You've probably heard that interest rates are at ALL TIME HISTORIC LOWS. That means if you were to get a mortgage for a home right now, you would pay less per month than you have ever been able to. The current interest rate for a conventional mortgage is below 3.5%. In 1981 it was more than 18%! That's a difference of $1700 per month ($940.14 vs. $2646.34) that you would have had to pay to own a home. That's a pretty big difference.
Reproduced with the permission of Mortgage-X.com
After hearing that you may be considering becoming a home owner. So, where do you start?
K&A Properties is a team of Boulder County Realtors that is on a mission to help first time home buyers understand the home buying process! We've put together a video series for you that you should watch before you search for a home in Boulder County.
Short sales in Boulder County
Foreclosures in Boulder County
Who are the people involved in a real estate transaction
How to go about getting a mortgage
The video series is up on YouTube and its free to watch. You can even share it with your friends if you like.
If you are looking for more information about the home buying process in Colorado you can visit our blog Where is Boulder Colorado?
Or send us an email at KenCrifasi@kw.com
Of course, if you would like us to help you find a great home, you can call us right now 303-956-1771.