6 Basic Mortgage Rules To Follow To Own Your Home In Colorado Springs

Owning a home is a truly an AMAZING thing.

Here are 6 Basic Mortgage Rules To Follow. 

Whether this is your first home or fourth, really understanding your mortgage and how it works is crucial. After all, it’ll probably be the biggest loan of your life!

What IS A Mortgage?

In the most basic sense a mortgage is a loan to buy a property. The process of securing a mortgage means lender approval based on your income, credit rating and other debt.

Understand Your Fixed Costs

Before you decide what you can—or should—spend on a mortgage it’s important to take stock of your habits and your true fixed costs. Be honest with yourself when putting together your household budget, if you’re going to be miserable without your daily premium cup of coffee, then along with your student debt and car payments, consider that a fixed cost.

Be  Safe

Your monthly housing costs should be less than 32% of your gross monthly income. These are considered your Principle and Interest (of your mortgage payments), Property Tax, and Heating bills.

Get A Mortgage You Can Afford

The second test of what you can afford mortgage-wise is that your entire monthly debt load (car payments, credit card debt, student loans, etc) should be less than 40% of your gross monthly income.

Paying Off Your Mortgage

Once you’re approved for a mortgage and buy your home (congratulations!), now you have to actually start paying off the loan. There are several factors involved in this like your interest rate, payment schedule (monthly, twice a month, every two weeks, or weekly) and your amortization period, which is the amount of time you’ve selected to pay back the mortgage (usually ranging from 15-30 years).

Picking The Right Interest RateThe interest rate at which you select to pay off your mortgage varies from “fixed”—whereby the rate will NOT change for the term of the mortgage, and is generally a bit higher but considered more stable, or “variable” whereby the interest rate can fluctuate with the current state of the market.

Finally, owning a home can truly be an amazing thing. Thankfully there are many resources out there to help make the process a smooth one like mortgage brokers and financial advisors, so remember, you’re never alone through this daunting process!

When you are ready, let's go find that perfect home for you.
Our team of preferred lenders will help you get 
a home loan that's right for you, and get you pre-approved today.
Here to help!

Terry Naber, Broker Associate
Your Good Neighbor In Real Estate Since 1990!
Go to www.TerrySellsColorado.com
Call us at 719-590-4796 
REMAX Properties, Inc
1740 Chapel Hills Dr
Colorado Springs, CO 80920

For Sale 19440 Tag lane Monument Colorado 80132

Another fine property for sale brought to you by
Terry Naber, REMAX Properties, Inc
Your Good Neighbor in Real Estate
1740 Chapel Hills Dr
Colorado Springs, CO 80920
719-590-4796
www.TerrySellsColorado.com

TAKE THE PROPERTY TOUR HERE

19440 Stag Lane Monument, CO 80132 Residential - Monument, CO

Price : $475,000.00 Bedrooms : 2 Bathrooms : 3.00 Square Foot : 4,877 Lot Size : 1 sq.ft. County : El Paso Property Type : Single Family Year Built : 1991 MLS Number : 1707281 click for more information and pictures Property Description True Colorado lifestyle-gorgeous casually elegant, end of cul-de-sac rancher! Wide open floor plan filled with light has stunning 2 story living room with newer river rock gas fireplace, extensive hardwood flooring, loft/office above. Huge kitchen with center island, breakfast bar, gas downdraft range, newer d/w & large dining area. The master suite w/firplc adjoins a newly remodeled 5 pc bath, high-end Moen fixtures, jetted tub, polished travertine, more, His & hers walk-in closets w/organizers. Full length trex deck.,This is what Colorado living is all about! Enjoy the sound of the wind in the fragrant forest from the full-length, 50' long deck. The walk-out basement is lite and bright with 9 foot ceilings and is finished, with a large covered patio to enjoy shade on the warmest summer days. There are 2 big bedrooms and a full bath, & a rec-room large enough to accommodate your pool table, etc, & lots of fun! Lots of area to add another huge bedroom and more in the large unfinished storage area of the basement. Upgrades abound-90% efficient furnace, clad wood casement windows & solar gain from south-facing living room windows help keep heating bills low in the winter. Stucco & wood exterior, low maintenance landscaping complete the package for your Colorado dream home! See it today! This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger®

Equal Housing Opportunity.

