Mortgages & Loans
When is Foreclosure (or Short Sale) Removed From Your Credit Report
October 4, 2011 by Michael T. · Leave a Comment
Many people are facing foreclosure, foreclosed, or completed a foreclosure alternative such as a short sale. The big question is, how do these affect your credit, and when can you purchase a home again?... (more...)
5 Tips For Understanding Your Home Loan’s Good Faith Estimate (GFE)
June 28, 2011 by Michael T. · Leave a Comment
When you apply for a mortgage, the lender has three days to give you a good-faith estimate of the fees and interest rate you’ll pay, as well as other loan terms. Here are five tips for using the new... (more...)
Do I Need 20% Downpayment to Buy A House?
May 6, 2011 by Michael T. · Leave a Comment
This keeps coming up in conversations I have with people so I want to address this new myth right now. NO. NO NO NO. You DON”T NEED 20% down payment to buy a house. Clarifying this further….you... (more...)
Tax Time: 10 Often Overlooked Real Estate Tax Deductions
February 9, 2011 by Michael T. · Leave a Comment
Home acquisition mortgage loan fees: If you bought your primary or secondary home last year, you probably obtained a mortgage to finance the purchase. That mortgage is called an “acquisition mortgage”... (more...)
It’s More Affordable To Buy Than Rent in Colorado For 2011
February 9, 2011 by Michael T. · Leave a Comment
A report just came out from Trulia comparing the cost of renting vs owning a home throughout the US. For the Denver CO region, we ranked 13 on the index. 1-15 means it’s a more affordable to buy... (more...)
‘Anti Flip Waiver’ Extended – Buyer’s Can Buy Rehabbed Homes W/FHA Financing!
February 9, 2011 by Michael T. · Leave a Comment
Good news from Washington! FHA extended a temporary waiver of the agency’s ‘anti-flipping rule. The rule prohibits a buyer from getting FHA financing if the seller has owned the home for... (more...)
HUD Creates Emergency Loan Program
December 27, 2010 by Michael T. · Leave a Comment
A substantial number of people in Colorado (and the nation for that matter) have had a loss or decrease of income but would like to keep their home and not foreclose. Well, HUD has launched a new Emergency... (more...)
Bank of America to Resume Foreclosures in CO
December 27, 2010 by Michael T. · Leave a Comment
Bank of America (BOA) announced they will resume foreclosures in Colorado very soon. They temporarily stopped foreclosures nationwide on October 8th amid allegations that bank employees signed but didn’t... (more...)
New FHA Changes are Coming in October – Will it Save or Cost You Money?
September 22, 2010 by Michael T. · Leave a Comment
Well, our government is changing the fee structure for FHA loans effective this October. In my humble opinion, this is in response to money they have been losing on defaulting FHA loans over the past few... (more...)
Keep Your Home Purchase From Falling Through
May 25, 2010 by Michael T. · Leave a Comment
Many people have heard a story about ‘someone’ who was buying a house and then found out they couldn’t get a loan the day before closing, and the deal fell apart. Well…I wish could... (more...)
