At Reichert Mortgage Team, our experts are dedicated to helping you, no matter where you are in your homeowner journey. The process of buying a home can quickly become stressful and overwhelming; we are here to help educate and provide you with resources that will make the process easier. Our experienced mortgage brokers will use their expertise to help make your dream home a reality.
Whether you are expanding your family and are ready to lay down roots, or are ready to transition from a renter to a homeowner, our helpful team is here for you. Becoming a homeowner is an exciting experience, but it can also seem like a formidable task. We want you to enjoy the homebuyer process as much as possible, because it is a journey that deserves to be celebrated. Being in a place in your life where you are ready to become a homeowner is a wonderful accomplishment. With the Reichert Mortgage Team on your side, you will be able to find a mortgage program that is perfect for you and will help you kickstart this new chapter in your life.
There are tons of resources available in the housing market, you just have to know where to look. We are going to walk you through some of the best programs that are on the market for first-time homebuyers.
As one of the top mortgage brokers in Colorado Springs, it’s important to us to provide resources for homebuyers in all stages of their home owning process. Whether it’s your first home, or your fifth, we want to be able to help you! As a first time home buyer, the process can quickly become confusing and overwhelming. With Reichert Mortgage Team on your side, you’ll have access to all the resources necessary to help make the process as simple as possible. One way we love to help our clients is by writing blogs filled with tons of information that they can reference. Make sure you take a look!
When sifting through the intricacies of mortgages in Colorado Springs, it is easy to get caught up in the thick of mortgage terminology and complex
Of course, if you’ve never owned a home before, then you qualify as a first-time home buyer. According to the FHA and multiple lenders, you may also qualify if:
The ideal percentage of your income that should go towards your mortgage is 28 percent. This amount includes what goes towards your taxes and homeowners insurance, if they’re not included in your mortgage payment.
DTI means debt-to-income ratio. It’s the amount of debt you pay each month compared to your gross monthly income. Typically, lenders want your DTI to be less than 38 percent, with no more than 28 percent going towards your mortgage payment.
When calculating how much money you’ll be spending on your home, you should include utilities, property taxes, homeowner association fees and city taxes. Some of these may not apply to your home, but if they do, make sure you include them in your monthly costs.
The best way to find a real estate agent that you’ll trust is by asking your friends and family for recommendations. Remember, before you choose a real estate agent, make sure to conduct interviews and research them online to make sure they’ll be a good fit for you.
When you apply for a mortgage, you’ll need to bring the following:
If you are ready to become a homeowner, then our energetic team of experts is ready to help! We will discuss all of your options with you, and make sure to find you the most affordable mortgage depending on your unique situation. Whether you are a veteran or are classified as low income, we have a plethora of knowledge to help find you the best rates and deals. Please get in touch and let us help you find an appropriate home mortgage.