Serving All Your Real Estate Needs In Angel Fire, Red River & Taos, New Mexico; Land, Ranches & Unique Homes

Mortgage Made Simple

Whether you are looking to purchase first time home, or maybe it has been awhile since you have owned, it's good to do some research and take all the necessary steps to lock in the home of your dreams!

A mortgage payment is normally paid on a monthly basis. It includes a portion of your principal (the total amount of money borrowed) and interest (the price that you pay to borrow money from your lender), and often property taxes, homeowner's insurance, and private mortgage insurance.

1. Get your credit score where it needs to be. Check your credit report to make sure all the information it contains is accurate. If not, contact the credit bureau to correct it. If the information is accurate, find out your credit score.

You can get your score from the credit bureaus- your score will be between 300 and 850, and the higher, the better. Your credit score needs to be at least 620 for a conventional loan and could be as low as 500 for an FHA loan. If your score is lower, you may need a larger down payment or just take some time to clean up your credit while you save.

2. Check your debt-to-income ratio (DTI). Mortgage lenders want to know how much debt you have compared to your income. It's called your debt-to-income (DTI) ratio, and the better it is, the better mortgage you'll get. There are several tools you can use to find your DTI such as Trulia's DTI calculator.

3. Think about your down payment. An ideal down payment in the eyes of a lender is 20% of the home's purchase price. By putting down 20%, you don't have to pay private mortgage insurance (PMI), which is usually between 0.5% and 1% of the loan. This makes your case look better to a lender, but depending on the price of the home, 20% could be out of reach. In fact, most first-time home buyers put down less than 10%. FHA loans allow down payments as low as 3.5%. And some Veterans Affairs (VA) mortgages allow for no down payment.

4. Pick the right type of mortgage. You have a choice of several types of mortgage. One is a conventional (or a regular) loan. Of those, you can choose between a fixed-rate loan and an adjustable-rate loan. There are also government-insured loans, such as a Federal Housing Administration (FHA) loan or a Veterans Affairs (VA) loan. Each varies in terms of interest rates, down payment requirements, and other factors.

5. Get pre-qualified for a mortgage. Getting pre-qualified is an informal process where you just answer the lender's questions, such as how much you make and what you owe. Based on the information you provide the lender, they'll let you know whether you'll qualify for a mortgage and for what amount.

6. Get pre-approved for a mortgage. When you are serious about buying a home, you'll want to be pre-approved for a mortgage, which is a more involved process than pre-qualification. You'll submit paperwork that will verify your employment and income, as well as a number of other documents that detail your financial life. You can find a list of common documents you'll need in our guide on mortgage pre-approval. If you get pre-approved, you can let sellers know. They'll then consider you a serious buyer.

7. Pick a mortgage lender and apply. After you've found the home you want and have your offer approved, it's time to get official by applying for your mortgage loan. You don't have to apply to one of the mortgage lender?s that gave you pre-approval, but if you're happy with one of them, apply with that lender. If you want to keep shopping, go for it. Even a small difference in the interest rate can save you thousands of dollars over the lifetime of your loan. There will be lots of paperwork to gather and turn in for your loan. Get as prepared as you can to avoid delays.

8. Close on your home. If your loan application is approved, the next step is closing on your home. The mortgage becomes official on the day you close. To be ready on the big day, you'll need a pen and the funds for your closing costs and down payment, typically in the form of a cashier's check. Closing costs will be 2% to 5% of the total cost of the home, and you'll find out the exact amount on your Closing Disclosure at least three days before you close. There will be lots of paper signing, but there shouldn't be any surprises at this point. Sign your name, get your keys, and find out when and to whom you should make your first month's mortgage payment.

Call New Mexico Mountain Property for all your real estate needs! Whether you are looking to buy a Taos home for sale or a Condo in Taos, call 575-758-5852 for Paula or call 575-377-2626 for Homes for sale in Angel Fire or an Angel Fire condo for sale. Let our expert brokers help you find the home of your dreams! We look forward to serving you!

