If you’re like many people, you know that buying a home is a huge deal – and that you’ll have to sign a contract to facilitate the deal. Part of that contract will be dedicated to contingencies; those are conditions that either you or the seller must meet in order for the transaction to go [...]
Navigating the world of lending—particularly home lending—is tough (and it’s often confusing, too). Nonetheless, if you’re like most people, you’ll have to take out a mortgage loan to pay for your new home in Aspen, Basalt, Carbondale or the surrounding communities. And that means you’ll hear all kinds of financing lingo; you may even be [...]
A balloon loan is an option you may have when you're buying a home in Aspen - but what is it, and why do people use them? What is a Balloon Loan? A balloon loan is a kind of loan that doesn't fully amortize over its lifetime. At the end of the loan, a balloon [...]
If you're buying a home, you'll have plenty of options when it comes to financing - and one of them will include choosing between a fixed rate and an adjustable rate mortgage. What is a Fixed Rate Mortgage? A fixed rate mortgage is one in which your interest rate remains the same over the lifetime [...]
Whether you’re buying a luxury home in Aspen, a ranch in Basalt, or a condo in Snowmass, you’re most likely going to take out a mortgage. Mortgages aren't free, however, so you’ll always find mortgage fees tacked on. (If you want to learn more about mortgage fees and what they pay for, talk to your lender or your [...]
