As mortgage rates eclipsed 7%, homebuilders employed an intricate strategy to drive sales – subsidizing rate buydowns to reduce monthly payments. This phenomenon flies under the radar but understanding its financial mechanics and marketplace role helps buyers evaluate the best purchase path. What is a Rate Buydown?A rate buydown allows Read more…
Ready to take the next step and move to Colorado but not sure which small to medium-sized city should be your new home? If you need some help picking which one fits your lifestyle the best, it helps to start off with an overview of Colorado Springs and Fort Collins Read more…
The roommate factor is of great importance as a young adult’s method when deciding to rent or buy a home. Renting versus owning is a long standing debate among homeowners and renters. As of now, renters can easily win the debate by splitting rent with a roommate and saving. Initially, Read more…
For starters, depending on your income, you may be able to buy a higher priced home. Denver’s maximum conforming loan limit is now $816,500, which is up from $787,500. The Denver counties enjoying this increase are Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. Boulder county Read more…
Young Colorado professionals have just about all they can handle, and they really don’t want to be concerned with identifying the best places to live around Denver. So, just in case you fit that description, we put together a list of the best areas to accommodate the hectic lifestyle of Read more…
Buying a Home from a Builder in Colorado In the Metro Denver area, the average detached new home sales price is approximately $534,870 for the past 12 months as of June 30. This represents a 4% increase from a year ago. This price point has caused an affordability issue for Read more…
Having a flexible work schedule is pretty much the norm for people who own their own business or are independent contractors. Sometimes the income for one month is huge while other months can be small or nil. Lenders understand this, which is why it can be difficult to obtain a Read more…
Let’s see how alimony calculations have become more friendly for the former spouse paying their ex-spouse. Fannie Mae recently made it acceptable for lenders to decrease a borrower’s income by the amount of the alimony as opposed to including it to his or her debt-to-income ratio, which made it harder Read more…
Here is a wonderful tip for a homeowner who needs to make a specific amount when selling their home. Actually, it it is probably not so new to many of the experienced real estate agents, but it will help the newbies and those needing a refresher. The sellers’ net profit Read more…
The following is a short list of things you should and should not do when buying a home in Denver or Boulder. Mistakes to Avoid During Your House Search #1 Not being prepared to compete in a seller’s market. The Denver metropolitan area, including Boulder, has been in a hot Read more…