When you’re buying a home for sale in Aspen, there’s a pretty good chance that you’ll need a mortgage loan – most people do. But if you’re like most people, there are a few mortgage myths swirling around that are tempting to believe. Check out these 3 mortgage myths it’s safe to kiss goodbye for […]
Should You Choose an ARM or a Fixed-Rate Mortgage?
If you’re like many people financing a home in Aspen, there’s a chance you’re a bit overwhelmed with all your financing choices – and that’s okay. There are dozens of loan products to choose from, but most mortgages come in two main types: adjustable-rate (ARM) and fixed-rate. So should you choose an ARM or a […]
What Should You Do if Your Buyer Can’t Get Financing?
If you’re like many people selling a home in Aspen, you know that your whole real estate transaction hinges on a prospective buyer being able to pay for your house or condo. But what happens if your buyer can’t get financing? Here’s what you need to know. What Should You Do if Your Buyer Can’t […]
Mortgage Term Glossary for Aspen Homebuyers
If you’ve never bought a home before, you’re going to be introduced to the world of mortgage lingo – and some of it is downright confusing. Before you begin shopping for the best rates on loans, have a peek at this mortgage term glossary. Mortgage Term Glossary for Aspen Homebuyers Adujstable-Rate Mortgage An adjustable-rate mortgage […]
4 Things You Need to Know About Mortgage Loans
If you’re like most people, you’ll need to take out a mortgage loan to purchase a home in Aspen. But how much do you really know about mortgage loans? Could you define the standard terms that lenders use, and do you know the ins and outs of borrowing? 4 Things You Need to Know About […]
What is an Adjustable-Rate Mortgage?
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 […]
What Determines Interest Rates?
When you’re shopping for a mortgage, you want to get the best possible interest rate – but how do you do that? What Determines Interest Rates? Your credit score and the market typically determine what interest rates you’re eligible for when you apply for a mortgage loan. However, there are a few things you can […]
What is a Balloon Loan?
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 […]
Fixed Rate vs. Adjustable Rate Mortgages
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 […]
What Are Mortgage Fees?
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 […]