In todays video our preferred lender, John Gilfedder, goes over a quick housing market update and explains how this impacts you!

Here’s what John talks about in this video. Mortgage rates have been cooling down due to inflation numbers coming down month to month for the past 4 consecutive months. Since the end of July inflation has been tapering down which is awesome news if you’re a home buyer. 

Right now is a great opportunity to buy for new home buyers and if you are a new home buyer here are a few things you can do to prepare for buying a new home.

1. Check your credit – Most banks offer a soft score on your credit. The higher your credit score the lower your interest rates will be. 
2. Look at your down payment options- Ask yourself, how am I planning on obtaining my down payment? You need to have a solid plan on how you will get enough money for your home’s down payment. A few options you can use to get money for your down payment is: using money from your savings and checking account, utilizing your 401 retirement plan, or using a down payment assistance program. 
3. Figure out a mortgage you can qualify for- John will help you understand what a mortgage will look like that you can afford and qualify for.

After you are prepared to buy a home, give Kassel & Associates a call at (303)-550-4482 so we can find you a home that matches your needs.