Cool Summer Escape!

Every season is a great time to visit beautiful Angel Fire, but if you are looking to escape the summer heat...the valley is the place to be!

With our daily rain showers and cool breezes keeping things fresh, it's the time to soak up the summer in our little village. While you're here, consider staying awhile! We have had many homes and land parcels that have been reduced and are ready to sell! It's a great time to buy your dream home in Angel Fire or find some Angel Fire land for sale. There are also many condos for sale in Angel Fire so you always have a getaway... Whether it's from the heat, for skiing in the Angel Fire Resort area or just a weekend away with friends and family, let our expert brokers at New Mexico Mountain Properties help you with all your real estate needs!

Call 575-377-2626 or 575-758-5852 for Paula and let us help you make this summer slice of heaven a year round escape for you!

4th of July Mountain Majesty

Will you be in the area this 4th of July? There is so much to do to celebrate the wonderful USA that we live in! As you are spending time with family, watching fireworks and enjoying wonderful picnics, take some time to see the other stunning sights in the area, including all the Angel Fire land for sale or homes for sale in the area. Many parcels have recently been reduced and there is a large selection to choose from.

Whether you are looking for a home in Angel Fire that is already built or you want to build your dream home on an Angel Fire lot with fabulous views, our knowledgeable brokers at New Mexico Mountain Properties can help! Come find a condo for sale in Angel Fire or if you are looking for commercial property for sale, we can help you find exactly what you are looking for in the beautiful valley!

Call 575-377-2626 for Angel Fire land or homes for sale or call 575-758-5852 for Paula in Taos. We also have Taos land for sale as well as Taos condos or lovely adobe homes in Taos as well. Whatever your needs are, we can help guide you in all your real estate needs!

https://www.angelfireresort.com/4th-july-angel-fire/

Vacation Homes: What to consider before you dive in…

Buying a vacation home is appealing on many levels. Having your own private getaway to run off to at a moment's notice is an exciting adventure to explore, but if you consider a few important details, it could be a great investment when you are not there as well.

When buying a home, there are three categories in which homes can fall: 1) Primary Residence 2) Second Home 3) Investment Property

The Primary Residence comes with tax benefits and require smaller down payments, depending on the mortgage and unless you are planning on being on vacation most of the time, your vacation home will not be your primary residence.

A Second Home cannot be rented out, but you do have access to it at any time. The tax benefits are similar to a primary residence, but you will need to qualify for a second home mortgage and will need to put at least 10-20% down.

An Investment Property will also require you to qualify and at least a 20% down payment, but lenders will consider a portion of the rent as income and can help you qualify easier. You will not receive the same tax benefits, but because you can rent the home out when you are not using it, the income can offset some of the costs. Some costs to consider: Closing costs, inspection, taxes, insurance, utilities, furnishings, property maintenance, cleaning crews between stays and travel back and forth. Another cost is an alarm system due to the fact that your vacation home will be a distance from where you live. This is not only good to deter criminals, but also can help detect a burst pipe, an electrical outage or fire. Any high tech alarm system can help as well as a friendly neighbor or property management company.

After you have considered all these factors, the best resource you can have on your team is a local real estate broker. They will know the area, the market, and can help you find just the right property to fit your needs. If you are looking to expand your portfolio, whether it is a primary residence, second home or vacation home, call our expert brokers at New Mexico Mountain Properties in Taos or Angel Fire. Our knowledgeable team can help you navigate this adventure.

To find Taos land for sale, Taos homes or condos in the Taos Ski Valley, call us @ 575-758-5852 or 575-770-3306 for Paula or for Angel Fire condos, Angel Fire land or homes call us @ 575-377-2626 or stop by the log cabin at the blinking light with the tipi out front. We look forward to serving you!

End of Ski Season, but New Beginnings Ahead!

You still have about 10 days to fit in some last minute skiing for the season, and while you are here come visit us at New Mexico Mountain Properties for all your real estate needs! We will work around your ski days and help you find the perfect Angel Fire condo for sale or land in Angel Fire to build that cozy cabin you have always dreamed of.

