The Making Home Affordable (MHA) program was introduced in 2009 to try and help stabilize the housing market by offering some … Continue reading...
$3000 HAFA Incentive For Short Sale Homeowners Becoming More Popular In Colorado
When is Foreclosure (or Short Sale) Removed From Your Credit Report
Many people are facing foreclosure, foreclosed, or completed a foreclosure alternative such as a short sale. The big question is, … Continue reading...
5 Tips For Understanding Your Home Loan’s Good Faith Estimate (GFE)
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 … Continue reading...
Do I Need 20% Downpayment to Buy A House?
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 … Continue reading...
It’s More Affordable To Buy Than Rent in Colorado For 2011
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 … Continue reading...
‘Anti Flip Waiver’ Extended – Buyer’s Can Buy Rehabbed Homes W/FHA Financing!
Good news from Washington! FHA extended a temporary waiver of the agency's 'anti-flipping rule. The rule prohibits a buyer from … Continue reading...
HUD Creates Emergency Loan Program
A substantial number of people in Colorado (and the nation for that matter) have had a loss or decrease of income but would like … Continue reading...
Bank of America to Resume Foreclosures in CO
Bank of America (BOA) announced they will resume foreclosures in Colorado very soon. They temporarily stopped foreclosures … Continue reading...
New FHA Changes are Coming in October – Will it Save or Cost You Money?
Well, our government is changing the fee structure for FHA loans effective this October. In my humble opinion, this is in response … Continue reading...
FHA 203k – When You Want a “Fixer-Upper” But Don’t Have $$ For the Fixing!
When a homebuyer wants to purchase a house in need of repairs or updating, he/she usually has to obtain financing first to … Continue reading...
