What Is a Mortgage? How They Work and its Types
Have you ever wondered how people can afford to buy a house? Well, one big reason is something called a mortgage. It’s like a special kind of loan that helps you buy a home, even if you don’t have all the money upfront. In America, people owe a total of $12.14 trillion on 84.0 million […]
First Time Buyers: Don’t Shy From Starter Homes
Mortgage Maestro is always happy to help arrange first time home buyer mortgages. In fact, we consider it a privilege to do so. We know how tough it is to buy that first home when prices are so high and inventory is low. That being the case, a starter home represents a foot in the […]
How First-Time Home Buyer Programs Work
As a Colorado mortgage broker, we spend a lot of time talking about first-time home buyer’s mortgages. They have been around long enough that it is easy for us to assume that everybody knows what they are. But reality tells a different story. We frequently work with first-time buyers who have no idea that there […]
Mortgage Tips for Gen Z Buyers in Colorado
Gen Z is coming into its own. Members of the youngest adult population in America are taking their place in the culture. For many, that means buying a first home and starting a family. But how to go about financing that home? More importantly, what can Gen Zers do to make lining up a mortgage […]
What Can Homebuyers Do While Waiting to Close?
Closing on a home can take 90 days or longer depending on the circumstances of the transaction. Waiting for closing to occur can be an anxious time for buyers. They just want to finalize things so they can move in. Believe it or not, there are actually things buyers can and should do while they […]
First Time Home Buyer Programs in Colorado – Explained
Dreaming about buying a first home can be exciting. As for the experience itself, it is often more challenging than first time home buyers expect. Among the many challenges are coming up with a down payment, figuring out a realistic budget, and making all the numbers work. A good mortgage broker can help you figure […]
How to Prepare to Buy a Home in 2024
The year is 2024, and the real estate landscape has shifted dramatically. With new challenges and opportunities on the horizon, preparing to buy a home has never been more exciting. But where do you start? Dive into this clever home buying guide 2024 to navigate the home-buying waters with confidence and creativity. Understand the Current […]
Begin with a Pre-Approval This Fall
If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now and that’s creating some competition among buyers. But, if you’re strategic, there are ways to navigate […]
Mortgage Rates: Past, Present, and Possible Future
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have […]
Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages
If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for concern. Why ARMs Have […]
Why First Time Homebuyers Stick to a Budget
Homebuyers looking for a Colorado mortgage lender are no different from homebuyers in other parts of the country, in the sense that they usually go into the home-buying experience with a budget. Shopping around with a budget in mind makes good sense. But it is equally important to stick to that budget throughout. It’s not […]
Keys to Success for First-Time Homebuyers
Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that have made it more challenging in recent years: “Since […]
