Tips For Getting A Mortgage

Are you considering buying a [City] property as a second home or investment? Perhaps you are looking for a small cottage or apartment where you can escape for vacation, or maybe you want to have another home closer to family. Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can be a challenge.

Generally, a mortgage lender will have tougher standards for second home loans than primary home loans. This is because usually when you are buying a second home your finances will be stretched thinner and you will have less money to spare because you are already paying a mortgage on your primary home. This will mean that your second home mortgage can be harder to get and might have a higher interest rate.

Here are some tips to keep in mind that will help you to get the best mortgage on your second property: Build up a decent amount of savings. Your mortgage lender will want to be able to see that you have a large amount of savings so that you will have enough to pay for the mortgage even if you were to lose your job.

Pay off any credit card dept. Many lenders will be hesitant to approve your second home mortgage if they see that you have a lot of debt on your credit card. They will want to see that you have a low debt to income ratio so that you will be able to pay back the loan.

Use the first mortgage as a good reference. If you have always made your payments on time and you are most of the way through paying off your first house, you could ask someone from your current mortgage company to vouch for you. The lender for your second mortgage will be reassured that you are a reliable person to loan money to.

These are just a few tips to keep in mind in order to make getting a mortgage for your second property as easy as possible. Of course you should always consult with your own lender to see what it best for your situation.

Calling In A Professional

Renovating your home can be a stressful and expensive endeavor. How much should you spend? Who should you trust? Who’s the best contractor/architect/designer/etc. in town? If you find yourself asking these questions as you consider a renovation, you may want to consider a renovation coach.

Expert opinions Renovation coaches are a recent trend in home remodeling. Think of it as a project manager for your home renovation—someone who is great at working with contractors and vendors, and at keeping things running smoothly and moving forward as your renovation progresses.

Worth the investment? Renovation coaches can handle projects of any size, and can be involved as much or as little as you like. They’re especially useful for managing bigger projects that involve several vendors and contractors, but they can also be helpful in simply recommending the best and most reputable companies for your specific project. If you don’t know who to hire to remodel your kitchen or basement, a renovation coach can be a huge asset.

Finding the right coach There’s currently no national directory or association for renovation coaches, but it’s a fast-growing profession and chances are there’s a great one in your area. Take to the internet to find some coaches in your area—Houzz and Google are a good start. Vet several candidates and reach out to past clients to find the coach that can help you get the most out of your renovation.

Pinette Realty Groups New Rental Division

Pinette Realty Group LLC Property Management

Pinette Realty Group is excited to announce our new property management division!

We are taking our desire to provide service excellence to the residential rental market. Our market knowledge combined with an experienced property management professional is a winning team! So if you or someone you know has a home to rent, give Katy a call 303-346-4559.

Panoramic Views!

1145 Mulberry Lane Highlands Ranch, CO

1145 Mulberry Lane, Highlands Ranch, CO                                                 Offered at $365,000

Location, location, location! This Meticulously maintained 3 bedroom 4 bath Richmond home backs to open space and is perched on a hill with panoramic mountain views! Featuring extensive hardwood floors, upgraded fixtures, custom paint, vaulted ceilings and a nicely finished basement, this home is in move in condition! Out front relax on the covered front porch, or enjoy endless views from the deck or patio in the large backyard. The kitchen offers 42” cabinets, a spacious eat-in area and steps down into a large, cozy family room with a gas fireplace and brick surround! Located within 2 blocks of Town Center, shopping, restaurants and El Dorado Elementary School, but quietly nestled in the interior of the neighborhood with easy access to miles of hiking and biking trails.

 

New Listing!

10052 W. Ute Place #206 Littleton, CO
Offered at $227,000

10052 W Ute Place 206 -2

Immaculate 2 bedroom 2 bath condominium in desirable Chatfield Bluffs with a one car detached garage. Nestled right on the edge of the foothills but convenient to shopping, 3 Jeffco Parks and trails with 2 minute access to C470! This lovely unit features an open concept perfect for entertaining or enjoying family. Boasting 42” upgraded Maple Cabinets in the Kitchen with a custom stacked glass backsplash and scone lighting over the Kitchen peninsula. Enjoy the spacious 9 foot ceilings, upgraded lighting fixtures, newer carpeting and updated paint. The Master Bedroom boasts his and her closets and a spacious En Suite with upgraded tile and soaking tub. The second bedroom includes a built in Murphy bed and the stackable washer and dryer and all Kitchen appliances are also included! Play in the Community pool and hot tub, entertain in the nicely appointed Clubhouse, workout in the fitness room or just enjoy the spectacular Mountain Views!

Just Listed!

