In doing client research of the Lone Tree/Highlands Ranch area (DHL), I am seeing some interesting trends in comparison to last year. Based on the MLS stats compiled by Land Title, it is interesting to see just how much the sales in this area have dropped compared to last year. In May and June,
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07/11/2009
About two months ago, 10 "sold" signs popped up. Last week the site prep started, now this - two homes are nearly framed, four more foundations are poured, and the site prep is being done on another two... Here in Green Valley Ranch, there are still a handful of listings. There seems to be an
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07/06/2009
Colorado Mortgage Broker Licensing In response to the troubled national real estate market and Colorado’s high volume of home foreclosures, efforts have increased to make higher caliber professionals involved in real estate. Licensing, rules and regulations have become more stringent for agents
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11/30/2008
Loan Considerations for Buy and Hold Investors As far as investment loans, little or no money down loans are impossible. However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment. Or, self-
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11/30/2008
Loan Considerations for Fix & Flip / Short-Term Investors Securing conventional financing on a fix & flip or short-term loan is not recommended. Most conventional lenders sell off their mortgages to investors on the secondary market. If the loan is paid off early (before six payments are
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11/30/2008
Loan Considerations for Jumbo Mortgages For the Greater Metro Denver area, any loan amount greater than $417,000 is considered a jumbo loan. Fannie Mae and Freddie Mac assign different thresholds for various regions across the country. For instance, $417,000 is not considered a jumbo loan i
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11/30/2008
Loan Considerations for Loan Amounts Between $200K - $417K With all the doom and gloom publications that are mostly exaggerated, many potential borrowers believe that home mortgage lending options have dried up. While underwriters and investors are scrutinizing files more closely, attractive
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11/30/2008
FHA First-Time Buyer Tax Credit In an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence. The highlights of the tax credit are: · The tax credit is available for first-tim
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11/30/2008
Loan considerations for a first time buyer Lending guidelines are changing on a daily basis for every type of loan: conventional, FHA, VA & commercial. Nevertheless, there are still very attractive first-time home buyer options available. If you are or will be a first-time buyer, it is cri
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11/30/2008
How can you improve your FICO score? To improve one’s credit score, it’s critical to understand the factors influencing a credit score. The factors that contribute to a FICO score and the weighted percentages for each are as follows: 35% — timeliness of payments 30% — the ratio of used debt to
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11/30/2008