Taking The Leap From Tenant To Centennial Homeowner

Taking The Leap From Tenant To Centennial Homeowner

Each day, any number of tenants see the perfect  Denver Metro Area  house for sale, yet fail to go ahead and investigate further. Making the move from tenant to homeowner is, after all, one of life’s major decisions — so no matter how perfect such a find might be, making the leap can seem daunting. 

According to the Rental Protection Agency, by May 15th,  there were more than 107,000,000 renters in the US — a number that increases by 2,600 a day. In other words, if you are a little unsure about snapping up even the most perfect 
Castle Rock  Centennial  house for sale, you are hardly alone. Still, there is that nagging suspicion that homeownership brings substantial financial advantages to some people…
Fortunately, there are concrete indicators that when a  Denver Metro Area  house for sale looks like a good fit for your family, it will be a good fit for your financial future, too. As a rule, if you qualify for a mortgage, you stand to benefit from homeownership, too.

One of the main reasons people don’t take advantage of an otherwise ideal house for sale has to do with their credit history. Qualifying takes a credit rating that pencils out to merit a mortgage with beneficial terms.
If you have savings that are substantial enough to serve as a down payment (generally somewhere between the FHA’s 3.5% to as much as 20%), you have an important leg up. Importantly, in the big picture, you need to gauge your overall financial stability.

No one can see 100% into the future, but even if a 
Castle Rock   Centennial  house for sale is a great value and ideal for you, unless in your income has been steady for at least two years, you probably should wait (and most lenders would agree).
With good credit, savings for a down payment, and a steady income, you are likely to belong to the group which sees substantial long term benefits from homeownership.

If you find a Castle Rock   Centennial   house for sale that seems well suited to your needs, here’s an undaunting first step: call me today to help get you pre-qualified!
 

Matthew Koller is part of the Carr Peck & Associates at Keller Williams. Carr Peck & Associates were 6th in Denver Metro home sales out of 5,000 agents and has been recognized by the Wall Street Journal and Real Trends as one of the top selling teams in the country. For more information feel free to  contact him   or call 303-704-3286.
  

Photo courtesy of www.bubbleinfo.com 


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Phone: 720-446-6301
Dated: May 21st 2013
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