Just a reminder that owning a lot in the Angel Fire Resort area will allow you all the privileges that come with being a home owner in the resort. Discounted skiing, access to the Country Club facilities and more! There are many beautiful Angel Fire lots to choose from or fully furnished homes for sale in Angel Fire as well.

Stop by our Angel Fire office at 27585 Highway 64 at the blinking light with the Native American tipi out front. Let our knowledgeable brokers help you find the perfect place to call home or just home away from home. We can help you make your dreams a reality! Call us @ 575-377-2626 or in Taos call 575-758-5852

Mardi Gras in the Mountains

Come celebrate Mardi Gras with the locals, and while you are at it, come see our exceptional brokers at New Mexico Mountain Properties in Angel Fire. If you are looking for an Angel Fire Condo or Angel Fire home for sale, we can help you find exactly what you are looking for! Whether it's a weekend getaway condo, a second home or land to build the home of your dreams, we can help. Angel Fire condos that overlook the ski mountain and homes in Angel Fire that you can ski in and out of are here waiting to hold your memories. Call our Angel Fire office at 575-377-2626 and we will work with your schedule to show you the adventure and beauty that awaits you in Angel Fire, New Mexico. In Taos, you can call 575-758-5852.

Angel Fire Resort Mardi Gras Activities angelfireresort.com/events

Friday 3/1 Live Music from Toe-Up 5 – 10pm | Chianti's Art & Carafe 6 – 8pm | Legends

Saturday 3/2 Gumbo 11am – 2pm | Zia Bar Mask Making 2 – 3pm | Village Haus S'mores 4pm | Deck High School Interact Club Dance Fundraiser 6:30 – 9:30pm | Garden Court Mardi Gras Kick Off Party | Village Haus LIVE MUSIC Bus Dapes | 4 – 7pm Toe-Up | 7 – 10pm Kids Play Zone 6 – 10pm | Conference Rooms A & B

Sunday 3/3 Mardi Gras Parade 3 – 3:30pm | N. Angel Fire Rd & Vail Ave Wine Tasting & Live Music from Cory LeBert 4 – 5:30pm | Legends Village Haus Après 4 – 6pm Live Music from Toe-Up 6:30 – 10pm | Chianti's

Monday 3/4 Village Haus Après 4 – 6pm Mardi Gras Ball with Live Music from the Jimmy Stadler Band 5 – 10pm | Country Club Tickets $55/person by calling 575-377-6755 more information @ www.shuterlibrary.net Live Music from Toe-Up 6:30 – 10pm | Chianti's

Fat Tuesday 3/5 Kids Crafts 2 – 3pm | Village Haus FAT Tuesday Party Garden Court LIVE MUSIC Toe-Up | 5:30 – 7:30pm The Rudy Boy Experiment | 8 – 10pm Kids Play Zone 6 – 10pm | Conference Rooms A & B

Wednesday 3/6 Village Haus Après 4 – 6pm Live Music from Toe-Up 6:30 – 10pm | Chianti's

SNOW much to do around town in February…

Now is the time to get away and enjoy the beautiful surroundings of Angel Fire- grab your skis and hit the slopes, enjoy the view from a condo in the Angel Fire Resort or sit by the fire in a cabin with a good book. However you choose to enjoy it, your trip can be enhanced with events for fun or to support a great cause!

From wine tasting festivals, concerts and parades to Military Winter Fest honoring our country's finest heroes, come join in the action!

While you are here, be sure and stop by and see one of our expert brokers at New Mexico Mountain Properties at the blinking light with the Native American tipi. We can help you find an Angel Fire Condo for sale or a home for sale in Angel Fire.

There are so many options to help you choose a property that will be perfect for those weekend getaways with family and friends. Call our Angel Fire office @ 575-377-2626 or in Taos call 575-758-5852. We look forward to serving you!

