Home Buying in 80013>Question Details

hanson0807, Home Buyer in Aurora, CO

Paying off all debt except current mortgage and student loan, currently 6.25% mortgage, want newer house at better rate, possible?

Asked by hanson0807, Aurora, CO Fri Nov 9, 2012

Help the community by answering this question:


Assuming your credit scores are within the required range for getting the lowest rates available, I think there is a very good chance you can achieve your stated goals of getting a newer house at a better rate.

Aside from credit scores, other variables include the age, location, size, and level of interior finishes and architectural features you'd like to have. There are brand new homes that have never been lived in that you may qualify for.

If you have some examples of communities you're interested, or are open to, I'd be happy to provide you with some listing information to give you an idea of what some of your options might include. If you're interested, please contact me at the number or email address below

Best of luck to you!

Larry Brake
HomeSmart Reatly
0 votes Thank Flag Link Mon Nov 25, 2013
YES, however will depend on your Credit Score and your Debt to Income to decide how much of a mtg payment you are able to qualify for.
0 votes Thank Flag Link Wed Nov 20, 2013
The best option for you will be NACA, http://www.naca.com
0 votes Thank Flag Link Tue Jan 29, 2013

Congratulations on paying off your debt! That is quite an accomplishment these days. This should make a difference in your credit score. There are some quirks in the credit score system. One thing I have learned is that hey would rather you pay off your credit card accounts and keep them active. Don't close the accounts if you have not already. There is something in the system that sees closing accounts as a negative. An account that is paid regularly and kept under fifty percent of the available credit is more favorable as far as raising your score.

Speak to a lender now and see how your score looks to them. One other thing to consider is that the 'free credit report' systems can give you an idea of your score, but the lenders credit report will be somewhat different. Call my in-house lender. Joe Massey - 303-809-7769 and let him know I referred you from this Trulia site. Let me know if I can help you further.

Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
0 votes Thank Flag Link Fri Nov 9, 2012
Yes, but the best way to know for sure is to talk with a lender. I have a real good one that can provide with an answer right away. Let me know if you would like his contact info?
0 votes Thank Flag Link Fri Nov 9, 2012
It Depends, It sounds Possible for sure. You will annt to find a lender first and you may look for available homes on http://www.kennarealestate.com
0 votes Thank Flag Link Fri Nov 9, 2012
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