Steamboat Springs Happenings

Is a 20% Down Payment Really Necessary To Purchase a Home

By KCM Team
Posted by Inactive Shanna Shepherd on September 27, 2021 in  uncategorized
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down ... read more

4 Investments Worth Making in Your First Home

Posted by Ed Mueck on December 19, 2019 in  uncategorized
In today’s post, we’re offering some advice for first-time homeowners on areas where spending a little bit more is likely to pay off in the long-run. From valuable aesthetic updates in key areas such as the kitchen, bathroom and living room to installing smart heating systems and insulation to prioritize energy efficiency, our tips will leave you inspired to make the most out of your first home update. Replace flooring Flooring has the power to change a room entirely, so it should go without saying that... read more
Don't Let Home Buying Myths Scare you from Buying that Dream Home!  Here are the Facts! Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who purchased homes this year have put down less than 20%. 76.4% of loan applications were approved last month. The average credit score of approved loans was 727 in September.... read more

Ready to Buy a Home??

5 Tips to Help you find the Perfect Home
Posted by Jessica Juracich on October 18, 2018 in  1st time buyer  Buyers  Buying Property  Colorado Real Estate  Craig  First Time Home Buyers  Real Estate  Real Estate Tips  Routt County  STEAMBOAT REAL ESTATE NEWS  Steamboat Springs
5 Tips for Starting A Successful Home SearchIn today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time home buyer if you aren’t prepared. In a recent realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time home buyers can take to help carry their excitement of buying a home throughout the ... read more
THE COST OF NOT PAYING PMI (Personal Mortgage Insurance) Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes even years, to the home-buying process. So, if you can purchase a home with less than a 20% down payment… why aren’t more people do... read more

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