Buying a home can be stressful.
In fact, a recent survey found home buying to be more stressful than changing jobs, getting married, or even the birth of a child. In part, that’s because buying a home is the largest purchase most of us will make in our lives.
The high cost of home buying would be intimidating enough if you paid the full amount out of pocket, but that’s probably not the plan. You’re more likely to finance a home purchase, and that adds a whole new layer of complexity to the process.
Fortunately, the pros at Chase understand how overwhelming the entire affair can be, which is why they’re proud to be one of the sponsors for the 2016 Flatirons Tour of Homes.
Todd Merrifield is a Private Client Mortgage Banker for Chase in Colorado. “We’re really looking forward to engaging with the community, from potential homeowners to local builders,” he said. Merrifield went on to explain why the Tour of Homes is so important to Chase and to the broader industry. It all comes down to supporting both buyers and builders.
The Boulder housing market is nothing if not competitive, due in no small part to the fact that the current inventory simply doesn’t match the demand. Or, said another way, there are more interested buyers than there are homes. In a way, that’s great news for Boulder. It speaks to the things about the area that are attractive. But if you’re on the prowl for a home, it can make the selection process tough.
Chase understands that one key to the overall health of the local housing market is increased inventory. As more high quality, reputable builders move into the area, more homes will be available. Hence the emphasis on creating solid working relationships with some of Colorado’s best home builders.
“Despite some of the market dynamics we’re seeing, homebuyers are still incredibly motivated in their search,” said Kendee Ruark, Chase senior lending manager for Colorado, Utah and Nevada. “Though they’re starting the process online, we’re seeing the majority of consumers consulting their mortgage banker before they even begin the home buying journey.”
In fact, according to a recent Chase survey, three in four Americans expect a mortgage professional to guide them through the entire home buying process.
For home buyers, the focus is on providing the very best in home financing options. That starts with information.
As anyone who’s purchased a home can tell you, picking out the property is only the beginning of the process. Like many lenders, Chase offers a wide variety of different types of mortgages, each product designed to suit different needs. There is no one-size-fits-all financing solution.
Financing a home involves a host of additional decisions that often require the help of an expert, like choosing the right loan type, payment plan and interest options. For example, in today’s rate environment, your lender can help you look at opportunities to
lock in low interest rates, even before closing.
On top of that, there’s important paperwork to go through. These forms and contracts include critical details that will affect you for the duration of your mortgage. You don’t want to go into the process blind.
Nor do you want to partner with a lender who isn’t looking out for you. As you investigate lending options, you need to feel comfortable asking the hard questions. This is not the time to shy away from being direct. Rather, it’s vitally important to work with a lender who understands the complexity of the process and takes an open approach, sharing information and educating you along the way.
Chase is taking the initiative here, making it a point to have personnel on hand during the Flatirons Tour of Homes, ready to answer questions for potential buyers. The folks from Chase will be happy to give general information about home financing, providing transparent answers to the questions that really matter. If you’re shopping for a new home, this is the perfect opportunity to make a connection with a reputable lender.
Chase has well over 100 branches in Colorado alone, and their commitment to the Boulder area is unparalleled. Few national lenders can claim this kind of local engagement.
The Tour of Homes is scheduled for May 7-8, and 14-15 from 10 a.m. to 4 p.m. Come see some of the amazing properties available in the Boulder area, and be sure to visit with one of the Chase representatives to get the scoop on the best financing options out there.
For more information, visit chase.com.