Tagged : Finance
How To Turn $9,000 Into $85,115 In Just 5 Years Just Buying a Denver Area Home.
Buying a Denver area home is a smart decision for your future. Here’s how you can potentially turn $9,000 into $85,115 in just 5 years? Kenna Real Estate's Loan Advisor Shawn Janusheske explains.
The Denver home market is appreciating at over 11% right now. But if we take a conservative approach and use just 3% appreciation. Here’s what can happen. Imagine what 11% looks like!
On a 300,000 home purchase, qualified homebuyers can put just $9,000 as down payment.
In just 5 years that $300,000 home purchase would have appreciated in value to $347,728.
Plus the loan that started out at $291,000, after making 60 payments would have a remaining balance of…
How this may affect qualifying for a Denver home | Filing Tax Returns
Filing Tax Returns How this may affect qualifying for a home loan As it comes time to file a new federal income tax return, there are a few important items to keep in mind; specifically when it comes to obtaining a Denver home loan. Until April, when the tax fi ling deadline approaches (generally April 15), lenders will use the proceeding 2 years filed tax returns to calculate income for a Denver home loan.
Below are a few items that can affect your Denver home loan pre-qualification:
• Declining Income from year-to-year - if your income has declined from the previous year to the current tax fi ling period, this may be a problem. Be sure to discuss with your lender.
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Listing information last updated on June 5th, 2020 at 5:30am MDT.