to your real estate purchase or sale.
This link will open a separate window to an extensive list of articles on mortgages. The articles are intended as a tutorial to guide you step-by-step though the real estate mortgage process.
Real Estate Mortgage Articles and Tips
Credit Information
Your credit is a major influence on your mortgage and purchasing power. Find out how to contact the credit bureaus, how credit scoring affects your home loan, and if need be, how to clean up your credit in preparation for a mortgage loan.
This link will open a separate window to an extensive list of articles and advice about your credit..
Credit Articles and Advice
Glossary of Real Estate Terms
Don't know your appraised value from your assessed value? What's the difference between a mortgage broker and a mortgage banker? What does a title company do, and what is title insurance? Get familiar with the real estate and mortgage terms you'll need to know!
This link will open a separate window to a list of terms on home buying, selling, and real estate financing terms.
Glossary of Real Estate Terms
When Realtors Recommend a Lender
One reason Realtors make suggestions is because they want to recommend someone reliable. Reliability is important to you, so that you don't end up with a horror story to tell. Reliability is also important to the seller, the agents, and everyone involved in your transaction because is the deal doesn't close, everyone walks away with nothing.
When Realtors recommend lenders, they often develop a certain amount of 'clout' in dealing with those lenders. This can help in a situation where you need to cut through 'red tape' and get something done quickly.
When buying a new home, dealing with a recommended lender is often very important. This is because there are a lot of intricacies involved in new homes that do not exist when buying resale. If you 'shop' around to find your own lender, you may end up with someone who quotes a great rate and is great with refinances or resales, but has no experience with new homes. This can lead to problems or delays.
Santa Fe Realty has teamed with High Country Bank to bring you some essential mortgage tools.
These links will open in a new window so when you're done with your mortgage calculations you can return to Santa Fe Realty to find your southern Colorado dream home, townhome or property.
Mortgage Calculators
Mortgage Pre-qualification form