Upcoming Events in Angel Fire, NM February 16th is a Sweetheart Wine Tasting Festival hosted by our local Rotary Club that raises money for local high school scholarships. https://www.angelfireresort.com/event/sweetheart-wine-tasting-festival/ Also coming up February 21st -24th is our annual Military Winterfest: The 5th Annual Military Winterfest showcases four days of snow-filled fun, live entertainment, savory food, and exclusive military discounts. Hosted and organized by the National Veterans Wellness & Healing Center Angel Fire, this will be a winter celebration of our military, both active & veterans. Skiing, Snowboarding, sleigh rides, tubing, family, and off-hill activities. For more information go to https://www.angelfireresort.com/event/5th-annual-military-winterfest/2019-02-21/ For more information check out https://www.angelfireresort.com/events/

Ski Today....Stay Forever

Headed to the mountains for a romantic Valentine's Day getaway or a Spring Break vacay? It's not too late to plan some time in the beautiful Taos Ski Valley or Angel Fire Resort, but we have to warn you...once you get here you are not going to want to leave! So why not Ski Today...Stay Forever?

While you are here, let one of our expert brokers show you some Taos Real Estate or Angel Fire Condos. We can help you envision how to make these weekend getaways frequent and fun with friends and family when you own property in the Angel Fire Ski Resort or if you purchase a condo for sale in Taos. Winter, Summer, Spring and Fall are the best time of year in the beautiful Sangre de Cristo Mountains! Call us at our Taos office @ 575-758-5852 and let us show you the best in Taos Real Estate. Whether you are looking for condos for sale in Taos, Taos ski mountain properties or land in the Taos vicinity, we can guide you through every step of the process and we are happy to work with your schedule while you are visiting. If you are looking for Real Estate in Angel Fire, call our office @ 575-377-2626. We can show you condos in Angel Fire, property in Angel Fire Resort or surrounding areas. Let us help you find the Angel Fire real estate for sale that can be your home away from home! We look forward to serving you!

While you are here, check out a few special events going on in the area:

-Valentine's Day Spa Special @ the Spa & Wellness Center at the Blake Call and schedule a relaxing spa or aroma therapy treatment for you or a loved one 575-776-5340

-B inspired Festival: Come join us for a full day of conversation with fellow Certified B Corps, Protect Our Winters athletes, and Governor Lujan Grisham. Free event 2/14/2019

-Rising Appalachia Concert: Finish off the B Inspired Festival with an intimate concert opening with Concepto Tambor located in the Taos Tent off of Thunderbird Road. Tickets are $10 when purchased in advance or $15 on the day of the event. 2/14/2019

For more events in the area, check out skitaos.com/events

What’s Really Included in Closing Costs?

You've endured the long road to purchasing your new home and the end is finally in sight! Closing day is close at hand, but hopefully you did some preparation for your closing costs ahead of time.

Truthfully, the best time to study closing costs is when you are shopping for a lender and comparing interest rates. Using a closing-cost calculator can also help you determine what your costs might be, and then you can decide if you are going to pay them up front or finance them into your mortgage. What are closing costs?

Closing costs are lender and third-party fees paid at the closing of a real estate transaction that can be financed or paid up front. They range from 2%-5% of the purchase price of a home.

Recurring Costs: Ongoing expenses you will continue to pay as a homeowner and are placed in your escrow account, which can also be viewed as a forced savings account for upcoming home expenses you will be facing. These can vary, but most commonly include: -property taxes -homeowners insurance -prepaid loan interest -title insurance

Nonrecurring Costs: Fees paid to your lender and other professionals involved in the transaction: -home inspection fees -discount points you're paying upfront -an origination fee, charged by the lender to process loan -document prep fee, which covers the cost of preparing your loan file for processing -appraisal fee, which covers the cost of a professional estimating the market value of the property -survey fee for verifying property lines -underwriting fee for the cost of evaluating and verifying your loan application -credit report fee for pulling your credit scores -title search and recording fees -wire transfer fee for wiring funds from the lender to your escrow account.

It is very important to do your homework ahead of time so there are no surprises on closing day and you can walk away with your keys in hand, ready to begin your adventure in the home of your dreams!

