Colorado Springs vs. Fort Collins – Which is Better?

Colorado Springs vs. Fort Collins – Which is Better?

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 basics and features. Both cities […]

Most Common Home Refinance Questions in Colorado

Most Common Home Refinance Questions in Colorado

1.) How long do I need to wait to refinance my home? The typical waiting period is 6-12 months after your purchase or previous refinance. It’s worthwhile to speak with your loan servicing dept. who helped you on your current loan to confirm there aren’t any prepayment penalties for refinancing. One more thing to think […]

Colorado Springs Real Estate Forecast for 2021: Buyers Competing for Low Inventory

Colorado Springs Real Estate Forecast for 2021: Buyers Competing for Low Inventory

The Colorado Springs real estate market has done expectedly well during 2020, regardless of the continuous challenges caused by the coronavirus pandemic. So as we approach the final month of the year, we are noticing some favorable estimates for the Colorado Springs housing market into 2021. The same is true for other cities such as […]

Bank Statement Loan for Self-employed Borrowers

Bank Statement Loan for Self-employed Borrowers

Mortgage lenders have really helped self-employed borrowers obtain financing by using the bank statement home loan. Approximately 7 years ago is when the bank statement loan became available and it has become the go-to loan product for business owners ever since. Before that business owners were looking for stated income mortgage lenders to finance their […]

A Deeper Look at the Rent vs. Buy Argument

A Deeper Look at the Rent vs. Buy Argument

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, it seems to be a […]

What Do the New Conforming Loan Limits in 2020 Mean For You?

What Do the New Conforming Loan Limits in 2020 Mean For You?

For starters, depending on your income, you may be able to buy a higher priced home. Denver’s maximum conforming loan limit is now $575,000, which is up from $529,000.  The Denver counties enjoying this increase are Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. Boulder is now $644,000 in 2020 up […]

10 Great Suburbs Outside of Denver

10 Great Suburbs Outside of Denver

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 young professionals. Let’s review the […]

6 Great Tips for New Construction Home Buyers

6 Great Tips for New Construction Home Buyers

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 some home buyers so they […]

Self-employed Mortgage Success Stories

Self-employed Mortgage Success Stories

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 mortgage with the strict underwriting […]

New Alimony Rule Will Help More Borrowers Qualify

New Alimony Rule Will Help More Borrowers Qualify

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 to qualify for financing. This […]

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