Four Steps to Finding the Right Neighborhood for You

           

Whether you are moving to a new city or just moving across town, there are many things to consider when deciding on the ideal neighborhood. Fairway Independent Mortgage Corporation knows how important this decision can be; and I will take the time to talk with you about resale value, the local area, and what loan programs will be the most beneficial to you.


Here are four easy steps for finding the best neighborhood for your needs:


Step 1: Decide what is important to you, and ask yourself questions about your future plans and lifestyle:

• Do you have children who will need rooms or a yard in which to play?
• What type of home are you looking for?
• How long do you plan to live in this home?
• How far are you willing to commute for work?
• Do you want to be in a historic neighborhood or a neighborhood with new construction?

Step 2: Gather information on potential locations and compare statistics.
Once you have decided what you want out of a neighborhood and a home, search for a few potential areas that match your criteria. Compare information between the neighborhoods, such as schools,
crime statistics, parks, homeowners’ associations and nearby conveniences.


Step 3: Visit the neighborhoods.
Once you have done all of your research, take a drive through the areas at different times of the day. Note if there are families or people walking around, the noise level, and the condition of other homes and yards in the neighborhood.


Step 4: Seal the deal.
Compare all aspects of the neighborhoods you have researched and observed, and decide which one you think is the best fit. Meet with a Realtor to schedule some viewings of housings in that area.


I would enjoy the opportunity to talk to you about the buying options for your new home, as well as help you sell your current home should you you need that. Call me today to set up an appointment and I will start you on your way to living in your new home!

Tori Mink
RE/MAX Southeast, Inc
720-933-3456 Direct
303-750-7070 Office
www.ToriSellsDenver.com
ToriMink@Remax.net

Using Gifted Money Toward Your Down Payment

Using Gifted Money Toward Your Down Payment               
When buying a home, especially a first home, the down payment can seem like the biggest hurdle. There are a variety of loan programs that can help make the most of what money you have to put down, but you can also use “gifted funds” for your down payment. Gifted funds are funds given to you either by parents or another eligible relative. There are guidelines for this type of down payment, and I am happy to talk with you about those.
Before considering using gifted funds, there are a few things to be aware of:

• Gifts must be provided by a third party not involved in the home transaction
• The donor must be an eligible relative of the borrower
• The seller, real estate agent or mortgage professional cannot provide a down payment gift to the buyer
• A government agency or non-profit organization may provide a gift if it meets the lender’s requirements
• Gift funds require a letter from the donor that documents the amount, date and donor name and proof of receipt of gift funds from the donor’s account is required
• Some programs may require the borrower to contribute to the down payment in addition to the gift

I am more than happy to sit down and discuss all of your down payment options for buying a home when you are ready.

Tori Mink
RE/MAX Southeast, Inc
(720) 933-3456
(303) 750-7070
ToriMink@Remax.net
www.ToriSellsDenver.com