If you are looking for real estate for sale in Taos, either a home in town, a condo near the Taos Ski Valley or land to build the adobe home you have dreamed of, call the expert brokers at New Mexico Mountain Properties in Taos. Call 575-758-5852 or stop by our office at 502 Camino Cortez. We look forward to serving you! We offer you the Best in Taos Real Estate. If you are looking for the beauty of an alpine setting, real estate in Angel Fire may just be the ticket. Whether you are searching for a townhome or condo within walking distance of the Angel Fire Resort, a home with a view of the beautiful mountains that surround Angel Fire or acres of land to purchase and build a family home you can use for generations, we are here to help! Our brokers know this area best and can help you narrow down your options to perfectly fit your lifestyle and your needs. Call our offices in Angel Fire at 575-377-2626 and let our brokers guide you through this process and take care of all the details. Come see us at 27585 HWY 64 in Angel Fire at the log cabin with the Native American tipi out front.

Can you buy a home with zero money down?

The hardest part of buying a home can be saving for the down payment. A 20% down payment can easily be $30,000-$50,000 on a modest home purchase and while that is ideal, it is often not possible to come up with. Is there a solution for affording your dream home? One possibility is a zero-down mortgage.

A zero-down mortgage is a loan that covers the entire purchase price of the home. This frees up funds for your home search and provides an easier way to secure a loan. A conventional mortgage generally requires a down payment between 5% and 20% of the home's selling price. A zero-down mortgage is a great option for someone wanting to get in a home quickly while paying down other debt as well.

While this option may be hard to find, there are two options for zero-down mortgages: A VA Home Loan from the U.S. Department of Veterans Affairs, and a USDA loan from the U.S. Department of Agriculture. • VA loans don't require private mortgage insurance and have low closing costs, in addition to not requiring a down payment. To qualify, you'll need a Certificate of Eligibility from the VA, have a good credit score, and meet the requirements for income. This loan isn't completely free, though: You could pay a 1 percent loan origination fee and costs relating to the purchase (such as appraisal and inspection fees). The main requirement for the property is that the selling price isn't higher than the appraisal price.

• USDA loans offer low interest rates for low- to moderate-income potential home buyers with good credit looking to buy a home in designated rural areas. The two most popular USDA loans are Single Family Direct Home Loans (designed for low- to very-low income applicants) and Single Family Guaranteed Home Loans (designed for low- to moderate-income applicants).

For USDA Single Family Direct Home Loans, the property generally has to be 2,000 square feet or less, can't have an in-ground swimming pool, and can't be designed for income-producing activities. USDA Single Family Guaranteed Home Loans have few requirements other than the property existing in an eligible area, and the home has to be occupied by the applicant as their primary residence.

As with all things, check your pros and cons: there may be a down side to a zero-down mortgage... For VA Loans, your interest rate may be higher than a conventional loan. For USDA loans, private mortgage insurance may be required, which is a monthly payment between 0.5 and 1 percent of the loan. However, for those with bad credit, neither of these options will work.

If you are looking for some options to buy in the Taos or Angel Fire areas, highly qualified Brokers at New Mexico Mountain Properties are ready to assist you.

In Taos, call 575-758-5852 to find that special Taos Pueblo style adobe home for sale. Perhaps a Taos condo in the heart town may be more to your liking or property closer to the Taos Ski Valley may better suit your plans. We can help you choose the right location for your lifestyle and your needs. Our Brokers will be there every step of the way!

If you are looking for property in Angel Fire, call 575-377-2626 and our Angel Fire Brokers can help you choose an area of town that is perfect for you! If you qualify for a VA loan and are interested in an Angel Fire home or a condo for sale in Angel Fire, you must visit the beautiful Veteran's Memorial and Memorial Hospital that is under construction. Veterans are an integral part of and our Angel Fire community. We are very involved in honoring our service men and women. Look for our Angel Fire office off Highway 64 beside the Native American tipi at the blinking light. We look forward to serving you!

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