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Terrific 2-Story with Pikes Peak Views!

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5938 Brennan Ave

$160,000

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Address: 5938 Brennan Ave	City/ST: Colorado Springs, CO	Zip Code: 80923
Property Type: Single Family Home	New or Resale: Resale	Square Footage: 2144
Bedrooms: 2	Bathrooms: 1	MLS# 604309

This house is a great house! Huge Corner lot with a 15 ton sand box perfect for a swing set! Custom tiling in the shower with upgraded Kohler faucets, sink and jetted bathtub! In-floor heating has been added for extra efficiency and comfort! Custom deck in the back and a automatic 16 zone sprinkler. Room to grow in the unfinished basement! Beautiful views and excellent schools make this a must see property!

Last Updated: 7/28/2010 12:47:23 PM

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Buyers Remorse >First Time Loans

Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.

Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.

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Q	What does the common acronym FSBO (pronounced fizzbo) stand for?
A	For Sale By Owner. (Between 85 to 95% of existing homes are sold with a Realtor's help.)
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Amy Lassen, REALTOR�, real estate agent and broker for Colorado Springs, Monument and Falcon, Colorado home listings, property and land for sale

Amy Lassen
Keller Williams Partners Realty
1307 Aeroplaza Drive
Colorado Springs, CO 80916
719-440-0013
Fax: 719-955-1998
amylassen@BestImageAgent.com

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