23907 E 3rd Place Aurora, CO

Offered at $369.000

23907 E 3rd Place-MLS_Size-001-Welcome Home-1600x1200-72dpi

Stunning Ranch Style home previously a model with Standard Pacific Homes. Rich hardwood floors freshly refinished, new carpeting, custom paint and tile, 10? ceilings, 42? Antique White Glazed cabinets in the Kitchen, slab granite with large center island in the Kitchen. Plantation shutters throughout the home, 3 Sided Fireplace and a huge, unfinished Garden-Level Full Basement. The gorgeous tiling in the master bath accents the large soaking tub and the walk-in closet is finished by California Closets! Everywhere you look there are nice touches and details. Just minutes from DIA, E-470 and the University of Colorado Hospital this home will not last.

Just Listed!

3558 Meadow Creek Ct. Highlands Ranch, CO

Offered at $550,000

3558 Meadow Creek Court Highlands Ranch, CO

Immaculate 5 bedroom, 5 bath home located in the desirable neighborhood of Highgate offers both a Cul-de-sac location and oversized lot. This home boasts extended hardwood floors, 3 car garage, updated lighting and plumbing fixtures, main floor study with wainscoting, fresh interior paint, gourmet kitchen and soaring vaults. Enjoy cooking in the spacious kitchen with slab granite, gas cook top, convection oven, a butler’s pantry and a center island with breakfast bar. Play in the full basement professionally finished with a large recreation room, bar and entertaining area, designated office with French doors, a spacious bedroom with an attached bathroom and two storage areas! Relax under the covered patio and enjoy the expansive, professionally landscaped tiered backyard with mature trees, lush plantings and a 2nd flag stone patio. Close to DTC, Park Meadows, Local Parks and an award winning elementary is only a block away!

Just Listed!

Country Living At Its Finest!

Just click on the image to view the Virtual Tour.

1023 N Pawnee St-MLS_Size-002-Welcome Home-1600x1200-72dpi

Meticulously maintained ranch in Comanche Crossing located on a sprawling 2.5 acre corner lot! Move in ready for you and your horses! This immaculate, open concept home features 2000 sqft of main living space, extensive hardwood floors, vaulted ceilings, warm inviting natural light and 6-panel solid wood doors. Relax in the spacious Master suite with vaulted ceilings, walk-in closet and a five piece Master Bath with jetted tub. The full basement has a large recreational room finished and plenty of room for storage and more expansion. Outside enjoy space for your toys in the 28 x 38 finished Outbuilding including heat! Also enjoy the newer horse barn with tack room, newer chicken coop and the paddock and horse pasture. If you are looking for that County feel with easy access to I-70 and DIA, this is it!

 

 

 

Highlands Ranch Community Events

Summer is almost here so it’s time to get outside and enjoy some of the community events coming up in May!

Civic Green Park

5/16/15 – 5/17/15 11:00 am to 6:00 pm – The 10th annual Music Arts Festival is on this coming Saturday and Sunday and admission is Free!

It’s a good thing it wasn’t scheduled for this past weekend!

Southridge Rec. Center

5/11/15 Southridge it closed this week for annual maintenance.

Taste of Highlands Ranch

5/1/15 – Eastridge Rec Center 6:00 PM – 9:00 PM

Over 30 restaurants will be represented and tickets are only $5.00!

Farmers’ & Street Market

5/3/15 and every Sunday through November 1st – Westridge Town Center 10:00 AM – 2:00 PM

Featuring local produce, flowers, pastas, breads and more. The Street Market will include over 20 vendors. What a great way to spend an afternoon.

Computer/Electronics Recycle and Paper Shred

5/3/15 – NE Corner of Lucent and Highlands Ranch Parkway 11:00 AM – 3:00 PM

Safely dispose of old electronics there will be a $40.00 charge for TV’s up to 42″ and anything larger must be brought directly to Techno Rescue.

Mother’s Day 5K Run

5/9/15 – Mountain Vista High School 8:30 AM – 12:00 PM

More to come…..

 

 

 

 

Just Listed – 1680 S. Logan St.

Our newest listing was featured in Colorado Homes Magazine!

This diverse and eclectic home is located in the much–desired Denver neighborhood of Platt Park and offers many upscale exclusives. Sleek Granite tiles lie throughout the main level with Slate tile in entryway and glass inlays within the entry wall to accompany this stylish home. With two sets of double French doors opening to the patio, you can enjoy grilling on the included barbeque with a dedicated gas line. Custom design and construction of this contemporary duplex include features such as heated walkways, soaring window accents, dual patterned carpet, exposed concrete,  8 inch steel girder construction and sleek angled walls. Custom–programmable lights allow you to set the mood in this modern home with the touch of a button. The 2nd bedroom resides in the full finished basement with a private full bath, two closets and storage space. The Master suite is a retreat in itself with vaulted ceilings, private patio and Juliet balcony, custom tiled bath with jetted tub and contemporary fixtures, glass block lighting, granite countertops and a bowl sink. The Master also host additional space for a retreat of office space. Close to Light Rail, Platt Park and Historic Old Pearl Street what more could you want!