5 Creative Tactics To Get Your Home Sold

Five Creative Tactics to Sell Your Home.
Sellers are resorting to creative tactics to stage, enhance curb appeal, and sell their homes. These tips may surprise you. 
http://www.frontdoor.com/real-estate/five-creative-tactics-to-sell-your-home
Looking for a good Realtor? 
Consult me. Call 719-590-4796
I would like the opportunity to earn your business!

Terry Naber, REMAX Properties, Inc
Your Good Neighbor In Real Estate Since 1990!
$100+ Million In Property Sales
REMAX International Hall of Fame Award
www.TerrySellsColorado.com

Looking To Buy a 4 Bedroom Home In Colorado Springs? 1720 Palm Drive Colorado Springs CO 80918

Looking For a Home in Colorado Springs? Perfect Model Home. Remodeled. Must See Just Listed!
1720 Palm Drive Colorado Springs CO 80918
MLS: 4367586
Price: $260,000
Bedrooms: 4
Bathrooms: 4.00
Square Feet: 2554

Model Home Beautiful! This gorgeous home has been completely remodeled with great
attention to detail & many high-end upgrades. It's move-in ready & waiting for you!
Located on a serene tree-lined street with views of the bluffs with trails nearby! All 4
baths remodeled with lovely custom features; newer vinyl windows throughout, newer
hw, noise-cancelling drywall in basement, large rec room with built-in shelving, bar, & the
62" HDTV is included! Wired for 7.1 surround sound. Walk-out basement, extra storage,
more!

Video
http://listingsmagic.com/flash/tour_hd.php?property_ID=87883
School Information
http://listingsmagic.com/ps/propertysitesschool.php?property_ID=87883
View Flyer
http://www.listingsmagic.com/photos/63261/87883/87883_brochure.pdf

Call Terry Naber, REMAX Properties, Inc. at 719-590-4796 For More Information and
To View This or Other Fine Colorado Springs Properties For Sale.
www.TerrySellsColorado.com

Real Estate, Moving & Relocation Services For Buyers In Colorado Springs, Colorado

Americans move every 5 years. We're just highly mobile.How many times have you moved in the last 5 years? None? Once? More than once?

Moving within the same country is a fascinating and yet complex phenomenon which can have a huge impact on the demographics and the economies of the affected areas. It’s interesting to know how often these relocations occur and what the usual reasons behind each move may be. According to the information provided by U. S. Census Bureau, out of a population of 307,243,000 people over age 1, 35,918,000 Americans moved between 2012 and 2013. That’s an overall percentage of 11.69 percent.

Out of those 36 million people,

23,150,000 moved within the same county,

6,961,000 moved to a different county within the same state,

4,770,000 moved to a different state, and

1,036,000 moved to a different country.

Why We Move
Reasons we move include house too small, too big, employment, better neighborhood, desired lifestyle, pursuing a dream, health issue, retirement, marital status change, & life event. 
I specialize in representing Buyers. Sellers pay my fees. Call me at 719-590-4796, or at www.terrysellscolorado.com

Terry Naber, REMAX Properties
Colorado Springs
24+ Years as Your Good Neighbor In Real Estate
Selling Over $100+Million In Property
We Are Dedicated To Finding and Negotiating a Great Deal On Your Perfect New Home!

Colorado Springs Home For Sale at 4308 Driftwood Drive, Colorado Springs, Colorado 80918

Property Site  http://4308driftwooddrive.isnowforsale.com/
For More Information Call Terry Naber, REMAX Properties at 719-590-4796
www.TerrySellsColorado.com

