Preparing to Buyer a Home? – Additional Expenses When Buying a Home

You’ve decided to buy a house, that’s great!  But what goes into being a home owner?  Additional expenses and responsibilities can be a concern for many home buyers, especially if you are a first time home buyer.  Many home buyers are timid about the expenses around caring for their new home but with a little plan ahead it is well worth the financial gain and freedom to take on home maintenance and expenses!

Additional Expenses When Buying a Home

Once you make the jump to being a home owner, there are additional expenses to your mortgage payment.

  • Property Taxes
  • Insuring Your Home
  • Routine Maintenance and Up-Keep
  • Roof or Appliance Repairs
  • Homeowner’s Association Fees

 

Tatyana Sturm and The Storck Team have over 10 years experience in AuroraCentennial, and Parker real estate and have helped buyers in many different walks of life with finding their new home from the first time home buyer to seasoned investors all across Colorado.  We have a true passion around finding you the best home for your lifestyle.  Please call or text The Storck Team at (720) 350-5909 or email us at thestorckteam@exitrealtydtc.com to start your home buying process with a knowledgeable and trustworthy real estate professional.

Preparing to Buy a Home? – Know What You Can Afford!

Considering a move?  Are you thinking of buying a new home?  There is SO much that goes into purchasing a new home whether you are a first time home buyer or purchasing your 5th home.  Purchasing a new home should be the most exciting time in your life, but it is often stressful as well.  A good Realtor or real estate agent will make themselves available to you for advice outside of just your “Purchase Contract” and will be invested in helping you arrive to your ideal situation.

Know What You Can Afford

Figuring out what you qualify for regarding your monthly mortgage payment is a vital first step toward buying your new home, but much more needs to go into this piece of the puzzle beyond the black and white monthly payment number your mortgage lender prescribes.  Often the amount your lender says you can afford and the amount you are truly comfortable paying on a monthly basis can vary.  We encourage you to create a fairly detailed budget of your monthly expenses by subtracting all of your monthly expenses from your take home pay while leaving out any current rent or mortgage payments you may have.

Did You Know?

When applying for your new home loan, there are several common monthly household bills that your lender does not include when considering how much you can afford to pay for your new home.

  • Daycare
  • Health and Car Insurance
  • Gas and Vehicle Maintenance
  • Entertainment
  • Cable and Internet

 

Tatyana Sturm and The Storck Team have over 10 years experience in AuroraCentennial, and Parker real estate and have helped buyers in many different walks of life with finding their new home from the first time home buyer to seasoned investors all across Colorado.  We have a true passion around finding you the best home for your lifestyle.  Please call or text The Storck Team at (720) 350-5909 or email us at thestorckteam@exitrealtydtc.com to start your home buying process with a knowledgeable and trustworthy real estate professional.

HUD announces Colorado grant money for affordable housing

More than $10 million in grant money is headed to Colorado housing authorities to “make major large-scale improvements” to affordable housing complexes, the U.S. Department of Housing and Urban Development announced.

Read the full article here.

Have questions about down payment assistance and if it's right for you?  We can point you in the right direct!  Click here for contact information to The Storck Team.

Please Join Tatyana on the Colorado & Co Show Today 10 AM!!!

We are pleased to present the NSF Platinum Program for down payment assistance.  Tatyana Sturm will appear on 9News' Colorado & Co Show at 10 am.  Please tune in to hear about this amazing program!

Up to 5% GRANT for down payment and closing costs now available
The NHF Platinum Program is designed to provide down payment assistance in conjunction with the purchase of a primary residence.  Down payment assistance is provided in the form of a grant of either 3% or 5%.  Check out these details:
Program Funds:
• 3% or 5% grant options available based on first mortgage amount
• Program funds are available on first-come, first-served basis
• No repayment of down payment assistance required

Eligibility Requirements:
• Occupancy: Principal Residence Only
• Credit Score: 640 Minimum
• Debt-To-Income: 45% Maximum
• Income Limits Apply
• Loan Limits Apply

Eligible Area:
• State of Colorado

Household Income Limit:
(Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Counties)
• $88,205

Mortgage Loan Types:
• FHA, VA, USDA
• No Conventional Loans
• 30 Year Fixed

Loan Limit:
Lesser of:
• $417,000
• Loan Limits Set by FHA, VA, or USDA
 

Join Tatyana Sturm on the Colorado and Company Show 9News TODAY at 10 am

We are very pleased to present Tatyana on the Colorado and Company Show with 9News today, Friday February 28th at 10 am.  She will be sharing this amazing new down payment assistance program offered through Citywide Home Loans and Vince Cusimano.  Below are the program specifics:

Up to 5% GRANT for down payment and closing costs now available
The NHF Platinum Program is designed to provide down payment assistance in conjunction with the purchase of a primary residence.  Down payment assistance is provided in the form of a grant of either 3% or 5%.  Check out these details:
Program Funds:
• 3% or 5% grant options available based on first mortgage amount
• Program funds are available on first-come, first-served basis
• No repayment of down payment assistance required

Eligibility Requirements:
• Occupancy: Principal Residence Only
• Credit Score: 640 Minimum
• Debt-To-Income: 45% Maximum
• Income Limits Apply
• Loan Limits Apply

Eligible Area:
• State of Colorado

Household Income Limit:
(Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Counties)
• $88,205

Mortgage Loan Types:
• FHA, VA, USDA
• No Conventional Loans
• 30 Year Fixed

Loan Limit:
Lesser of:
• $417,000
• Loan Limits Set by FHA, VA, or USDA
 


Tatyana:
Aaron: 720-273-7419
Exit Realty


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