We are often cautioned by our mortgage broker and/or lender to not charge up our credit cards, change jobs or make a big purchase, such as an automobile just before we close on a home loan. This advice now seems more prudent than ever! [...]
Working with investors who fix and flip homes is one of my favorite parts of this job. Whether they are seasoned professionals who buy several properties a month, or if they are a newbie to the game looking for their first deal, the fun is often in the hunt. The biggest challenge? Helping those new to the industry secure [...]
I need help with a down payment. Are there any down payment assistance programs left to help me buy a house in Denver now?
While down payment assistance used to be the norm for first time buyers, it has been quite awhile since I wrote an offer asking the seller to contribute 6% towards the buyers closing costs and down payment assistance. But [...]
I have been getting this question a lot recently, especially since we thought rates were going to be in the 6% range by the end of the year. With the European economy hurting though, it appears [...]
Effective June 1, 2010, Fannie Mae will begin requiring afinal credit check just before closing and funding on a new mortgage.
If new loans existthat are sizable enough to affect the debt-to-income ratio calculations used in the original mortgage approval, the whole deal could fall through.
Alternatively, if the credit score has dropped below the minimum requirement for the loan, the deal could fall [...]
![[MRATES]](https://d15zjc2r4e8kr7.cloudfront.net/9836/blog/misc/P1-AV375A_MRATE_NS_20100523202821.gif)
With the crash of the European economy,what is going to happen to real estate prices in Denver now? With the roller coaster ride we have been on lately, it is no surprise that this latest concern for the economy, this time from Europe, will havean immediateimpact on the American economy, and at an even more local level, here in [...]
Interest rates often define the real affordability of homes. While tax credits are incentives, low interest rates create long term advantages for homeowners and investors. Today, rates as low as 4% for a 15 year mortgage or a 30 year FHA mortgages 4.65% is unprecedented. While many expected the real estate marketplace to be affected by the [...]
Platt Park Market Report - Denver Colorado Real Estate
The median sales price for homes in Platt Park, Denver for Feb 10 to Apr 10 was $305,000 based on 27 sales. Compared to the same period one year ago, the median sales price decreased 7.1%, or $23,400, and the number of sales increased 80%. Average price per square foot for Platt Park was [...]
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