redT Homes
Denver real estate brokerage

Denver real estate market - news, stories, and tips

If you have any questions regarding the Denver real estate market, or whether you should buy or rent, you have come to the right place! redT Homes is Denver's premier real estate brokerage and new construction experts.

The Importance of the Right Lender


A good lender is an important partner when buying a home, but even more so with new construction. The construction process can be long and tedious so having a knowledgeable lender is key. With interest rates constantly changing, the most complicated aspect to navigate is when to lock your loan. New construction timelines change on a regular basis and can be effected by anything from the weather to delayed shipments. Before committing to a lender, make sure to ask whether they have extended rate locks, as well as what happens if your rate lock expires and you are in need of a grace period. This will ensure your rate does not go up in the chance of delayed construction. Other important factors when choosing a lender include, how well versed they are in new parcel numbers from the city, best practices on how to determine the estimated tax rate, and if they can close with a TCO. For most of us, these topics are not the first things we think of when purchasing a new home but a good lender helps to navigate the waters smoothly. Not only can our lending partners help with all of the above, they also offer a substantial credit to any buyer buying a home listed by redT. Having the right lender can alleviate frustration and uncertainty when moving towards the closing table and overall make the process more enjoyable.

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