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+Brian Quigley

Mortgage Blog

Colorado First Time Home Buyer: Essential Information

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@cobroker1 BrianQuigley.com

1. Know your budget

• Look at your finances• Determine what is affordable based on:• Current income• 5 to 10 years from now

• Establish Limits from the start to avoid mistakes

@cobroker1 BrianQuigley.com

2. Research and understand the different mortgage types

• Decide if Fixed Rate or Adjustable Rate Mortgage • Do you need a jumbo loan?• We can help you realize each loan is unique

@cobroker1 BrianQuigley.com

3. Understand your credit score

• Identify what your credit score is• Consult with a professional to ensure that you can get the home you want

@cobroker1 BrianQuigley.com

4. Compare rates

• Seek professional help• Understand local mortgage rates• Make sure you are getting the best deal

@cobroker1 BrianQuigley.com

5. Get pre-approved

• Do not negotiate until pre-approved• You may not be considered a serious buyer