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Home Mortgage and Finance

Renters need to make $35 an hour to rent in Denver. Wait, what?

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Yes, you read that right. Renters in Denver need to make $35 an hour to afford a median priced rental. $35 an hour is 4 times the minimum wage in Denver and is no small amount, especially for those just out of college and new to the area so it definitely caught me a little off guard. When you think about how many apartments are being built [...]

Private Mortgage Insurance. Is it avoidable in today's market?

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At BBVA Compass, we believe smart mortgage lending helps build strong neighborhoods and a better future. We offer many different programs which DO NOT have private mortgage insurance. We have programs for First Time Home Buyer's, investors, 2nd home buyers, clients looking to refinance, and more. You name it... there's a program out there to [...]

5 Financial Reasons to Buy a House

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There are a lot of reasons that people buy houses.some are emotional, some are logistical, and some are, of course, financial. We thought that these 5 reasons summed up many of the best reasons for buying a house rather than renting...

1.) Housing is typically the one leveraged investment available.

œFew households are interested in borrowing [...]

12 Reasons to Sell Your House in the Winter

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It might seem counter-intuitive to list your house in the winter months, but actually there are many reasons to list and sell your property during the winter:

1. We see a measurable increase in online traffic on our Real Estate website when the weather gets cold...it makes sense, people are inside, and they are looking at properties online. [...]

Investing in Denver Real Estate. Tips for first time investors

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Have you ever thought about investing in Denver Real Estate? There has never been a better time to own rental properties in Denver with rental rates at an all time high, vacancy rates at an all time low and interest rates back near an all time low. While investing sounds very tempting, it can also be very intimidating and confusing. I've [...]

Interest rates hit lowest level of 2014, below 4%, because of....Ebola?

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You read that right, interest rates have dropped to their lowest level of 2014 and are below 4% right now, thanks in part to Ebola. With the second case of Ebola in Dallas, ISIS, a weak European economy and other problems around the world, investors are pulling their money from the stock market and putting it into the bond market. When the [...]

Current Trends in our Mortgage Market - Did You Know That You Don't Necessarily Need 20% Down?

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Although the government has backed off the purchase of mortgage backed securities, mortgage interest rates remain historically low. There have been moderate fluctuations in interest rates over the last twelve months, but the rate on a thirty year fixed, conforming loan remains in the low 4% range. This bodes well for Sellers as demand for [...]

The cost of waiting to buy a Denver home.

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What is the cost of waiting to buy a home in Denver these days? Working with buyers, I hear
a lot of the time, "I"m waiting to buy... to get a larger downpayment, for my lease to expire,
the timing to be right, the prices to come down, etc., etc., etc." Many of these are very valid
and real reasons and I certainly understand where buyers are
[...]

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