Back in the beginning of 2015 I put together a brochure that I give to prospective sellers entitled “6 Remodeling Projects That Make Financial Sense.” You can download the brochure by clicking here. Often times potential home sellers will try and weigh the cost/benefit analysis of doing improvements or upgrades before they list their home…
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What is the difference between a mortgage interest rate and an APR? There are many costs associated with taking out a mortgage. They include: Interest Rates Points Fees and Other Charges View image | gettyimages.com The interest rate is the cost you will pay each year to borrow the money, expressed as a percentage rate.…
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On Thursday, October 29, 2015 I attended a meeting of a group of top executives from the Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Colorado Housing Finance Authority (CHFA). The meeting was held to discuss with local REALTORS®, mortgage lenders and community members the impact on housing prices and the lack…
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This buyer satisfaction comes from a client that I represented in the purchase of a home which co-incidentally I also was the listing agent for the home. This type of transaction can potentially cause ethical issues for me as a real estate agent. If one of the parties to the transaction thinks they have been…
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In a recent poll done by Digital Risk they asked millennials (those in the 18-34 year old range) who had recently purchased homes found that 36% of them had purchased their home with less than a 5% down payment. A stunning 36% also still believed that a 20% down payment was the only way to…
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This handy little infographic outlines the steps to home ownership in a fun to read and understand graphic. Start saving for a down payment Make sure you have a good credit score Get Pre-Approved Find a Great Real Estate Agent Start Looking at Homes Make an Offer Close Escrow A side note: at the beginning…
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The Pueblo real estate marketplace is hot right now. There are more buyers than homes for sale. In July 48% of all homes sold in Pueblo County did so within 30 days, that’s how quickly good homes are selling. I tell my sellers if the house is priced correctly and in decent shape it will…
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The FirstDown program is available for first time home buyers in Pueblo, CO. Even though the program is used primarily for first time buyers, buyers who have owned a home within the last three years may also be eligible. The FirstDown program combines FHA financing with a second mortgage trust deed for 3% of…
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A reduction in the mortgage premium insurance means many more first time Pueblo Home buyers should qualify for home loans. On Jan. 8, 2015, President Barack Obama announced along with Chris Polychron, President of the National Association of REALTORS® (NAR) that the Federal Housing Administration (FHA) will reduce the FHA annual mortgage premium insurance (MPI)…
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