4308 Driftwood Drive Colorado Springs, CO 80918 Residential - Colorado Springs, CO

Price : $185,000.00 Bedrooms : 3 Bathrooms : 2.00 Square Foot : 1,685 County : El Paso Property Type : Single Family Year Built : 1969 MLS Number : 3555944 click for more information and pictures Property Description This lovely remodeled tri-level will impress! Wide-open floor-plan filled with light welcomes you from the moment you enter this beautiful home with gleaming hardwood floors on main & upper levels The kitchen has new upgraded cabinets & solid granite countertops, stainless fridge & dishwasher, built-in microwave, ceramic floors & more.The spacious 4 pc bath has been luxuriously updated with a huge fully tiled walk-in shower with double shower heads, granite counters with double sinks. Huge family room, more!,Washer and dryer are included. The area where the dryer is plumbed for full size stackable units if you want to change up the flow. The oversized one car garage has new epoxy paint floors. Enjoy the large detached shop behind the house for a private get-away, man-cave, hobby or shop! Great location and lovely curb appeal on a tree-lined street backing to a park and school. Don't miss it! This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger®

Equal Housing Opportunity.

Colorado Springs Condo For Sale at 4120 Autumn Heights Drive, Colorado Springs, Colorado 80906

Property Site  http://4120autumnheightsdrive.isnowforsale.com/
Call Terry Naber, REMAX Properties Inc at 719-590-4796 For More Information
www.TerrySellsColorado.com

4120 Autumn Heights Drive Colorado Springs, CO 80906 Residential - Colorado Springs, CO

Price : $148,500.00 Bedrooms : 1 Bathrooms : 1.00 Square Foot : 1,306 County : El Paso Property Type : Single Family Year Built : 1984 MLS Number : 6994340 click for more information and pictures Property Description Fully updated, turn-key ready 1 bed/1 bath w/loft condo in sought after West side. Includes all new windows, garage door, appliances, flooring, new cabinets, paint, light fixtures, and tile. Community includes pool and fitness center. Nice grounds and responsive property management. Pets allowed with restrictions. Close to all shopping, Ft. Carson and short drive to downtown and interstate. This condo is in pristine condition. You must see to fully appreciate.,HOA includes all exterior maintenance including roof and siding. This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger®

Equal Housing Opportunity.

Colorado Springs Home For Sale at 1606 Lehmberg Blvd., Colorado Springs, Colorado 80915

Property Site  http://1606lehmbergboulevard.isnowforsale.com/
Call Terry Naber at REMAX Properties Inc For more Information
at 719-590-4796 or To View This Home.  www.TerrySellsColorado.com

1606 Lehmberg Boulevard Colorado Springs, CO 80915 Beautiful Spacious Rancher - Move In Ready

Price : $225,000.00 Bedrooms : 3 Bathrooms : 3.00 Square Foot : 2,832 County : El Paso Property Type : Single Family Year Built : 1971 MLS Number : 7208161 click for more information and pictures Property Description 1606 Lehmberg Boulevard, Colorado Springs, CO, 80915, US Spacious rancher in immaculate condition on tree-lined street is move-in ready! The large foyer welcomes you through the newer front door into the large living room. The huge moss rock fireplace will warm you in the winter. The master has its own private deck with a pergola. Enjoy the mountain views from the entire back of the house & both patio & deck. The rec room in the walk-out lower level is HUGE. You'll find a large 4th bedroom there, as well & a 12x19 laundry/storage area. Close to shopping, schools, etc.,Don't miss it! This beautiful home ticks many boxes. This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger® Features List • Walk out to patio • patios • views • spacious • fireplace • close to shopping

Equal Housing Opportunity.

Colorado Springs Home For Sale at 1003 Holmes Drive, Colorado Springs, Colorado 80909

    Property Site  http://1003holmesdrive.isnowforsale.com/
    Call 719-590-4796 or Information and To View this Home
    www.TerrySellsColorado.com

1003 Holmes Drive Colorado Springs, CO 80909 Residential - Colorado Springs, CO

Price : $145,000.00 Bedrooms : 3 Bathrooms : 2.00 Square Foot : 1,642 County : El Paso Property Type : Single Family Year Built : 1962 MLS Number : 9969488 click for more information and pictures Property Description Cute rancher in central location on tree-lined street. Hardwood floors under carpet upstairs. Totally fenced yards with fruit trees, more. You'll love the loaded apple tree! There is a carport, attached garage & wide driveway for lots of parking options. The basement has a very large family room & spacious laundry room & office. Condition is good-it just needs a little updating & your own personal touches to be a wonderful family home! This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger®

Equal Housing Opportunity.